Journal of college of Law for Legal and Political Sciences

Abstract

The subject of transforming typical bank to Islamic bank is considered as one of the most important subjects that raises the attention of the specialists in banks sector whether they are researchers or clients or shareholders. For such a purpose, there is a special decision should be obtained. However, there is a matter should be referred to which is the legal framework, percentage and procedure required to get such a decision, such requirements are different from jurisdiction to another. In any case, joint stock company is the legal shape of the bank and the general assembly of the company issues such decision and special majority of votes is required to pass such a decision