Current Account ( Business )

Current Accounts:

Our current accounts are designed to suit your everyday banking activities. These accounts are not entitled to receive profits without bearing any loss, ensuring that your funds are to be invested only in Shariaah compliant assets. With our current accounts, you can freely deposit or withdraw funds through cash tellers, by cheques, or at any Cihan Bank branch. These accounts have many features, including:

  • Account availability in Iraqi Dinar, USD, Euro.
  • Minimum Balance to open an account = IQD 300,000 Or 300$.
  • No return or profit
  • Service charges for opening account= IQD 5000.
  • IQD 7500 for cheque book 25 page
  • IQD 15,000 for cheque book 50 page
  • Service charges for opening current account in Iraqi Dinar= IQD 60,000.
  • Service charges for opening current account in Dollar = USD 50.

The required documents to open a new account are:

  • Article of association
  • minute of meeting
  • Administrative of directive or approval of company establishment resolution
  • Establishment certificate
  • Stamp of company
  • Letter of authorization
  • Copy of passport of authorization person
  • Business card