The Islamic Cooperation Investment Bank is one of the leading financial institutions in Iraq, offering a comprehensive range of financial services compliant with Islamic Sharia principles. The bank focuses on innovation and digital transformation to meet customer needs and promote financial inclusion in the country.
The bank was established with the aim of providing banking and investment services in accordance with Sharia principles, operating under the supervision of the Central Bank of Iraq and in compliance with Iraqi Banking Law No. 56 of 2004 and the Islamic Banks Law No. 43 of 2015. The bank strives to support the national economy by offering innovative and advanced financial solutions to meet the needs of both individuals and businesses.
Banking Services Provided
The Islamic Cooperation Investment Bank offers a comprehensive range of banking services, which include:
First: Retail Banking Services
- Account Opening: Providing current and savings accounts compliant with Sharia law.
- Personal Murabaha Financing: Offering financing solutions to individuals based on Islamic finance principles.
- Bank Cards: Issuing MasterCard to meet various customer needs.
- Digital Services: Providing online banking applications and services to facilitate banking transactions.
Second: Corporate Banking Services
- Project Financing: Offering financing for small and medium-sized enterprises (SMEs) based on Islamic principles.
- Documentary Credits: Providing documentary credit services to support business operations.
- Bank Guarantees: Issuing bank guarantees to meet corporate needs.
- Transfers: Offering internal and international transfer services through systems such as ACH, RTGS, and SWIFT.
Third: Private Banking Services
- Fixed Deposits: Offering fixed deposit options that comply with Sharia law.
- Islamic Certificates of Deposit: Providing Islamic certificates of deposit in compliance with Sharia principles.
- Gold Pledge Services: Offering gold pledge services as collateral for financing.
Branches and Locations
The bank operates a network of branches across various Iraqi provinces, including:
- Baghdad: Karrada Kharej, Masbah Intersection.
- Kadhimiyah: Kadhimiyah Branch.
- Erbil: Erbil Branch.
- Sulaymaniyah: Sulaymaniyah Branch.
- Kut: Kut Branch.
- Diwaniyah: Diwaniyah Branch.
- Najaf: Najaf Branch.
- Karbala: Karbala Branch.
- Basra: Basra Branch.
- Tehran: Milad Branch.
The bank also provides services through an integrated network of ATMs across these cities, ensuring round-the-clock access to banking services.
Bank’s Commitment
The Islamic Cooperation Investment Bank demonstrates a strong commitment to providing high-quality and Sharia-compliant banking services, with a focus on innovation and meeting customer needs in Iraq. Through expanding its branch network and offering advanced digital solutions, the bank aims to strengthen its role in supporting the Iraqi economy and providing reliable and distinguished financial services.
For more information, visit the official bank website: www.icb-fi.iq
