People & Institutions

Elaf Islamic Bank

مصرف إيلاف الإسلامي

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

Charges dropped or case closed

Charges dropped or the case closed.

What the documents say

Designated by US Treasury 31 July 2012 under CISADA for facilitating transactions for Iran's Export Development Bank (EDBI). Delisted 17 May 2013 after Treasury credited a demonstrated change in behaviour, including freezing EDBI-linked accounts. No individual owner or officer was named or sanctioned in either Treasury release.

Kind: Bank
Roles: Privately owned Iraqi bank, Baghdad

Cases

These are the cases in this archive that name this entry, with the status in each case on the date shown.

Cases
Case	Role	Status in this case	Detail	As of
Elaf Islamic Bank: US CISADA sanctions for facilitating Iranian bank transactions, and 2013 delisting	Privately owned Iraqi bank, Baghdad	Charges dropped or case closed	Designated by US Treasury 31 July 2012 under CISADA for facilitating transactions for Iran's Export Development Bank (EDBI). Delisted 17 May 2013 after Treasury credited a demonstrated change in behaviour, including freezing EDBI-linked accounts. No individual owner or officer was named or sanctioned in either Treasury release.	28 September 2026

In the registers

Being listed in a register records a role, an ownership stake, a licence or a designation. It is not an allegation. All registers

Sanctions

Sanctions
Date	Authority	Action	Reason given	Document
31 July 2012	US Treasury (OFAC)	Designation Part 561 List (Iranian Financial Sanctions Regulations, 31 CFR Part 561; CISADA s.104(c)) [561LIST]	“Elaf Islamic Bank has engaged in activity during the past year worth tens of millions of dollars with the Export Development Bank of Iran, which was designated by the United States in October 2008.”	Original
17 May 2013	US Treasury (OFAC)	Removal from the list Part 561 List (Iranian Financial Sanctions Regulations, 31 CFR Part 561) [561LIST]		Original

Dated events

Each recorded step in the legal record of this entry is listed here in order of date.

31 July 2012
Under sanctionsCISADA designation
17 May 2013
Charges dropped or case closedSanctions removed

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.

US Department of the Treasury31 July 2012Sanctions noticeTier A
Treasury Sanctions Bank for Supporting Iranian Bank Designated for Proliferation Activities (press release tg1661)
Elaf Islamic Bank, a privately-owned Iraqi financial institution, [sanctioned] for knowingly facilitating significant transactions and providing significant financial services for the U.S. and EU-designated Export Development Bank of Iran (EDBI)
Case: Elaf Islamic Bank: US CISADA sanctions for facilitating Iranian bank transactions, and 2013 delisting
Our copy (downloads as a file)OriginalSHA-256 227e8ad35009
US Department of the Treasury17 May 2013Sanctions noticeTier A
Treasury Removes Sanctions on Iraqi Bank (press release jl1949)
Today we welcome Elaf Islamic Bank back into the U.S. financial system, and we urge other designated individuals and entities around the world to follow its positive example.
Case: Elaf Islamic Bank: US CISADA sanctions for facilitating Iranian bank transactions, and 2013 delisting
Our copy (downloads as a file)OriginalSHA-256 b119ecabab78

Articles

These press articles mention this name and are listed with the newest first. They are given for journalists and researchers. An article is a report, not a finding. (1 article)

17 May 2013
Treasury Removes Sanctions on Iraqi BankUS Department of the Treasury