Origins of the bank:
Based on the verse that separates the lawful from the forbidden (and God permits sale and forbids usury), and believing in the lofty message of Islam in the economy based on justice
and participation, and with commercial, investment and financial banking competence, backed by distinguished banking experiences,
the Arab Islamic Bank began practicing its banking business in accordance with the provisions of Islamic Sharia On 10/2/2016,
the bank was established and practiced its activities based on the provisions of Article (4) of the Central Bank of Iraq Law No.
(56) of 2004 and Article (4) of the Banking Law No. (94) of 2004 and Article (3) of the Bank Law. Islamic No. (43) for the year 2015,
according to the license numbered 9/3/9847 on 6/20/2016.