Who We Are
Altaif Islamic Bank’s establishment was built on the idea that economies are bolstered only when the
people themselves are inspired. Innovation, cooperation, and good-will are all essential qualities for
growing economies, and TIB aspires to support these qualities with our entrepreneur-friendly financial
services that customers can intuitively and transparently access and manage. Our services were made
with your desires in mind, attending to your vision of setting up your own café, creating a unique
clothing brand, or simply owning a saving account to save up for your dream vacation.
Before our ambitious pursuit for absolute customer satisfaction, Altaif was first established as a limited
liability company, with a nominal capital of USD$85,000 (incorporation certificate no. Msh 2392,
2006/1/8). As a growing company, Altaif was later registered as a private joint stock company with
capital of USD$420,000 (department letter no. 10461, 2006/7/19), engaging in money transfers after
obtaining a license issued by the Central bank of Iraq (letter no. 2637/3/9, 2007/9/19). As Altaif grew
and expanded its services, we had the fortune of being a favorable company for investors, both Iraqi and
international. Eventually, Altaif was granted bank status by the Registration of Companies Department
(5487) on 2018/2/19, with capital of USD$85,000,000. From there, we tirelessly worked to develop a
young bank to fit the services of all our clients.