Central Iraqi membership in {AAOIFI} economic achievement


After expanding the base of Islamic banks
Baghdad / Hussein Thugb

Counting specialists in the economic affairs of the accession of the Central Bank of Iraq to the membership of "AAOIFI" economic performance, which coincides with the movement of horizontal expansion of Islamic banks and activities that spread in most areas


"The Iraqi Central Bank's accession to the Iyoufi represents a step towards success and further international confidence in our Islamic banking system, which has been expanding horizontally and continuously after the successes it has achieved on the ground in the field of
work," said Haidar Kazem al-Baghdadi .

Development plans and added in an interview with the "morning" that "many of the Islamic banks which are occupying space from the local banking system, adopted development plans for the advancement of its products, through the adoption of advanced systems including banks obtained international ISO certificate and the first of the International Islamic Bank, and other banks Follow this trend. "

He pointed out that the membership granted to the Central Bank represents a new confidence in the mechanisms of action which necessitates the Central Bank itself to take care of Islamic banks and activate the supervision of the calendar more than it is, and to take care of all Islamic banks morally and encourage them to adopt the best global systems that enable these banks to develop products Advanced banking compete with regional
and global banks .

Development goals and warned " the importance of the Islamic banks contribute to the achievement of development goals , which was established for it, especially the branches of foreign Islamic banks , which have a great experience and a long history in the field of development, to be successful experiences can be adopted by Islamic banks Iraqi."

And exceeded the number of the Islamic banking system in Iraq, the barrier of 20 banks, in light of the trend to establish this type of banks, which is consistent with the needs of Iraqi society, as well as the transfer of financial transfer companies to Islamic banks in accordance with the instructions of the Iraqi Central. "

The Central Bank of Iraq has been a member of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)," said Director of the Central Bank of Iraq Information Office, Acer Jabbar, in a press statement.

"He pointed out that" the Central Bank of its membership has been side by side with a group of banks and Islamic financial institutions and regulatory and supervisory authorities on banks and financial markets, insurance and finance in a group of countries and within the category of "regulatory bodies

"Jabbar pointed out that" the Central Bank of Iraq membership in the body "Ivey" enjoy all the rights and duties in the body to serve the professional and technical relations that reflect positively on the work of Islamic banking in

Interaction Gad financial specialist Raghad Nabil Alusi said: "many Islamic banks realize its goals , which was established for it and is working to expand its activities in order to achieve a serious interaction between the citizen and the Islamic banks that meet the needs of a large segment of society, especially that these banks have proved a great success in the world."

budget "Aaovi" and warned Alusi to "There is a format between Islamic banks and the Central Bank on the budget of "Ivey," and also made some Islamic banks to sign contracts with the company KPMG International Auditing and operating budget "Ivy"

She said: "The accession of the Central Bank of Iraq to the" Iwifi, "is very important, and is one of the important topics that re-audit in accordance with international regulations, which gives Iraqi banks greater confidence in the international
banking community