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IRAQ'S CORRUPTION
العربية
The Ledger

Albaraka Türk Katılım Bankası (Erbil branch)

This page sets out what the record shows about Albaraka Türk Katılım Bankası (Erbil branch). 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.

بنك البركة التركي

$6m
bought from the Central Bank from 2012 to 2020, in the records that survive. This is a minimum.
Tier A
$125,926
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
Albaraka Türk Katılım Bankası (Erbil branch)
Name in Arabic
بنك البركة التركي
Type
Branch of a foreign bank (Turkey)
Licence
No. 1695/3/9 of 4 April 2011
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

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
NameRoleShareAs ofLegal statusSource
Houssem Ben Haj Amor
Chairman
Not stated
30 September 2026
Not charged as of the date of writingalbaraka.com.tr
ارمغان اوغور بايرام
Managing director
Not stated
30 September 2026
Not charged as of the date of writingcbi.iq
Malek Khodr Temsah
Managing director
Not stated
30 September 2026
Not charged as of the date of writingalbaraka.com.tr
Albaraka Türk Katılım Bankası A.Ş. (Turkey)(company)
البركة التركي الاسلامي
Shareholder
100%
30 September 2026
Not charged as of the date of writingcbi.iq
Al Baraka Group B.S.C. (Bahrain)(company)
Shareholder
53.39%
31 August 2026
Not charged as of the date of writingalbaraka.com.tr

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
YearDollars boughtCashTransfers abroadShare of the year's named salesRefusedValue of the price gap
2014$6m$0$6m0.0%$0$125,926
Total$6m$0$6m$0$125,926
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

No enforcement action against this bank is recorded here.

Sources

The documents behind this page, with the words quoted from each.
  1. 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
  2. Central Bank of IraqAccessed 25 September 2026Tier B
    فروع 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
  3. 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