Al Baraka Bank is the first Islamic bank in Amora..botaiq Market:.......Secretary General of the General Council of Islamic Banks Abdul Ilah Botaiq stressed that Islamic banking has seen a significant expansion in the past years, despite the global financial crisis, and political crises in the Middle East and some countries of the world. He Botaiq in a special statement for «economic days» on the opening of the executive program on «strategic leadership of Islamic financial institutions», organized by the General Council of Islamic Banks margin that recent years have seen good growth in Islamic banks ranged rate of between 10 to 15%, Ka that some developing countries in banking Islamic such as Oman and other countries grew at a higher rate in Islamic banks sector. As Botaiq pointed out that the next few years will see an expansion of the largest Islamic banks in many countries, including, for example, Morocco, which will next year the opening of the first Islamic bank there through Baraka Bank Islamic which will enter a partnership with some banks Amorah.kma that there are a number of Bahraini Islamic banks in the consultations in order to expand in Morocco but has not been resolved yet. He Botaiq, Islamic banks also considering expansion in other countries such as Indonesia, Kazakhstan and several countries in Africa and Central Asia, and in addition to that, several Western countries and East Asian issuance of Islamic bonds, including Hong Kong, which issued instruments Islamist twice even though it is a state of non-Islamic, as well as England, Luxembourg and several other countries, pointing out that the future of Islamic banks in the continuous growth. And the views of some financial analysts who believe that Islamic banks abandoned the maxims and went to match the commercial banks in transactions and profits, responded Botaiq saying: «The Islamic bank has not abandoned its role, but the fact that the legal environment does not always help Islamic banks to act as the perfect things in Islamic banking» . , adding: «Currently there are many discussions on this subject to re-Islamic banks to constants, and here we are not talking about the operations of the banks that were in line with Islamic law or not, all transactions in line with the law, but what happens is that Islamic banks put in plans tradeoffs between Murabaha or risk-sharing or investment in small and medium-sized enterprises more ».
He pointed Botaiq that the members of the General Council for Islamic Banks and who represent a group of the largest banks of the Global Islamic, all of whom are aware of this problem and seek to find ways to make Islamic banking in service the real economy and support small and medium-sized enterprises and support the overall economy. And the most important executive program organized by the General Council of Islamic Banks recently about the strategy and leadership of Islamic financial institutions objectives of the said Botaiq: «the program which was implemented recently, is interested in the strategy of the administration and the international expansion, and leadership in Islamic banks, and in the General Council strategy for the years 2015-2018 there were numerous requests from Islamic banks for the implementation of programs and training courses not only for employees, but the Supreme departments in the banks of the executives and the heads and members of boards of directors of departments, so we have dedicated training programs fit this category, in particular, address the topics of strategic and leadership , especially since banks are in dire need of such courses to qualify a new generation of leadership of Islamic banks in the future ». It is worth mentioning, that the General Council of Islamic Banks is an international organization affiliated with the Organization of Islamic Cooperation and represents Islamic banks around the world, and bringing the number of its members more than 120 members representing nearly 30 countries, and the goal of this organization is to support the Islamic banking industry in general and the members of the General Council in particular.
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