Banks should be specialized

to report Iran is an economist“Mohammed Reza Farzin” stated at the 33rd Islamic Banking Conference: Islamic banking has grown dramatically in the past few decades and is of interest to both Islamic and non-Islamic countries.

He stated: In Islamic banking, monitoring is important and it should be monitored after granting the facility, which is spent in the right place.

The Governor General of the Central Bank emphasized that the supervision of the banking system should be done in several stages and continued: In the Central Bank, we are facing the weakness of monitoring the performance of the banks and we are trying to prepare a plan in this field.

He clarified: One of the reasons for the non-implementation of Islamic banking is that our banks are not specialized and all banks operate based on the same statute.

continues….