Elaf Islamic Bank was incorporated as 'Al Baraka for Investment and Finance' in the year 2001 with an initial capital of Iraqi Dinar (IQD) 2 billion. The Bank transformed its operation to Islamic Banking from Conventional Banking in 2007 with an increase in capital of IQD 8 billion. In the subsequent years, the tangible equity share capital was augmented to IQD 20 billion in 2009, IQD 50 billion in 2010, IQD 100 billon in 2011 and IQD 152 billion in 2012.
Retail Banking We offer Shariah compliant banking and financing services at our branches.Read More
Commercial Banking We welcome all body corporate to avail our Shariah compliant banking and financing services.Read More
Finance Facilities We offer bespoke products that suits your needs based on Shariah principles.Read More
Treasury Services Our treasury products range from foreign currencies spot to forwards as required by you.Read More
International Banking we offer our services in international banking to the benefit of our clients.Read More