The head of the Jurisprudential Committee of the Stock Exchange Organization stated that 27 Sharia supervisors have been stationed in the country’s banks.
Gholamreza Mosbahgolam, the head of the Jurisprudential Committee of the Stock Exchange Organization, mentioned that currently, 27 supervisors are present in 27 banks of the country, focusing on Islamic banking education and aligning financial matters with Sharia principles.
He further stated that he has always emphasized Islamic finance in the past years, but in all sectors, financial provision was based on finance and interest rates.
He stated that the Islamic financial industry directly impacts production growth. In this regard, tools such as Islamic bonds are used to help the production chain, deposit certificates are used to control inflation, and repurchase agreements are used to prevent borrowing from the central bank.
According to Mosbahgolam, currently, 27 supervisors are present in 27 banks of the country, leading to the expansion of Islamic banking education. Currently, the plans initiated by banks are subject to supervision, and resource attraction and allocation plans are reviewed to ensure compliance with Sharia principles.
