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Elaf Islamic Bank Private Shareholding Company (Iraq)

Main Activities: Commercial Banking
Full name: Elaf Islamic Bank Private Shareholding Company Profile Updated: January 31, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Elaf Islamic Bank Private Shareholding Company, located in Baghdad, was incorporated as 'Al Baraka for Investment and Finance' in 2001 with an initial capital of IQD 2 billion. In 2007, the bank transitioned from conventional banking to Islamic banking and increased its capital to IQD 8 billion. Over the years, the bank has continued to increase its tangible equity share capital, reaching IQD 152 billion in 2012. The bank has no debt in its capital structure and maintains a risk-adjusted capital adequacy above the limit set by the Central Bank of Iraq and international guidelines. Elaf Islamic Bank is listed on the Iraq Stock Exchange (ISX) under the ticker BELF. The bank offers technologically advanced banking channels and maintains strong interpersonal relationships with its customers. It provides Shariah-compliant and customizable products and services to individuals, corporate clients, and financial institutions. The bank values high moral standards, integrity, and professionalism in its banking practices, considering not only its clients, shareholders, and peers but also the wider communities and the environment.

Headquarters
902 Kahramana Square Street 2-Building No.4, Al Wahda District
Baghdad; Baghdād;

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Website: http://www.eibiq.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2001
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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5%
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5%
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5%
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5%
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5%
Subsidiaries
Elaf Securities Trading
100%
Company Performance
Financial values in the chart are available after Elaf Islamic Bank Private Shareholding Company report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency IQD. Absolute financial data is included in the purchased report.
Net interest income
127.73%
Operating profit (EBIT)
51.27%
Net Profit (Loss) for the Period
40.01%
Total assets
-8.73%
Total equity
-6.9%
Total Assets Trend
N/A
Net Interest Income Trend
-380.45%

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