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Welcome to Elaf Islamic Bank, We are licensed under Central Bank of Iraq with Paid-up Capital of IQD 50 billion and to be increased to 100 billion by 1st Qtr of 2011.

Elaf  Islamic Bank, is a private shareholding company, was incorporated in the year,  2001 , during that time the bank was known with the name “Al Baraka for Investment & Finance Bank” and its initial paid up capital was  IQD 2 billion. Later in the year 2008 the bank transformed its operation structure from Conventional to Islamic banking and also changes its name to “Elaf Islamic Bank” with an increased paid up Capital of IQD 8 billion, with a view to tap significant funds of Islamic Investors in Iraq seeking Shari’ah compliant investments. Originally, the bank was promoted by a group of high net worth businessman’s from a reputed business community from IRAQ .

 
 

 What is Online Security?

 These days, damaging threats like viruses, adware, spyware, scum ware, hacker attacks and even identity theft and fraud are a common occurrence. A recent survey suggested that people are generally more concerned about their online security & Internet safety than they are about their cars being broken into. What does this tell us?               Read More ….

About Central Bank of Iraq

The primary objectives of the Central Bank of Iraq (CBI) is to ensure domestic price stability and foster a stable competitive market based financial system. The CBI shall also promote sustainable growth, employment and prosperity in Iraq. The functions of the CBI in addition to achieving its primary objectives     Read More ….