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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
The Central Bank cancels two previous decisions pertaining to the Sharia Committee in Islamic Banks
January 18, 2021
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- Elite Member
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Join date : 2018-11-04
The Central Bank cancels two previous decisions pertaining to the Sharia Committee in Islamic Banks
The Central Bank cancels two previous decisions pertaining to the Sharia Committee in Islamic Banks
01/20/2021
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).
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.
01/20/2021
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.
https://economy-news.net/content.php?id=23720
claud39- Elite Member
- Posts : 18423
Join date : 2018-11-04
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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