(CBI designs a Syndicate of Islamic financing program (SIFP

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To reduce the unemployment rate and reduce the import gap by supporting projects that have a positive impact in raising the rate of GDP growth, the Central Bank of Iraq has provided a monetary approach that combines the methodology of specific monetary policy and the basic conditions for establishing market economies by designing a Syndicate of Islamic financing program (SIFP), Which provides opportunities for partnership in financing between Islamic and ordinary banks by targeting projects of strategic importance.

 

This comes at a time when the current economic stage is witnessing several challenges in the production and consumption markets.

To view the Executive Controls and Fundamental Principles of the Syndicate Islamic Finance Program, we invite you to visit the attached link published on the website of this bank.

 

The Central Bank of Iraq

Media Office

March 10, 2020