The Iraqi Islamic Bank for Investment and Development opened its door to the public on the 23rd Feb 1993 and was initially approved by the Iraqi Central Bank on the 19th Feb. 1992. Since its inception, the IIB was set to working according to the investment criteria and not according to fixed principles of profit-based standards of Islamic law, hence the bank’s main aim was and remains to contribute to the support and the development of national economy and its reconstruction through financial investment in various standard investment projects and opportunities, with its present banking dealings are all in accordance with the provisions of Islamic law.

And to achieve the work to spread the concept banking, which works to stimulate and attract savings to provide funding for the development of various economic sectors and contribute to strengthening the social development through the financial contribution to cover the filling of some social needs 0 Bank uses the latest global banking systems and keep pace with any updates thereto in order to walk side by side with evolution in the world and operates the bank to handle technical and electronic step advanced in the banking dealings in Iraq, an Iraqi post 100%.

Board of Directors

Mr. Ahmed W Ahmed, Chairman

Mr. Aza M Ameen, Deputy CEO

Mr. Ghalib A Ghalib, General Manager

Mr. Mahdi S Mahdi

Mr. Thaer H Al Naqeeb

Mr. Abdulsalam M Juwaied

IIB Community Commitment:

The IIB has contributed to the Iraqi Society as part of its effective push for the process of development and the fight against poverty through various subsidies provided the various sectors of society such as Students, Associations, Humanity and Charity for Orphans, and many Widows, based on the belief of the bank’s Directors and Management in providing a helping hand to the community, in line with the Quranic verse:
(Virtue, righteousness and piety and Ataaonowa in sin and transgression)