ACCOUNTING BASE PROPOSAL CONSIDERING EXPRESSING THE ISLAMIC BANK FINANCIAL DATA IN IRAQ AND THEIR ROLE WITHIN GLOBALIZATION

The idea of establishing Islamic banks is considered as the most recent call by Muslimbusinessmen in the Islamic World. After their realization of the role played by suchestablishments in developing the Muslim societies, through various important tasks of nontraditionalfunctions carried out by commercial Banks.Thus, the Islamic banking work became a reality and successful experiment performingits role in facilitating production, enhancing the capital energy, collecting savings anddirecting funds towards the various investments channels through utilizing the untraditionalmethods in accordance with the Islamic code. Thus, it paves the scientific path in order toprovide a stable life for the Islamic nation individuals and strengthening their economies.So, the situation requires to have a look at these banks and their future in the light ofglobalization existence and its effect upon the financial and economical aspects of whichthis phenomenon is trying to draw the futures image through returning to the adoption ofcapitalist ideas and abandoning any other ideas like democracy and the social justiceprinciples.