Abu Dhabi Islamic Bank (ADIB Iraq)
This page sets out what the record shows about Abu Dhabi Islamic Bank (ADIB Iraq). It names the owners and managers, gives the dollars the bank bought from the Central Bank in the years whose records survive, lists the requests that the Central Bank refused and describes the action that regulators took against the bank.
مصرف أبوظبي الإسلامي
Name, licence and status
- Name in English
- Abu Dhabi Islamic Bank (ADIB Iraq)
- Name in Arabic
- مصرف أبوظبي الإسلامي
- Type
- Branch of a foreign bank (UAE)
- Licence
- No. 1740/3/9 of 6 October 2010
- Regulatory measures
- No sanction, ban or fine recorded as of the date of writing
Ownership
The Iraq Securities Commission page names no shareholder with about 10 per cent or more. The shareholder tables of the annual reports are not yet in the record.
Owners and managers
| Name | Role | Share | As of | Legal status | Source |
|---|---|---|---|---|---|
Abdulla Al Shehhi | Chairman | Not stated | 30 September 2026 | Not charged as of the date of writing | adib.iq |
H.E. Jawaan Awaidha Suhail Awaidha Al Khaili | Chairman | Not stated | 30 September 2026 | Not charged as of the date of writing | adib.ae |
Muhammed Al Qumbarji محمد اشرف القمبرجي | Managing director | Not stated | 30 September 2026 | Not charged as of the date of writing | cbi.iq |
Michael Murray | Board member | Not stated | 30 September 2026 | Not charged as of the date of writing | adib.iq |
Muhammed Al Qumbarji | Board member | Not stated | 30 September 2026 | Not charged as of the date of writing | adib.iq |
Afzal Khanani | Board member | Not stated | 30 September 2026 | Not charged as of the date of writing | adib.iq |
Osaid M. A. Kailani | Board member | Not stated | 30 September 2026 | Not charged as of the date of writing | adib.iq |
Mohammed Al Fahim | Board member | Not stated | 30 September 2026 | Not charged as of the date of writing | adib.iq |
Adnan Faour | Board member | Not stated | 30 September 2026 | Not charged as of the date of writing | adib.iq |
Talha Syed Karim | Board member | Not stated | 30 September 2026 | Not charged as of the date of writing | adib.iq |
Abu Dhabi Islamic Bank PJSC (ADIB, UAE)(company) ابو ظبي الاسلامي | Shareholder | 100% | 30 September 2026 | Not charged as of the date of writing | cbi.iq |
Emirates International Investment Company LLC(company) | Shareholder | 39.4% | 31 December 2025 | Not charged as of the date of writing | adib.ae |
Emirates National Bank of Dubai PJSC(company) | Shareholder | 6.78% | 31 December 2025 | Not charged as of the date of writing | adib.ae |
Dollars bought from the Central Bank
Dollars bought from the Central Bank, by year
In millions of dollars. Verified rows of the Central Bank's daily records.
| Year | Dollars bought | Cash | Transfers abroad | Share of the year's named sales | Refused | Value of the price gap |
|---|---|---|---|---|---|---|
| 2013 | $25.2m | $24m | $1.2m | 0.1% | $28.4m | $1.3m |
| 2014 | $14.8m | $14.8m | $0 | 0.0% | $5.2m | $362,297 |
| 2015 | $114.2m | $0 | $114.2m | 0.4% | $0 | $3.5m |
| 2016 | $194.4m | $0 | $194.4m | 0.7% | Not stated | $14.2m |
| 2017 | $644.4m | $0 | $644.4m | 3.2% | Not stated | $19.7m |
| 2018 | $580,000 | $0 | $580,000 | 0.4% | Not stated | $18,405 |
| Total | $993.6m | $38.8m | $954.8m | $33.6m | $39m |
Share of the year's named sales: the bank's part of all the dollars that the surviving records attribute to a named bank in that year.
Refused: the requests that the Central Bank's committee turned down. Its minutes survive only from January 2013 to February 2015. An empty cell means that no minutes survive for that year. The yearly figures come from the yearly ledger. The figure at the top of the page comes from the committee's minutes. The two can differ.
What the Central Bank refused
From January 2013 to February 2015 the Central Bank's committee recorded, day by day, which requests for dollars it turned down and why. Its minutes record 12 occasions on which the committee refused all or part of a request by this bank. On those occasions the bank asked for $40.4 million, and $33.6 million of it was refused.
