Under the patronage of the President of the Northern Technical University, Prof. Dr. Alia Abbas Ali Al-Attar, and under the supervision of Assistant Professor Dr. Ashti Mahdi Aref, Dean of the Kirkuk Technical Institute, the Department of Accounting Techniques organized a scientific course on “Islamic Banks and the Foundations of gaining.” The lecture was delivered in the course:

1. Dr. Atheer Hassan Ali / course director.
2. Instructor Dr. Aso Bahaa El-Din Qader / Head of Department.

The course dealt with the following:

The history of the establishment of banks in the Arab region and the idea of ​​establishing Islamic banks in order to fulfill the demand of the true Sharia to stay away from usurious transactions and to pay attention to socially and economically beneficial investment and to enter investment in trade, industry, and agriculture in a way that benefits the community and increases its welfare.

The importance of the course stems from the importance of banks in society and their management of economic resources in developing society and increasing its resources.

The course aims to:

1. Defining the advantages of Islamic banks over usurious banks.
2. The approval of Islamic banks, the true Sharia, and the forms of legitimate investments dealt with by Islamic banks.
3. Giving a practical example about Al Baraka Bank as one of the Islamic banks and the transactions it deals with.

The session came out with several conclusions, including:

Following the management of funds through Islamic banks leads to comprehensive social, cultural, and economic development.