About the Bank

Bank Establishment

Iraqi Islamic Bank for Investment and Development was established on December 19, 1992, and began its operations with full authorization from the Central Bank of Iraq on February 23, 1993. Since then, the bank has been actively participating in the economic development and growth of the country.

Iraqi Islamic Bank leads the forefront of banks in Iraq, being the first Islamic bank operating according to Islamic Sharia principles and regulations. It has distinguished itself by innovating and developing banking transactions in line with the country's economic reality.

Iraqi Islamic Bank Logo

Capital and Growth

Since its establishment in 1992 with 126.4 million dinars, the bank has witnessed continuous growth in capital to reach 400 billion dinars in 2025. This growth reflects the great confidence of shareholders in the bank's strategy and future directions.

Iraqi Islamic Bank is considered one of the largest Islamic banks in Iraq in terms of capital and geographical spread, with an extensive network of branches and offices covering most Iraqi governorates.

Iraqi Islamic Bank Building

Our Vision

To be the leading Islamic bank in Iraq and the region, providing advanced and innovative banking services in accordance with Islamic Sharia principles, and effectively contributing to sustainable economic and social development.

Our Mission

We work to provide banking and investment solutions compliant with Islamic Sharia principles, meeting the needs of our individual, corporate, and institutional clients, while ensuring the highest standards of quality, professionalism, and transparency.

Our Values

Commitment to Islamic Sharia principles, integrity and transparency, innovation and continuous development, serving customers with the highest standards, social responsibility, and contributing to sustainable development.

Achievements and Awards

First Islamic Bank in Iraq

Established on December 19, 1992 and started operations on February 23, 1993

Strong and Growing Capital

Current capital 400 billion Iraqi dinars (2025)

Widespread Branch Network

Branches and offices in most Iraqi governorates to serve our customers

More than 32 Years of Experience

Pioneer in Islamic banking services in Iraq for more than 32 years

Commitment to Islamic Sharia Principles

The Iraqi Islamic Bank is committed to full compliance with Islamic Sharia principles in all its transactions and products. This is supervised through the Fatwa and Sharia Supervisory Board, composed of a select group of scholars specialized in Islamic financial jurisprudence.

The Board reviews and monitors all banking operations and products to ensure their compliance with Islamic Sharia principles, and issues the necessary fatwas and guidance to ensure the integrity of transactions from a Sharia perspective.

Commitment to Islamic Sharia

Important Documents

Financial Statements

View the annual financial reports and audited financial statements of the bank from 2011 to 2024

View Financial Statements

Strategic Plan

Learn about the bank's vision and strategic plans for growth and development in the future

Board of Directors Members

Learn about the bank's board of directors members and their distinguished banking and professional experience

Anti-Money Laundering and Terrorism Financing Policy

Learn about the bank's policies in combating money laundering and terrorism financing and compliance with international sanctions

Documents You May Be Interested In

View important documents and policies of the Iraqi Islamic Bank for Investment and Development

Board Meeting 2025

Minutes of the Fatwa and Sharia Supervisory Board meeting for 2025

View Document

Related Parties Operations Management Policy

Policies and procedures followed in dealing with related parties

View Document

Whistleblowing Policy for Publication

Procedures for reporting violations and improper practices

View Document

Disclosure, Transparency and Conflict of Interest Policy

Policies related to transparency, disclosure and prevention of conflicts of interest

View Document

Authority Policy and System

The authority and signature system adopted in the bank

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Professional Conduct Rules

Rules and standards of professional conduct for bank employees

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Rewards and Incentives Rules and Policies

The system for rewards and incentives and rules for their application to employees

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Summary of Board Committees Charters

Summary of charters of committees emanating from the board of directors

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Board of Directors Charter

Charter and authorities of the Iraqi Islamic Bank Board of Directors

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Contact Us

Al-Mansour - Baghdad - Iraq

14 Ramadan Street

+964 772 100 0122

+964 782 100 0122

Quick Phone: 6566

+964 1 542 4042

info@iraqiislamicb.iq

www.iraqiislamicb.iq

P.O. Box: 6003

Banking Awareness Department: 009647802800999

Bank SWIFT: IRIBIQBAXXXP

Strategic Plan

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Board of Directors

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Ahmed Waleed Ahmed

Chairman of the Board / Principal Member
Bachelor's in Financial and Banking Accounting
Experience in banking business management and financial policies
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Humam Thamer Kadum

Managing Director / Principal Member
Bachelor's in Commercial and Banking Sciences
Comprehensive experience in banking and financial business
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Iyad Salem Ahmed

Deputy Chairman of the Board / Principal Member
Bachelor's in Accounting + Certified Public Accountant and Auditor
Experience in accounting, auditing and financial management
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Al-Maseer International Insurance Company

Represented by: Arjwan Fadel Hameed

Independent Member / Principal Member
Bachelor's in Financial and Banking Sciences
Experience in banking and credit work
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Nagham Hassan Aziz

Principal Member / Independent

Female Member of the Board of Directors

Bachelor's in Translation - Al-Mustansiriya University
Banking experience at Rafidain Bank
Chairman of Nomination and Remuneration Committee
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Ihsan Ali Kazem

Principal Member / Independent

Civil Engineer

Bachelor's in Civil Engineering
Manager of Ishtar Oil Services Company
Banking experience at Iraqi Investment Bank
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Dr. Yasser Ibrahim Al-Mimar

Principal Member / Independent

Digital Transformation and Innovation Expert

PhD in Digital Transformation and Innovation
CEO - Oliras Technology
Chairman of IT Governance Committee
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Safwa Islamic Bank - Jordan

Represented by: Wael Osama Mohammed Al-Bitar

Principal Member / Non-Independent
Master's in Business Administration
Head of Treasury and Investment
30+ years experience in banking sector
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Amer Abdul Jawad Al-Jazairi

Principal Member / Independent

Legal Accountant and Auditor

50+ years experience

Advanced studies in Accounting and Auditing License
Chairman of Audit Committee
Legal Accountant since 1981
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Dr. Raad Mahjoub Musleh

Alternate Member / Independent

PhD in Organic Chemistry

Academic and Chemical Industries Expert

Professor at University of Baghdad and Tafila
Assistant Secretary General of Arab Union for Chemical Industries
Dean at Arab Private University
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Ali Abdul Aziz Ali Ahmed

Alternate Member / Independent

Bachelor's in Law

Retired Government Expert

Experience in Council of Ministers
Director of Human Resources and Inspection
Director of Legal Department
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Mohammed Abdul Rahim Abdullah

Alternate Member / Independent

Master's in International Business

25+ years international experience

Executive Manager - Plus Strategic Investments Company
Experience in United Arab Emirates
Financial Brokerage and Investment Expert
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Dr. Samir Atta Makki

Alternate Member / Independent

Professor (PhD) in Physics Sciences

Retired Professor

Director General of Scholarships and Cultural Relations Department
Acting Dean of College of Education - University of Baghdad
Head of Physics Department - College of Education for Sciences
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Member Details

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