Cihan Bank

Welcome to Cihan Bank for Islamic Investment and Finance, a leading pillar of the Iraqi banking sector and a trusted partner in the nation's economic development. Established in June 2008 as a private shareholding company and a proud member of the renowned Cihan Group, we have dedicated ourselves to providing innovative, Sharia-compliant financial solutions. Since beginning operations on April 1, 2009, we have grown into a prestigious financial institution that combines time-honored Islamic values with modern banking technology to serve individuals, corporations, and government entities across Iraq.
Who We Are
Cihan Bank was founded with a clear vision: to introduce a new standard of Islamic banking to the region. Licensed by the Central Bank of Iraq (CBI), we operate with a paid-up capital of 255 Billion IQD, positioning us as one of the most capitalized and financially sound private banks in the country.
As part of the Cihan Group—one of the largest conglomerates in Iraq with interests in automotive, construction, education, and insurance—we bring decades of business excellence and stability to the financial sector. We are committed to financial inclusion, serving as a key participant in the "My Account" (Tawteen) project to digitize salary payments for the Kurdistan Regional Government and beyond.
Our Leadership
Mr. Azad Yahya Saeed Bajger
Chairman of the Board of Directors
Mr. Ahmed Abdulkhaleq Ismail
Chief Executive Officer (CEO)
Under the guidance of our distinguished Board of Directors and Executive Management, Cihan Bank pursues a strategy of "First Innovation." Our leadership is dedicated to adopting international best practices, investing in digital transformation, and expanding our footprint to ensure every Iraqi citizen has access to fair and transparent banking services.
Our Mission & Vision
Our Vision
To be a prestigious Islamic financial institution offering innovative, Sharia-compliant financial solutions that foster community sustainability and financial inclusion.
Our Mission
To be the privileged banking partner for our customers, counterparts, and strategic partners by adding value through creativity, integrity, and excellence.
Our Services
We offer a diverse portfolio of products designed to meet the unique needs of our clients, all fully compliant with Islamic Sharia principles:
Corporate Banking: Tailored financing for projects, Murabaha, Letters of Credit (LCs), and Letters of Guarantee (LGs) to support trade and infrastructure.
Retail Banking: A wide range of personal accounts, auto finance (Car Murabaha), and housing finance options.
Digital Banking: Experience seamless banking with our mobile app, internet banking, and real-time SMS notifications.
Money Transfer: Fast and secure local (RTGS/CT) and international transfers via our extensive SWIFT network.
Network & Reach
Headquartered in Erbil, Cihan Bank operates a growing network of 12 branches spanning the Kurdistan Region and Federal Iraq, including:
Major Cities: Erbil, Baghdad, Basra, Sulaymaniyah, Duhok, Kirkuk, Mosul, and Zakho.
Global Connections: We maintain strong correspondent banking relationships with major financial institutions in the UAE, Turkey, Jordan, and Lebanon, facilitating smooth international trade for our clients.
Our Core Values
Sharia Compliance: We strictly adhere to Islamic laws in all transactions, overseen by a dedicated Sharia Board.
Integrity & Transparency: We manage your financial interests with the highest ethical standards.
Innovation: We constantly adopt the latest technologies to improve customer experience.
Sustainability: We are committed to social responsibility and supporting the long-term economic health of our community.