Services

It is paying money to another person to return it without increase or interest

Sharia-compliant deposits are Sharia-compliant financial instruments offered by the Commercial Bank of Iraq that allow customers to earn profits on the funds deposited with the bank.

A contract whereby a first party, the principal, authorizes a second party, the agent, to carry out investment operations in legitimate fields with an agreement on an expected profit margin.

Transferring what he owned in the first contract at the first price with an increase in profit. This means selling at an increase over the first price. Murabaha is considered one of the sales of trusts that depend on informing the buyer of the price of the commodity and its cost that was incurred by the seller and what his increase is. In it, the owner of the commodity (the seller) informs the buyer of how much he bought it for, and takes a profit from the buyer.

Mudaraba is an agreement between two parties, one of whom invests his money and the other invests his effort and activity in trading and working with this money, with the profit to be shared between them according to what they stipulate in a common percentage between them.

Banking facilities are the framework in which the bank provides financial facilities to its individual clients. Financial facilities are considered one of the most effective means that individuals need to finance their financial needs. There are three types of services:

The Commercial Islamic Bank of Iraq always seeks to provide the best by keeping pace with modern secure technical developments that allow the bank’s customers to benefit from these electronic banking services by simply communicating via the Internet using a personal computer or smartphone from anywhere in the world.

The Commercial Islamic Bank of Iraq offers a MasterCard debit card linked directly to the customer’s account with the bank in Iraqi dinars, and allows the customer to access his account 24 hours a day/7 days a week.