Comprehensive information about banking and investment systems and policies
Comprehensive information about capital structure and investments
400 billion dinars in 2025
Growth rate since 2009
Period of continuous growth
The bank has witnessed continuous capital growth since its establishment in 1992 with 126.4 million dinars, reaching 325 billion dinars in 2024, and reaching 400 billion dinars in 2025
The continuous growth in the capital of the Iraqi Islamic Bank for Investment and Development reflects the strength of the institution and the confidence of shareholders and investors. The capital has witnessed accelerated growth from 126.4 million dinars at establishment in 1992 to reach 325 billion dinars in 2024, and reaching 400 billion dinars in 2025, which reflects the bank's successful strategy in expansion and strengthening its position in the Iraqi banking market.
Commitment to anti-money laundering and terrorism financing regulations
The Iraqi Islamic Bank places top priority on strict compliance with Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) and full adherence to international sanctions, in line with applicable regulations issued by the Central Bank of Iraq and international standards and best practices, including FATF recommendations.
The bank adopts a strict sanctions compliance approach based on Zero Risk Tolerance for violations of local and international sanctions regulations.
The bank utilizes electronic screening systems for names and beneficiaries with automated processing
The bank is committed to the highest levels of transparency and integrity, and believes AML/CFT and sanctions compliance is a collective responsibility starting from the Board of Directors and extending to all employees, reinforcing a strong culture of compliance.
Commitment to the Foreign Account Tax Compliance Act
It is a law enacted by the United States government in 2010 that came into effect on July 1, 2014. The law aims to combat tax evasion by American citizens who own accounts and financial assets outside the United States by requiring foreign (non-American) financial institutions to report on them to the American tax authority.
It is any account belonging to an American person (whether natural or legal), or belonging to a foreign institution/company owned by an American person with more than 10% of shares or capital stakes, whether directly or indirectly.
For more information about FATCA law, you can visit the American tax authority website:
www.irs.govFoundations and standards of corporate governance in banking
This guide contains comprehensive foundations and standards for corporate governance in banking, aimed at enhancing transparency and accountability and ensuring compliance with international standards.
Formation, powers and responsibilities of the Board of Directors
Frameworks and mechanisms for banking risk management
Standards for transparency and financial disclosure
Commitment to banking laws and regulations
To view the complete version of the Corporate Governance Guide for Banks