CBI dissolves Islamic Bank’s board

BAGHDAD / IraqiNews.com: The Central Bank of Iraq (CBI) decided on Monday to dissolve the Islamic Bank’s board of directors for violating laws of Iraqi banks. “The CBI will supervise the Islamic Bank through a committee until a new board is elected,” Modhihir Mohammed Salih, the Islamic Bank’s adviser, told IraqiNews.com news agency. He said that acts of the board’s head and his aides brought harm to the Islamic bank. MH (P)/SR 1