Les défis de la banque islamique en Iraq

Téhéran (IQNA) – The potential for growth in the middle and long term of the Islamic banking sector in Iraq is positive despite the problems that exist in this sector. Cette demande sera sutentue par la population majoritairement musulmane dont les activités bancaires pour des raisons religieuses, sont restees très faibles.

Iraq is a country that has increased revenues in recent months, due to the increase in oil prices, according to the statistics of the economic data base “Statica”, Iraq has experienced second economic growth. plus élevé avec une croissance de 9.5%, après le Ghana, en 2022.

The first Iraqi bank was created in 1941, named Bank Rafdin. For more than 50 years, the Iraqi people did not have access to another bank and no financial institution, private or foreign, was authorized to operate. La Rafdin Bank currently has several branches in Iraq, which are located in Egypt, the United Arab Emirates, Yemen, Jordan and the United Kingdom.

The economic and political conditions of Iraq in the 90s, as well as the events of 2003, played a role in the general inactivity of the Islamic bank in its financial transactions during this period, and after 2007, the number of banks islamiques en iraq augmente. Currently, there are approximately 30 Islamic banks in Iraq, including a public bank called “Islamic Bank of Al-Naharin”, which was created in 2012.

Il semble que la banque islamique soit une question sensible pour le peuple irakien qui recherche des services bancaires intelligentes, efficaces et facilement accessibles, et les banques privées et publiques, doivent évoluer et s’adapter aux technologies et services bancaires modernes.

The recent report of Fitch Ratings, published on July 5, 2022, on the Islamic banking system in Iraq, presented a complete picture of the Islamic banking system and the Islamic finance industry in Iraq, and showed that the sector’s activities bancaire islamique irakien should continue to grow à moyen terme, grâce au soutien du gouvernement irakien au financement islamique.

However, the Iraqi Islamic banking sector is restricted to 8.1% of the total assets of the banking system at the end of 2021, and a market share of 3.7% of the total deposits of the banking system. The total assets of Islamic banks reached 12,900 billion Iraqi dinars (8.8 billion dollars) at the end of 2021, which represents a significant annual growth of 18.2%.

Central Bank of Iraq

The problems of the Islamic banking industry in Iraq are almost the same as those of the traditional banking system, i.e. a difficult operational environment, political instability, limited lending opportunities, the absence of regulations governing the sector bancaire, une faible application des réglementations financiers, des problèmes de transparency qui contributor au manque de confiance du public, le manque de compétences du personnel et les problèmes de blanchiment d’argent.

The specific challenges of the Islamic bank include the weak knowledge of Islamic services, the lack of normalization, a limited range of services and the lack of Islamic liquidity management tools.

Les marchés de capitals iraqiens, y compris le marché des sukuk, sont nettement sous-développés et les ésméttors n’ont generale pas acces aux marchés de capitals nationaux ou internationaux. In addition, the takaful market was almost non-existent in Iraq before 2019.

Islamic banking in Iraq

Cependant, il ya des points positifs dans le domaine de la banque islamique en Irak. In 2019, the Banque centrale d’Iraq established a regulation and created the first insurance company Takaful. The Central Bank has authorized Islamic banks to offer assurance services, has accepted the norms of the Organization of Accounting and Audit of Islamic Financial Institutions (AAOIFI), and has joined the Council of Islamic Financial Services (IFSB). .

En 2018, la Banque centrale d’Iraq a publié des regulations sur les conseils de surveillance de la sharia, l’audit bancaire et la conformité à la charia des banques islamiques. La banque centrale a également mis en place un haut comité consultatif sur la charia, au sein de la banque centrale.

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