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


What are the types of Sharia-compliant fixed deposits offered by the Islamic Commercial Bank of Iraq?

1- Mudaraba Deposits

Based on the Mudaraba structure whereby the customer and the bank enter into a partnership to share profits that are compatible with the provisions of Islamic law.

Flexible deposit periods range from 1, 3, 6, 9, 12, etc.

2- Wakala Deposits

Based on the Wakala structure whereby the bank appoints the bank as your agent to invest the funds in profit-generating assets that are compatible with the provisions of Sharia and thus achieve the expected income.

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