Al-Bilad Islamic Bank for Investment and Finance P.S.C.
This page sets out what the documents in this archive record about this company: the legal status on the date shown, the cases, the official registers and the sources.
Legal status as of 4 October 2026
Placed on a government sanctions list. An official act, not a court judgment.
What the documents say
Designated by OFAC 15 May 2018 as owned or controlled by Aras Habib Kareem. Central Bank of Iraq separately barred it from buying and selling foreign currency (2018). Still on the OFAC SDN list as of September 2026 (aliases include Al-Ataa/Al Attaa Islamic Bank).
- Kind
- Company
- Roles
- Privately owned Iraqi bank
Cases
| Case | Role | Status in this case | Detail | As of |
|---|---|---|---|---|
| Al-Bilad Islamic Bank and its owner Aras Habib Kareem: US terrorism-finance designation for moving IRGC-Qods Force funds through Iraq's banking system (2018) | Privately owned Iraqi bank | Under sanctions | Designated by OFAC 15 May 2018 as owned or controlled by Aras Habib Kareem. Central Bank of Iraq separately barred it from buying and selling foreign currency (2018). Still on the OFAC SDN list as of September 2026 (aliases include Al-Ataa/Al Attaa Islamic Bank). | 28 September 2026 |
In the registers
Sanctions
| Date | Authority | Action | Reason given | Document |
|---|---|---|---|---|
| 15 May 2018 | US Treasury (OFAC) | Designation Executive Order 13224 (Specially Designated Global Terrorist); Linked To: Kareem, Aras Habib | “Al-Bilad Islamic Bank is being designated for being owned or controlled by Aras Habib.” | Original |
| 29 October 2020 | US Treasury (OFAC) | Change to the listing Executive Order 13224 (Specially Designated Global Terrorist); Linked To: Kareem, Aras Habib | Original |
Documents
- US Department of the Treasury15 May 2018Government statementTier A
Treasury Targets Iran's Central Bank Governor and an Iraqi Bank Moving Millions of Dollars for IRGC-Qods Force
OriginalSHA-256 663cbbc67b18Aras Habib enabled the IRGC-QF's exploitation of Iraq's banking sector to move funds from Tehran to Hizballah, jeopardizing the integrity of the Iraqi financial system.
- US Office of Foreign Assets Control (OFAC)15 May 2018Sanctions noticeTier A
Counter Terrorism Designations; Iran Designations (Recent Actions 20180515)
OriginalSHA-256 f8fe831cb06cKAREEM, Aras Habib ... Iraq; DOB 06 Aug 1967; POB Iraq; ... [SDGT] [IRGC] [IFSR] (Linked To: ISLAMIC REVOLUTIONARY GUARD CORPS (IRGC)-QODS FORCE).
- Kurdistan2417 May 2018Press reportTier D
Iraq blocks al-Bilad Bank after charges of financing terrorism
OriginalThe Central Bank of Iraq stated it took action "in order to preserve the integrity of the financial and banking system in Iraq" after al-Bilad Islamic Bank and its chairman were added to US Treasury sanctions lists.