About us
Al-Baqie Islamic Bank is an Islamic financial institution aiming to provide Sharia-compliant banking services in Iraq. The bank distinguishes itself through a strong commitment to principles of justice, transparency, and social responsibility. It strives to offer innovative and diverse financial solutions to its clients.
Internet Banking Service
"It is a service that facilitates the customer to manage their bank account through the internet.
Features and Benefits
Changing the password for mobile banking application and internet banking service.
Knowing the latest foreign exchange rates, conversion rates, and conducting currency transactions.
Instantly transferring funds to your accounts and to other accounts at Al-Baqee Islamic Bank.
Information Technology
The Information Technology department is one of the most important departments in the bank and has many responsibilities. The department is responsible for managing all of the bank's systems.
The bank owns the banking system (BANKS), which is considered one of the latest systems in the field of global banking systems.
The bank owns the RTGS (Real-Time Gross Settlement) and ACH (Automated Clearing House) payment systems, and these systems have been developed by integrating them with the banking system.
The bank owns the SWIFT (Society for Worldwide Interbank Financial Telecommunication) system for external transfer operations.
The bank owns the WORDCHECK system for searching for customers on the blacklist.
The bank owns the Management Information System (MIS) to generate reports according to international accounting standards.
The bank owns electronic archiving systems and human resources resources.
The bank owns the credit inquiry system.
The bank owns the FATCA (Foreign Account Tax Compliance Act) system.
The Information Technology department works on introducing electronic payment systems (PAID-DEBIT ISSUING, PRE) through (VISA CARD).
Frequently Asked Questions
1How do I open a current account for my company at the bank, and what are the required documents?
Please visit one of the bank branches with the documents listed below:
For Individual Establishments:
Copy of the valid commercial registry.
2. Original personal ID (valid electronic card) for the owner.
3. Foreign residents require a copy of the passport and residence permit, along with an employment statement.
For Companies:
1. Copy of the certified founding contract from the relevant authorities.
2. Copy of the company establishment decision.
3. Copy of the latest version of the company's Articles of Association, certified by the relevant authorities.
4. Board resolution requesting the account opening, specifying the authorized individuals to manage the account and their powers.
5. Original personal ID (valid electronic card) for the owner and the authorized individuals to manage the account.
6. Completion of the bank's account opening forms.
7. The minimum account opening amount is 300,000 Iraqi Dinars or its equivalent in other currencies.
8. The current account can be opened in the local currency or any of the approved foreign currencies."
2Can I receive notification messages about transactions conducted on my company's account via mobile phone?
Yes, you can track the latest banking transactions conducted on your account by receiving short message service (SMS) notifications about the latest transactions on your account 24/7, wherever you are
