People & Institutions
Al-Taif Islamic Bank for Investment and Finance
مصرف الطيف الإسلامي للاستثمار والتمويل
This page sets out what the documents in this archive record about this bank: the legal status on the date shown, the cases, the official registers and the sources.
Legal status as of 4 October 2026
Disciplined by an official body
Fined, suspended or otherwise punished by an administrative body.
What the documents say
Placed under 18-month Central Bank of Iraq guardianship (وصاية) 2 September 2026 over unspecified 'serious violations' affecting its financial position and depositors' funds; already barred from USD dealing since a 2023 enforcement action. Custodian Imad Muhammad Hamad appointed to run the bank.
- Kind
- Bank
- Roles
- Private Baghdad bank
Cases
These are the cases in this archive that name this entry, with the status in each case on the date shown.
| Case | Role | Status in this case | Detail | As of |
|---|---|---|---|---|
| Al-Taif Islamic Bank placed under Central Bank of Iraq guardianship over undisclosed violations (2026) | Private Baghdad bank | Disciplined by an official body | Placed under 18-month Central Bank of Iraq guardianship (وصاية) 2 September 2026 over unspecified 'serious violations' affecting its financial position and depositors' funds; already barred from USD dealing since a 2023 enforcement action. Custodian Imad Muhammad Hamad appointed to run the bank. | 28 September 2026 |
Documents
No document is filed under this entry itself. These are the documents of the cases that name it. Each quote is given in the language of the document.
- Central Bank of Iraq8 September 2026Government statementTier A
بيان خاص من البنك المركزي حول ودائع مصرف الطيف (Special statement from the Central Bank regarding Al-Taif Bank deposits)
Our copy (downloads as a file)OriginalSHA-256 077b6ce737f2حقوق مودعي مصرف الطيف الإسلامي محفوظة (the rights of Al-Taif Islamic Bank's depositors are protected)
- Shafaq News2 September 2026Press reportTier D
CBI places Al-Taif Islamic Bank under guardianship
OriginalThe Central Bank of Iraq (CBI) placed Al-Taif Islamic Bank for Investment and Finance under guardianship on Wednesday over violations that affected its financial position and depositors' funds
- Iraq Business News3 September 2026Press reportTier D
Al-Taif Islamic Bank put into Receivership
Originalhas been placed in receivership following the discovery of serious violations that affected its financial position and depositors' funds