The role of Islamic banks in the implementation of collective rightsAssistant

Abstract

Abstract: Islamic banks occupy a distinguished position in the banking system, especially in Iraq, which has begun to enter large and new investment fields and broad economic openness, in addition to its entry into large international economic and financial organizations, in addition to increasing the awareness of the community members of the importance of the role of banks in general and Islamic banks in particular after entering into financial inclusion approaches. All of this was reflected in the increase in the number of Islamic banks and the diversity of services they provide and their enjoyment of the advantage of practicing banking work in accordance with the provisions of Islamic law, and thus the customers of these banks obtain revenues or profits free of usury and acceptable from a legal perspective, in addition to the reliance of these banks on their internal and external sources to employ them in investment fields that comply with the provisions of Islamic law and in a way that achieves guaranteed returns in low-risk areas. This is measured through investment growth indicators, which are the basis for achieving returns in them according to the framework of the Islamic Banking Law in Iraq No. 43 of 2015.