Minister announces principles for banking reform

Minister announces principles for banking reform
Minister of economic affairs and finance announced in Tehran on Tuesday the principles for reforms in the banking system.

Addressing the 26th Annual Islamic Banking Conference in Tehran, Ali Tayyebnia said the principles will be presented to the government in the near future, IRNA reported.

The minister listed the principles as promoting digital banking, upgrading banking equipment, developing skill.

To overcome the problems faced by the banking system, two bills on techniques will be presented to the government, then to the Majlis for approval.

The 26th Annual Islamic Banking Conference began on Tuesday.

The two-day conference is focusing on 'Islamic Banking Experience' in Islamic countries such as Malaysia, Bahrain, Qatar, Kuwait, Saudi Arabia, Indonesia, Turkey, Sudan, Egypt, Oman, the United Arab Emirates and Pakistan.

It will also discuss the 'Islamic Banking Experience' in other countries such as the US, the UK, France, Belgium, Germany, Australia, Spain, Japan, South Africa and China.

The conference will further concentrate on modes of financing, resource mobilization and services of international Islamic banks and financial institutions.


Sep 2, 2015 09:38
Iran Daily |

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The section of oil, gas and petro-chemistry is the up-most and first industrial vantage of the country and the pivot of the Economy of Iran. Regarding the importance of this section and the need for coordinating and organizing the most active people in the field of production and exporting oil ,gas, and petrochemical products ,some forethoughtful and job- makers in the private section of the country decided to come together to fight against the threats by using the opportunity of mass intelligence and potentials.