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
| 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 | |
| 1 | Mr. Ahmad Abdulkhaliq Ismael | General Manager |
| 2 | Mr. Ahmad Khalaf Shihab | Vice General Manager |
| 3 | Mrs. Naz Nawzad Yahya | Vice General Manager |
| 4 | Mr. Saadi Farman Nouri | Regional Director |
| 5 | Mr. Hisham Issa Alwan | Head of the Sharia Compliance and Compliance Monitoring Department |
| 6 | Mr. Mohammed Azad Yahya | Senior Executive Manager |
| 7 | Mr. Mahmud Sabah Yahya | Investment 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
