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.