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The Central Bank cancels two previous decisions pertaining to the Sharia Committee in Islamic Banks DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

The Central Bank cancels two previous decisions pertaining to the Sharia Committee in Islamic Banks

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The Central Bank cancels two previous decisions pertaining to the Sharia Committee in Islamic Banks Empty The Central Bank cancels two previous decisions pertaining to the Sharia Committee in Islamic Banks

Post by claud39 Mon Jan 18, 2021 9:39 am

The Central Bank cancels two previous decisions pertaining to the Sharia Committee in Islamic Banks




January 18, 2021





The Central Bank cancels two previous decisions pertaining to the Sharia Committee in Islamic Banks Article-161095173740703










The Board of Directors of the Central Bank of Iraq decided, in its Resolution No. (213) for the year 2020, to cancel two resolutions (112) for the year 2020, which include amending paragraph (2) of the conditions for the independence of the controls of the Sharia advisory committee, and resolution (136) for the year 2019, which includes the approval of the controls of the Sharia advisory committee in its final form. And the previous decisions that relate to the subject, and be satisfied with relying on international standards to decide on the Shariah of Islamic banking products and developing the capabilities of the functional cadre of the Sharia Supervision Division in the Department of Islamic Banking Supervision.
 
»To view the controls .. click here



https://cbi.iq/static/uploads/up/file-161094960640153.pdf







https://cbi.iq/news/view/1635
claud39
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The Central Bank cancels two previous decisions pertaining to the Sharia Committee in Islamic Banks Empty The Central Bank cancels two previous decisions pertaining to the Sharia Committee in Islamic Banks

Post by claud39 Wed Jan 20, 2021 11:42 am

The Central Bank cancels two previous decisions pertaining to the Sharia Committee in Islamic Banks


01/20/2021



The Central Bank cancels two previous decisions pertaining to the Sharia Committee in Islamic Banks 25661





Economy News _ Baghdad



The Board of Directors of the Central Bank of Iraq decided to cancel two decisions (112) of 2020, which include amending paragraph (2) of the conditions for independence of the controls of the Sharia advisory committee, and resolution (136) of 2019 that includes the approval of the controls of the Sharia advisory committee in its final form. 

The bank published documents on its website that Al-Eqtisad News reviewed. The bank’s board of directors, in its Resolution No. (213) for the year 2020, canceled two resolutions (112) for the year 2020, which include amending Paragraph (2) of the conditions for independence of the controls of the Sharia Advisory Committee, and Resolution (136). 

For the year 2019, which includes approval of the Sharia advisory committee's controls in their final form, and the previous decisions that are related to the subject, and is satisfied with relying on international standards for deciding on Sharia Islamic banking products and developing the capabilities of the functional staff of the Sharia Supervision Division in the Islamic Banking Supervision Department.

The controls of appointment of the Sharia advisory committee included:

First - To have legal capacity, to be a fit and qualified person according to what was stated in the Banking Law No. (24) of 2004, and to not be an article by any institution inside and outside Iraq for reasons related to job behavior.

Second - That he is at least 40 years old.

Third - To have a doctorate in transactional jurisprudence, Islamic finance, or Islamic economics.
Fourth - He must have experience of no less than (5) years in the field of issuing fatwas and legal rulings.





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