The Ledger

Al-Mal Islamic Bank for Investment (formerly Ur Islamic Bank)

This page sets out what the record shows about Al-Mal Islamic Bank for Investment (formerly Ur Islamic Bank). 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 أور الإسلامي / مصرف المال الإسلامي

$1.2m

bought from the Central Bank from 2012 to 2020, in the records that survive. This is a minimum.

Tier A

$5,819

the value of the gap between the official and the market price on the dollars it bought, which went to whoever received the dollars

Tier B

Name, licence and status

Name in English: Al-Mal Islamic Bank for Investment (formerly Ur Islamic Bank)
Name in Arabic: مصرف أور الإسلامي / مصرف المال الإسلامي
Other names: Ur Islamic Bank for Investment (مصرف أور الإسلامي للاستثمار)
Licensed on 9 December 2018. The name Al-Mal Islamic Bank is in use since about 2022.
Central Bank of Iraq[1][2]Wikipedia
Type: Islamic bank
Iraq Stock Exchange ticker: BMAL
Established: 22 December 2022
Licence: No. 845/3/9 of 9 December 2018
Regulatory measures: Barred from dollar dealing by the Central Bank (July 2023)
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

Being listed here records an ownership stake or a post at the bank. It is not an allegation. Next to each name is the exact legal status. Where the encyclopedia holds a record of the name, the status comes from that record. Otherwise it reads “Not charged as of the date of writing”.

Owners and managers
Name	Role	Share	As of	Legal status	Source
حيدر طالب علي	Chairman Shareholder	8.7498%	22 December 2024	Not charged as of the date of writing	Iraq Stock Exchange Iraq Securities CommissionCentral Bank of Iraq[1][2]mubasher.info
Atta Abdul Ridha Abdul Latif عطاء عبد الرضا عبد اللطيف	Vice-chairman	Not stated	30 September 2026	Not charged as of the date of writing	isc.gov.iq
Diaa Hadi Jawad ضياء هادي جواد	Managing director	Not stated	30 September 2026	Not charged as of the date of writing	isc.gov.iq
Mohammed Saad Mohammed محمد سعد محمد	Managing director	Not stated	30 September 2026	Not charged as of the date of writing	isc.gov.iq
Yusuf Ibrahim Kazem يوسف ابراهيم كاظم	Board member	Not stated	30 September 2026	Not charged as of the date of writing	isc.gov.iq
Samia Hamdi Yaseen سميعه حمدي ياسين	Board member	Not stated	30 September 2026	Not charged as of the date of writing	isc.gov.iq
Karam Hashim Dawood كرم هاشم داوود	Board member	Not stated	30 September 2026	Not charged as of the date of writing	isc.gov.iq
Aziz Obeid Jabr عزيز عبيد جبر	Board member	Not stated	30 September 2026	Not charged as of the date of writing	isc.gov.iq
Mustafa Ghalib Ali مصطفى غالب علي	Board member	Not stated	30 September 2026	Not charged as of the date of writing	isc.gov.iq
Anas Nidal Al-Safadi انس نضال الصفدي	Board member	Not stated	30 September 2026	Not charged as of the date of writing	isc.gov.iq
Jameela Abdul Zahra Ali جميله عبد الزهرة علي	Board member	Not stated	30 September 2026	Not charged as of the date of writing	isc.gov.iq
Dahham Mi’raj Hammadi دحام معراج حمادي	Board member	Not stated	30 September 2026	Not charged as of the date of writing	isc.gov.iq
Aqeel Razzaq Noman عقيل رزاق نعمان	Board member	Not stated	30 September 2026	Not charged as of the date of writing	isc.gov.iq
Abdul Razzaq Karim Mohsen عبد الرزاق كريم محسن	Board member	Not stated	30 September 2026	Not charged as of the date of writing	isc.gov.iq
Younis Ahmed Basheer يونس احمد بشير	Board member	Not stated	30 September 2026	Not charged as of the date of writing	isc.gov.iq
Ayman Abdul Sattar ايمن عبد الستار	Board member	Not stated	30 September 2026	Not charged as of the date of writing	isc.gov.iq
حسن عامر كاظم	Shareholder	9.7676%	22 December 2024	Not charged as of the date of writing	mubasher.info
عبد الحكيم عامر كاظم	Shareholder	9.0018%	22 December 2024	Not charged as of the date of writing	mubasher.info
سلام عامر كاظم	Shareholder	8.5581%	22 December 2024	Not charged as of the date of writing	mubasher.info
امنة عامر كاظم	Shareholder	8.4866%	22 December 2024	Not charged as of the date of writing	mubasher.info
حسين عامر كاظم	Shareholder	7.9229%	22 December 2024	Not charged as of the date of writing	mubasher.info
عطاء عبدالرضا عبداللطيف	Shareholder	7.622%	22 December 2024	Not charged as of the date of writing	mubasher.info
أحمد عبد الحكيم عامر	Shareholder	7.1055%	22 December 2024	Not charged as of the date of writing	mubasher.info
دعاء عبد الامير باقر	Shareholder	5.8155%	22 December 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.

Source: Central Bank of Iraq, daily records of the dollar sale, compiled from the verified rowsTier A

Dollars bought from the Central Bank
Year	Dollars bought	Cash	Transfers abroad	Share of the year's named sales	Refused	Value of the price gap
2019	$1.2m	$1.2m	$0	0.0%	Not stated	$5,819
Total	$1.2m	$1.2m	$0		Not stated	$5,819

Source: Central Bank of Iraq, daily records of the dollar sale, compiled from the verified rowsTier A

Source: the price gap is our calculation from the Central Bank's price and the market priceTier B

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

19 July 2023US Treasury and Federal Reserve Bank of New York (as reported)
Barred from dollar transactions (not announced; reported)
Against: 14 Iraqi banks (named in the Central Bank's list of 20 July 2023)
"The ban, which was imposed by the Treasury Department and the Federal Reserve Bank of New York, is part of a crackdown on the siphoning of U.S. currency to Iran" (Reuters summarising The Wall Street Journal).
Current position: See the Central Bank's list
Original
20 July 2023Central Bank of Iraq
Barred from the currency window and from dealing in dollars
Against: Al-Mustashar Islamic; Al-Qurtas Islamic; Al-Taif Islamic; Elaf Islamic; Erbil Bank; International Islamic; Iraq Trans (Trans Iraq) Bank; Mosul Bank; Al-Rajih Islamic; Sumer Commercial; Trust International Islamic; Al-Mal Islamic Investment Bank; World Islamic; Zain Iraq Islamic
The Central Bank's list gives the effective date as 20 July 2023.
Current position: Listed as of 4 February 2024; Mosul Bank named in July 2026 as one of seven banks cleared to return to non-dollar correspondent channels
Original

Sources

The documents behind this page, with the words quoted from each.

Iraq Stock ExchangeAccessed 25 September 2026Tier B
ISX 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 B
Iraq 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 B
المصارف 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 A
النشرة 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
WikipediaAccessed 25 September 2026Tier D
قائمة المصارف في العراق (Arabic Wikipedia list citing CBI licence pages, archived 2022)
مصرف أور الإسلامي للاستثمار | 2018 | 28404/3/9 في 2018/12/9
Original