(Baghdad: Al Furat News) Revealed the Director of the Bank of Islamic rivers government Abdul Hussain Ali Al-Mundhari, the readiness of the bank to provide loans to citizens to buy a house up to 150 thousand dinars, and the repayment period of 10 years.
Al-Manzheri said in a press statement that "we took on our shoulders in the bank as an Islamic bank to ease the burden of the citizen and reduce the housing crisis as much as possible and we have seen to lend the citizen amounts allocated for this process."
He explained that "the maximum limit of lending will be 150 million dinars interest rate of 38 percent and the payment will be monthly by one million and eight hundred dinars and for ten years, and there is a loan of 75 million dinars to pay 900 thousand dinars interest and the repayment period themselves and so for the rest of the other loans, "He said.
On the mechanism of borrowing for small projects, he said that "small projects in itself develop the economy of the country and the labor force, so we decided to lend the citizen amount of 7 million and 500 thousand dinars without deduction and interest 38 and for a period of four years to pay the customer amount of 260 thousand per month and one sponsor Only the minimum salary for the total 400 thousand and was previously 600 thousand dinars. "
"We have taken this decision to be appropriate and in line with the magnitude of the economic crisis that is besetting the country and in order to facilitate matters and citizens at this sensitive stage," he said.
And on the failure of the bank to accept the sponsors of the Ministries of Defense and Interior, he explained that "the instructions stipulated that we can not exceed them at all, but we exclude them belonging to those ministries and deal with them to deal with the same staff of other ministries."
"There are four branches of the bank, two in the Jihad neighborhood, one in Baghdad, the third in Najaf and the fourth in Basra," he said.
Al-Manhari added that "the bank of the two rivers is purely Islamic, and we have established the bank to have privacy that bears all the legitimate human values that move away from the riba-based side, which is forbidden by God Almighty in his dear book. We have a specialized committee comprising four people who make the decision in banking transactions and specialists in the jurisprudential and fundamentalist side. "He said.
It is noteworthy that the bank itself is the process of buying the house from the owner of the beneficiary of the loan and the contract is signed within the bank to be the property in the name of the bank until the payment of the full amount.
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Al-Manzheri said in a press statement that "we took on our shoulders in the bank as an Islamic bank to ease the burden of the citizen and reduce the housing crisis as much as possible and we have seen to lend the citizen amounts allocated for this process."
He explained that "the maximum limit of lending will be 150 million dinars interest rate of 38 percent and the payment will be monthly by one million and eight hundred dinars and for ten years, and there is a loan of 75 million dinars to pay 900 thousand dinars interest and the repayment period themselves and so for the rest of the other loans, "He said.
On the mechanism of borrowing for small projects, he said that "small projects in itself develop the economy of the country and the labor force, so we decided to lend the citizen amount of 7 million and 500 thousand dinars without deduction and interest 38 and for a period of four years to pay the customer amount of 260 thousand per month and one sponsor Only the minimum salary for the total 400 thousand and was previously 600 thousand dinars. "
"We have taken this decision to be appropriate and in line with the magnitude of the economic crisis that is besetting the country and in order to facilitate matters and citizens at this sensitive stage," he said.
And on the failure of the bank to accept the sponsors of the Ministries of Defense and Interior, he explained that "the instructions stipulated that we can not exceed them at all, but we exclude them belonging to those ministries and deal with them to deal with the same staff of other ministries."
"There are four branches of the bank, two in the Jihad neighborhood, one in Baghdad, the third in Najaf and the fourth in Basra," he said.
Al-Manhari added that "the bank of the two rivers is purely Islamic, and we have established the bank to have privacy that bears all the legitimate human values that move away from the riba-based side, which is forbidden by God Almighty in his dear book. We have a specialized committee comprising four people who make the decision in banking transactions and specialists in the jurisprudential and fundamentalist side. "He said.
It is noteworthy that the bank itself is the process of buying the house from the owner of the beneficiary of the loan and the contract is signed within the bank to be the property in the name of the bank until the payment of the full amount.
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