In line with the directives of the Central Bank of Iraq aimed at establishing clear and long‑term plans for the development of the banking sector, the Iraqi Islamic Commercial Bank seeks to enhance its business models based on a set of strategic indicators, the most prominent of which are:
- Continuing to expand the provision of cash and contingent credit facilities in accordance with the instructions of the Central Bank of Iraq and the approved Islamic finance policy, which is based on customers’ cash flows and the guarantees provided by them.
- Increasing the volume of investment deposits of all types to support the financing of other banking activities.
- Expanding the network of banking relationships through cooperation with local and international banks and financial institutions, in a manner that enhances the Bank’s commercial and financial objectives.
- Positioning the Bank as the primary banking destination for small and medium‑sized enterprises (SMEs), whether local, regional, or international entities operating in Iraq, through participation in major financing operations with sound economic feasibility.
- Maintaining and expanding the Bank’s investment policy in accordance with the provisions of the Investment Law No. (13) of 2006.
- Continuously rehabilitating and maintaining branches to keep pace with developments in banking operations.
- Continuing to introduce modern technological systems to enhance operational processes and the banking services provided to customers.
The Iraqi Islamic Commercial Bank is considered one of the leading banks in providing advanced electronic services. The most notable of these services include:
- Internet Banking: Enables customers to conduct their banking transactions from anywhere in the world without the need to visit branches, in addition to viewing account balances and accessing other related services.
- Cash Management and Payments for Corporates and Institutions: The Bank provides integrated solutions for salary payments, transfers, and the management of payments for institutions, companies, and their counterparties.
