1 Elaf Islamic Bank
2 International Development Bank
3 Cihan Bank
4 National Islamic Bank of Iraq
5 Al-bilad Islamic bank
6 Arab-Bank
7 Al Baraka Bank
Trading
List of Islamic Banks in Iraq
Published by Gbaf News
Posted on April 5, 2013
1 min read· Last updated: November 28, 2018
Key Takeaways
- Iraq hosts a growing number of Sharia‑compliant Islamic banks offering diverse services.
- Elaf Islamic Bank, Cihan Bank, International Development Bank, and Iraqi Islamic Bank are major Islamic banks in Iraq.
- These banks operate across key cities like Baghdad, Erbil, Sulaymaniyah, and Basra, serving both retail and corporate clients.
- They offer Islamic finance products such as Murabaha, Mudarabah and investment solutions.
- Banks are regulated by the Central Bank of Iraq and supported by Sharia boards for compliance.
References
Frequently Asked Questions
What are some Islamic banks in Iraq?
Notable Islamic banks in Iraq include Elaf Islamic Bank, Cihan Bank, International Development Bank, and Iraqi Islamic Bank for Investment and Development.
Where do these banks operate?
They operate across major Iraqi cities, including Baghdad, Erbil, Sulaymaniyah, and Basra.
What Sharia‑compliant products do they offer?
They provide Islamic finance products such as Murabaha, Mudarabah, investment certificates, current and savings accounts.
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