{"id":30922,"date":"2026-01-07T13:49:31","date_gmt":"2026-01-07T19:49:31","guid":{"rendered":"https:\/\/dinarupdates.com\/observer\/?p=30922"},"modified":"2026-01-07T13:49:31","modified_gmt":"2026-01-07T19:49:31","slug":"sandy-ingram-311","status":"publish","type":"post","link":"https:\/\/dinarupdates.com\/observer\/?p=30922","title":{"rendered":"Sandy Ingram"},"content":{"rendered":"<p><strong><span style=\"color: #c23b3b;\">Sandy Ingram &#8211; Dinar Guru<\/span><\/strong><span style=\"color: #c23b3b;\">\u00a0\u00a0<\/span>\u00a0<u>Islamic banking and Western world banking&#8230;is really really different<\/u>&#8230;Western banking\u00a0systems are built on interest, debt, and guaranteed returns.\u00a0\u00a0<strong>While Iraq&#8217;s banking structure is largely based on\u00a0<u>Islamic finance\u00a0which prohibits interest and instead relies on risk sharing, asset backed transactions and real economic activity<\/u><\/strong><u>.<\/u>..The IMF, BIS\u00a0and global correspondent banks assume interest based lending, predictable loan structures and standardized repayment models.\u00a0<strong>\u00a0Islamic banking does not naturally fit into these assumptions&#8230;Because of this mismatch the Central Bank of Iraq cannot simply\u00a0adopt Western banking rules without risking serious instability&#8230;Instead the\u00a0<u>CBI must carefully redesign its banking framework to\u00a0operate within international systems while preserving Islamic banking principles<\/u>&#8230;This is why banking reform in Iraq is proceeding\u00a0more slowly than usual.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sandy Ingram &#8211; Dinar Guru\u00a0\u00a0\u00a0Islamic banking and Western world banking&#8230;is really really different&#8230;Western banking\u00a0systems are built on interest, debt, and guaranteed returns.\u00a0\u00a0While Iraq&#8217;s banking structure is largely based on\u00a0Islamic finance\u00a0which prohibits interest and instead relies on risk sharing, asset backed &hellip; <a href=\"https:\/\/dinarupdates.com\/observer\/?p=30922\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-30922","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p8gMgY-82K","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/30922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30922"}],"version-history":[{"count":1,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/30922\/revisions"}],"predecessor-version":[{"id":30923,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/30922\/revisions\/30923"}],"wp:attachment":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}