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.

Our Correspondent Banks

We execute international transactions like LC, LG, Treasury and the remittances to all around the world through our Correspondent Banks network by SWIFT using OFAC list filtering. The list of Cihan Bank’s correspondent banks is as the following:

Isbank Bahrain
Al Baraka Islamic Bank
Ithmar Bank

Aktif Bank
Albaraka Turk Bank
Kuveyt Turk Bank
Ziraat Bank
Halk Bank
Turkiye Vakiflar Bank
Nurol Bank
Asya Katılım Bank
Ziraat Katılım Bankası
Yapi Kredi Bank
Burgan Bank
Pasha Bank
Akbank T.A.Ş

Credit Lebanese Bank
Fransa Bank
Byblos Bank Europe
First National Bank
Banque Libano Francaise
Bank of Beirut S.A.L
Byblos Bank
IBL Bank

Housing Bank for Trade &
Bank Aletihad
Invest Bank
Jordan Commercial Bank
Jordan Ahli Bank
Capital Bank of Jordan
Safwa Islamic Bank

Banque Misr Duba
Abu Dhabi Islamic Bank
Arab African Int Bank Dubai
Emirates NBD Bank
Kuveyt Turk – Dubai

U.B.A.F. France
Fransa Bank France SA

Zhejiang Chouzhou Bank

Bank Misr

U.B.A.F. Japan

NIB Bank Limited
Bank AlHabib Limited

Unicredit Tiriac Bank

Sri Lanka
Commercial Bank of Ceylon PLC

PJSC (Bank Credit Dnepr)

Board of Directors

Name Position
1 Mr. Azad Yahya Saeed Bajger Chairman
2 Mr. Saman Burhan Sideeq Vice-chairman
3 Mr. Ahmad Abdulkhaliq Ismael Member
4 Mr.  Saleh Muhamad Mahmood Member
5 Mrs. Taban Abdulkhaliq Ghareb Member
6 Mr. Ali Jamal Amin Member
7 Mr. Mariwan Tahsin Ahmad Member

Shari'a Committee

Name Position
1 Dr. Abdulsattar Karinm Saeed Head of the committee
2 Seyd. Ahmad Seyd Abdulwahap Member
3 Mr. Mostafa Mahmud Ahmed Member
4 Dr. Mahmud Muhammad Ali Amin Member
5 Dr. Zaid Yassin Suleiman Member

Senior Management

 Name Position
1Mr. Ahmad Abdulkhaliq IsmaelGeneral Manager
2Mr. Ahmad Khalaf ShihabVice General Manager
3Mrs. Naz Nawzad YahyaVice General Manager
4Mr. Saadi Farman NouriRegional Director
5Mr. Hisham Issa AlwanHead of the Sharia Compliance and Compliance Monitoring Department
6Mr. Mohammed Azad YahyaSenior Executive Manager
7Mr. Mahmud Sabah YahyaInvestment 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.

External Auditor

Our bank’s external auditor is:  Dilshad Tutunchu