The largest refusals
| Date | Asked for | Refused | The reason, as the committee wrote it | Category |
|---|---|---|---|---|
| 3 April 2013 | $4m | $4m | عدم وجود مخول ثاني وعدم وجود سكنر 1. لاغراض تدقيقية تتعلق بالزبون (punctuation adjusted) | Missing or defective documents; Held for audit |
| 8 May 2013 | $4m | $4m | مخالفة التعليمات وعدم وجود توقيع المخولين | Missing or defective documents |
| 28 August 2013 | $4m | $4m | لعدم ادراج اسم الام في القوائم المرفقة | Missing or defective documents |
| 4 September 2013 | $4m | $4m | سبب تكرار الاسماء في قوانم البيع | Same customer or name repeated |
| 23 October 2013 | $4m | $4m | عدم توقيع المدير المفوض على كتاب الشراء | Penalty on, or suspension of, the bank |
| date unreadable | $4m | $4m | تديم للمعاملة فى نفس يوم العزاد | Other |
| 21 November 2013 | $4m | $4m | عل اساجة الشرايا جوالرات شار في قوم قيح و | Other |
| 14 May 2014 | $4m | $4m | استبعاد بالكامل كون قيد التحويل RTGS استة ايام عمل وليس سبعة ايام عل وحسب التعليمات 588 في 2014/2/6 | Funds did not cover the request |
| 5 June 2014 | $4m | $1.2m | تم استبعاد مبلغ 1203 دولار استنادا لتعليمات البنك المركزي المرقم 19/3/9 لسنة 2014 الفقرة د-13 | Other |
| 20 March 2013 | $270,000 | $270,000 | مقدم في نفس اليوم | Other |
| 3 February 2013 | $97,000 | $97,000 | 1. تاريخ الاقرا يجب ان يكون مطابق لتاريخ التحويل وعدم وجود نسخة السويفت الخاصة بالاعتماد (punctuation adjusted) | Missing or defective documents |
| 19 February 2014 | $4m | $5,000 | لتكرار اسم واحد مع مصرف الاتحاد | Same customer or name repeated |
Each reason is quoted in Arabic, in the committee's words. Where a reason is marked “punctuation adjusted”, only its punctuation was changed. The category is ours.
Enforcement actions
No enforcement action against this bank is recorded here.
Sources
- Central Bank of IraqAccessed 25 September 2026Tier Bالمصارف الاهلية المحلية (Private local banks: licence numbers/dates, managers, status marks)
الأقليم التجاري للاستثمار والتمويل ( اميرالد سابقا ) ... 408/3/9 2007/3/1 | الهدى ( ممنوع من التعامل بالدولار ) ... 136/3/9 2008/1/14 | مصرف بابل ( تصفية ) ( ممنوع من التعامل بالدولار ) ... المصفي، د.أحمد عباس أحمد | دار السلام للأستثمار ( حراسة قضائية ) | الشمال للتمويل والاستثمار ( وصاية ) | الطيف الإسلامي للإستثمار… Read the rest
والتمويل ( وصاية )( ممنوع من التعامل بالدولار ) | المال الإسلامي للإستثمار ( ممنوع من التعامل بالدولار ) ... 845/3/9 في 2018/12/9(punctuation adjusted)Translation: Region Trade Bank for Investment & Finance (formerly Emerald) ... licence 408/3/9 of 1 Mar 2007 | Al-Huda (barred from USD dealing) ... licence 136/3/9 of 14 Jan 2008 | Babylon Bank (liquidation) (barred from USD) ... liquidator Dr Ahmed Abbas Ahmed | Dar Es Salaam (judicial receivership) | North Bank (guardianship) | Al-Taif Islamic (guardianship)(barred from USD) | Al-Mal Islamic (barred from USD) ... licence 845/3/9 of 9 Dec 2018
Original - Central Bank of IraqAccessed 25 September 2026Tier Bفروع المصارف الأجنبية التجارية والاسلامية (Foreign bank branches)
ملي ايران ( وصاية ) ( ممنوع من التعامل بالدولار ) ... 2650/3/9 2005/9/28 | بنك بارسيان ( وصاية ) ( ممنوع من التعامل بالدولار ) ... 46/3/9 2012/1/3 | بنك مياب ش.م.ل ( تصفية ) ... 11724/3/9 2014/8/7 | فرنسبنك ( تصفية ) | البحر المتوسط ( تصفيه ) | إنتركونتيننتال لبنان ( تصفية )
Original - Central Bank of Iraq23 October 2025Tier Aالنشرة الإحصائية السنوية / Annual Statistical Bulletin (2024 data; PDF created 23 Oct 2025), banks' establishment year, total assets, paid-up capital (pages 116 to 117) and ISX listing table (p.113)
Region Trade Bank for Investment 2007 1,051,981 300,000 مصرف الاقليم التجاري( اميرالد) | AL-Huda Bank 2008 412,604 250,000 | Erbil Bank 2010 | International Development Bank 2011 | Hammurabi Commercial Bank 2020 | Ur Islamic Bank 2018 334,815 250,000
Original
In the press
- 9 May 2017مصرف أبوظبي الاسلامي يحول نحو 60 مليون دولار بأربعة أيام في مزاد بيع العملة العراقيAl-Aalem Al-Jadeed | العالم الجديد