The Governor of the Central Bank stresses the need to close the gaps in the Islamic banking sector

The Governor of the Central Bank of Iraq, Ali Al-Alak, the need to close the gaps faced by the Islamic banking sector in the areas of risk management and compliance and inflation.
During his first working session with Al Baraka Chairman Adnan Ahmed Yousif and Deputy Governor of the Lebanese Central Bank Raed Sharafuddin and other leaders of the banking sector in the Islamic countries, Al-Allaq noted the importance of legal frameworks, legislation and regulations that will rationalize the work of Islamic financial and banking institutions Especially with regard to risk management, "stressing the need to work seriously to achieve what the Islamic banking sector.

He praised the "great expansion of the Islamic banking sector during the past years," stressing that "a clear vision for the future of this sector should be identified and the gaps to be addressed, especially in the areas of risk management, compliance and financial inflation."

He also praised a number of speakers during the meeting the efforts of the President of the Central Bank of Iraq Ali Alaq and the President of the Association of Iraqi private banks Wadih al-Hanal in support of the Iraqi banking.

Article Credit: https://economy-news.net/content.php?id=12149
Special Thanks to Tim Tarkington!!