Raed Hussein

International Islamic Bank - المصرف الدولي الإسلامي

Whilst the global banking industry is constantly evolving, and the need to catch up with all the technological progress occurring worldwide. IMTB (International Islamic Bank) has sought after installing a suitablefoundations by being the first Financial institution to provide comprehensive and innovative Islamic financial solutions to serve all society segments and its institutions, in addition to provide integrated banking products and services that meets the Iraqi market requirements by appointing effective management frameworks and advanced technology systems. Moreover, IMTB did manage to obtain a certificate of (ISO/ITC 20000-1:2011 and ISO/IEC 27001:2013), hence IMTB pursue to include all banking operations and services provided under the provisions of the law, on combating money laundering and financing of Terrorism Act No. 39 of 2015. Also the application of (Basel I and Basel II) in preparation to acquire (Basel III) according to the Central Bank of Iraq (CBI) plan. forth, IMTB keeps in pace with all the fields associated with the banking sector, and always seeks to possess the most advanced systems manufactured by a reliable Fintech companies guaranteeing Safety Speed and Precision. Bank Services: 1 - Opening Bank Account: - Saving Accounts. - Current Account. - Investment Account. 2 - Issuance of Sukuk 3 - Internal Remittances:- - RTGS (Real-time gross settlement) is a high-value transaction - CT (Credit Transfer) for small amount system for low-value transaction 4 - ACH (Automated Clearing House) electronic funds-transfer system. 5-Installing point of sale (POS) for all kind of commercial business and governmental facilities That works with (Tax Payment System). Islamic Services: 1-Murabaha for: •Commercial motor vehicles •Students (College tuition) •Jewelry mortgaging •Women •Hajj & Umrah •CBI (1 Trillion IQD) to Support small and medium businesses 2.Mudarabah 3.Ijarah 4.Istisna 5.Bai Al Salam 6.Qardh Al Hasan