Islamic Banking in Iraq: A Growing Niche
As for Halal banking (Islamic Banking and Finance), We see prospectus for emergence and growth of Islamic finance and banking in Kurdistan in as much as the state is part of the larger Muslim MENA countries.
imported 2024-03-17 17:43:07
As for Halal banking (Islamic Banking and Finance), We see prospectus for emergence and growth of Islamic finance and banking in Kurdistan in as much as the state is part of the larger Muslim MENA countries.
The concept of corporate social responsibility has been gaining traction in the Lebanese economy – with an increasing number of companies embracing the idea that they can profit from doing good while doing business.
Kurdish foreign relations are in a process of quick evolution as former foes become development partners, such as with Turkey and Iran, where there have been respective degrees of rapprochement have been reached.
While the strong irredentist urge of the Kurdish people over the centuries has always been to have a state to call their own, the one territory to have nearly achieved this — the Autonomous Kurdistan Region — part of northern federal Iraq, is walking a tightrope on actually pressing for full statehood in the near term.
Korek is a big player in Iraq now, “we have nationwide coverage. We increased our market share by 4 percent in less than a year: we moved from 11 to 15.7 percent.”
You cannot build an instant country, but since the 2003 fall of the Hussein regime, the autonomous Kurdistan region has been accomplishing something close to this with its rapid pace of business and infrastructure construction supported by a strong boom in the oil based economy.
For Nozad Dawood Fattah Al-Jaff, chairman of North bank, the goal is to be not only the largest bank in Iraq, but to be recognized as a strong regional player as well.
Newroz Telecom is building a high-speed broadband ADSL network in Erbil and Dohuk and laying more than 1,500 kilometers of fiber-optic cable, according to the Newroz Telecom website.
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