About Us

Welcome to Cihan Bank

Cihan Bank was established in February 2008 in accordance to the Iraqi Companies Law No 21-1997 and its amendments of 2004. The bank was opened on 01.04.2009 in its headquarter based in Erbil.

Cihan Bank is a fully Islamic bank which provides a wide range of Islamic banking products and services. We seek to present the best, accurate, and uniquely developed banking services compliant with the principles of Islamic Shariaah to our customers from government enterprises companies to individuals in the new Iraq including Kurdistan regional governorates.

Company Profile

Cihan Bank was incorporated in June 2008 in accordance to the Iraqi Companies Law No 21 of 1997 and its amendments of 2004. The bank was operative on 01.04.2009 in its headquarter in Erbil. Within a few months, we have expanded our network branches to Baghdad, Suleymania, Zakho, and Erbil. In order to serve our clients in the best way, we are planning to open branches in all the major cities in Iraq in the coming 10 years.

Cihan Bank is a member of Cihan Group which is one of the biggest groups in Iraq, having business lines in many fields as trading cars, construction, importing tea, education, media, insurance and general trading. For further information please go to www.cihan-group.com . Cihan Bank aims to provide clients with the best banking services, making sure to combine time-honored Islamic values with modern technologies. Whether governorate enterprise companies or individuals, our clients are offered a balanced banking experience with practical solutions to their financial needs.

The automated banking system is one of the most important parts in the bank. It enables the bank to deliver the best and fastest services to its clients. Cihan Bank’s core banking system, iMal, is one of the most spread systems among the Islamic banks. The system is certified by AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) which is the most reputed corporate body in Islamic Banking Sector.

Board of Directors

Chairman Mr. Azad Y. Bajger
Vice Chairman Suzan Sharif Mohammed
Member Nawal Jamal Abd Allah
Member Newroz Sallah Saeed
Member Mr. Aso Naser Aldeen Mohammed
Member Sazan Niyazi Shaker
Member Mr. Ahmad Abdulkhaliq Ismael

Senior Management

General Manager : Mr. Ahmad Abdulkhaliq Ismael
Deputy General Manager : Mr. Ahmad Khalaf
Deputy General Manager : Ms. Naz Bajger
Senior Executive Manager : Mr. Raheem Mariech
Executive Manager :
Executive Manager :
Executive Manager :

Our Vision

Our Vision is to be a leading financial institution that provides fully-fledged banking services compliant with Shariaah to contribute in the development of the society.

Our Mission

Our Mission is to translate Islamic financial principles into practical solutions that serve the human community.

Shariaa’ Committee

Our shariaa committee is consisted of professional people in this aspect in Iraq. And they are very well-known among the people living in the region. Our Shariaa committee members are:

  • Dr. Bashir Khalil Tawfiq
  • Seyd. Ahmad Seyd Abdulwahap
  • Dr. Abdulsattar Karin Saeed Sherwani
  • Lawyer Saman Burhan Sadiq
  • Lawyer Mustafa Mahmud Al Umaree

External Auditor

Our bank’s external auditors are:

  • Fayeq Majed Al Obaidi
  • Fayeq Hazraty Nawroz