Al-Janoob Islamic Bank for Investment & Finance
This page sets out what the record shows about Al-Janoob Islamic Bank for Investment & Finance. 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 الجنوب الإسلامي للاستثمار والتمويل
Name, licence and status
- Name in English
- Al-Janoob Islamic Bank for Investment & Finance
- Name in Arabic
- مصرف الجنوب الإسلامي للاستثمار والتمويل
- Type
- Islamic bank
- Iraq Stock Exchange ticker
- BJAB
- Established
- 13 January 2016
- Licence
- No. 1791/3/9 of 2 February 2016
- Regulatory measures
- Barred from dollar dealing by the Central Bank (January 2024); named in July 2026 among banks allowed back into non-dollar business (reported)
- Website
- www.jib-iraq.com
- Securities Commission page
- Iraq Securities Commissionisc.gov.iq
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 |
|---|---|---|---|---|---|
Chairman | Not stated | 30 September 2026 | Not charged as of the date of writing | isc.gov.iq | |
زهير عبد الكريم جبار | Vice-chairman | Not stated | 30 September 2026 | Not charged as of the date of writing | isc.gov.iq |
Bassam Dhiab Ahmed Al-Bitar بسام ذياب احمد البيطار | Managing director | Not stated | 30 September 2026 | Not charged as of the date of writing | isc.gov.iq |
عدي سعدي ابراهيم خليل | Managing director | Not stated | 30 September 2026 | Not charged as of the date of writing | isc.gov.iq |
د. ابتهال كاشد ياسر | Board member | Not stated | 30 September 2026 | Not charged as of the date of writing | isc.gov.iq |
د. علي عبد الاله | Board member | Not stated | 30 September 2026 | Not charged as of the date of writing | isc.gov.iq |
د. رجاء عزيز بندر | Board member | Not stated | 30 September 2026 | Not charged as of the date of writing | isc.gov.iq |
ثائر محي الدين | Board member | Not stated | 30 September 2026 | Not charged as of the date of writing | isc.gov.iq |
على فالح كاظم | Shareholder | 9.9% | 27 October 2024 | Not charged as of the date of writing | mubasher.info |
حسن فالح كاظم | Shareholder | 9.9% | 27 October 2024 | Not charged as of the date of writing | mubasher.info |
رائد حسن عباس | Shareholder | 9.9% | 27 October 2024 | Not charged as of the date of writing | mubasher.info |
رشا علي حسون | Shareholder | 9.672% | 27 October 2024 | Not charged as of the date of writing | mubasher.info |
هدى شغاتي كاظم | Shareholder | 9.36% | 27 October 2024 | Not charged as of the date of writing | mubasher.info |
سندس شغاتي كاظم | Shareholder | 9.36% | 27 October 2024 | Not charged as of the date of writing | mubasher.info |
يوسف حسن فالح | Shareholder | 6.17% | 27 October 2024 | Not charged as of the date of writing | mubasher.info |
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 |
|---|---|---|---|---|---|---|
| 2016 | $131.7m | $900,000 | $130.8m | 0.5% | Not stated | $11.3m |
| 2017 | $519m | $39.1m | $479.9m | 2.6% | Not stated | $22.9m |
| 2018 | $7.5m | $0 | $7.5m | 4.8% | Not stated | $238,855 |
| 2019 | $170.3m | $1.6m | $168.7m | 1.5% | Not stated | $833,107 |
| 2020 | $5m | $0 | $5m | 2.8% | Not stated | $162,602 |
| Total | $833.5m | $41.6m | $791.9m | Not stated | $35.5m |
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
The committee's surviving minutes, from January 2013 to February 2015, record no refusal for this bank.
Enforcement actions
- 29 January 2024Central Bank of IraqBarred from the currency window and from dealing in dollars
Against: Investment Bank of Iraq; Union Bank of Iraq; Kurdistan International Islamic Bank; Ashur International Bank; Al-Huda Bank; Al-Janoob Islamic Bank; Al-Arabiya Islamic Bank; Hammurabi Commercial Bank
The Central Bank's list gives 29 January 2024 as the date for all 8 banks. Reuters reported the ban on 4 February 2024.
Current position: Investment Bank of Iraq, Kurdistan International Islamic, Al-Janoob, Al-Arabiya named (anonymous Central Bank source) among seven banks cleared July 2026 to return to non-dollar correspondent channels
Original - 18 July 2026Central Bank of Iraq / US Treasury (understanding)Partial return: restricted banks allowed back into correspondent banking in currencies other than the dollar
Against: Seven restricted banks (named by an anonymous Central Bank source): Al-Janoob Islamic; International Development Bank; Mosul Bank; Al-Mashreq Al-Arabi Islamic; Investment Bank of Iraq; Kurdistan International (Islamic) Bank; Al-Arabiya Islamic
The Central Bank's statement confirms the understanding but does not name banks; names come from Asharq Bloomberg's anonymous Central Bank source. Access to dollars not yet restored as of the statement.
Current position: Pending eligibility for dollars
Original
Sources
- Iraq Stock ExchangeAccessed 25 September 2026Tier BISX company profiles (companyprofile.html) for 49 listed banks: establishing date, listing date, capital, managing director
e.g. BHAM مصرف حمورابي: تاريخ التأسيس 26/08/2020؛ تاريخ الإدراج 04/08/2024 | BTRI مصرف عبر العراق للاستثمار: تاريخ التأسيس 21/05/2006 | BLAD مصرف العطاء الاسلامي: تاريخ التأسيس 06/07/2006 | BBAY مصرف بابل: المدير المفوض احمد عباس احمد / الوصي
- Iraq Securities CommissionAccessed 25 September 2026 (the page does not show the dates of disclosure)Tier BIraq Securities Commission (هيأة الأوراق المالية) listed-company pages: 'النسب المؤثرة' (significant shareholdings) and 'أعضاء مجلس الإدارة' (board) for banks
مصرف الاتحاد العراقي ... النسب المؤثرة: 1 عقيل مفتن خفيف البيضاني 13% ... 3 محمد مفتن خفيف البيضاني 13% | أعضاء مجلس الإدارة: عبد الكريم ابراهيم علي رئيس مجلس الادارة ...
Translation: Union Bank of Iraq ... Significant holdings: Aqeel Meften Khafeef al-Baidhani 13%; Mohammed Meften Khafeef al-Baidhani 13% | Board: Abdul Kareem Ibrahim Ali, chairman ...
- 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 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