The International Islamic Bank signs a contract with the Electronic Industries Company to finance solar water pumps for farmers

by **claud39** Tue Jun 23, 2020 12:48 pm

The International Islamic Bank signs a contract with the Electronic Industries Company to finance solar water pumps for farmers

23/06/2020

Economy News - Baghdad:

The International Islamic Bank announced the signing of a contract with the Electronic Industries Company to finance water pumps operating in the solar energy system for farmers, indicating that financing farmers with amounts amounting to one billion dinars within the initiative of the Central Bank of Iraq, one trillion dinars.

The bank said in a press release to the Iraqi Stock Exchange and seen by "The Economy News", "" The International Islamic Bank contracted with the Electronic Industries Company at the Ministry of Industry and Minerals to finance water pumps operating in the German solar system type Lorentz according to Islamic contracts (Murabahah contract) within the initiative of the Central Bank of Iraq One trillion dinars, where farmers will be funded with amounts up to one billion dinars. "

The bank stressed that signing this contract is for the sake of the advancement of our country's economy, developing agriculture and supporting Iraqi farms and creating an agricultural renaissance, and in order to support and employ young people to eliminate unemployment, and to achieve sustainable development through cooperation between the private banking sector and the public sector, and to achieve the government's goals by benefiting Of domestic funds and local product.

http://economy-news.net/content.php?id=20810