The head of the Sharia Committee of the Stock Exchange: 27 Sharia supervisors have been stationed in the country’s banks
Gholamreza Mesbahi Moghadam, the head of the Sharia Committee of the Stock Exchange, said that currently 27 supervisors are present in 27 banks across the country, focusing on Islamic banking education and aligning financial issues with Sharia principles.
He further stated that I have always emphasized Islamic financing over the years, but in all sectors, financing was based on finance and derived from interest rates.
He clarified that the Islamic financial industry directly impacts production growth. In this regard, tools such as Gharz-al-Hasanah bonds to support the production chain, deposit bonds to control inflation, and repurchase agreements to prevent borrowing from the central bank are used.
According to Mesbahi Moghadam, currently 27 supervisors have been deployed in 27 banks across the country, which has led to the expansion of Islamic banking education. Currently, the projects initiated by banks are subject to supervision, and the plans for resource attraction and allocation are reviewed to ensure they are approved from a Sharia perspective.
