Banking facilities
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First: Cash Credit
1- Profit
Contract between the customer and the bank through which the bank purchases certain goods or services based on request of the customer and then the bank sells them to the customer against a profit that is agreed upon in advance.
– Profit types: –
1- profit to guarantee the mortgage of the gold trimmers: – Invest your gold assets with us.
Table of goldsmiths
Wages per year
Duration of funding
Amount of funding
From 3 months to 36 months
2- Financing of small and medium enterprises according to the initiative of the Central Bank of Iraq:
The Bank of Asia Iraq Islamic Bank to create employment opportunities and reduce the unemployment rate of citizens and within the initiative of the Central Bank of Iraq.
Small Projects Table
Commission of the Central Bank annually
Wages per year
Duration of funding
Security
Amount of funding
(3) years
(2) civil servants
From one million to 15 million
Medium Projects Table
Commission of the Central Bank annually
Wages per year
Duration of funding
Security
Amount of funding
(5) years
As the case is either bail or mortgage
From 15 million sometimes up to (100) million
– Central Bank initiative (financing small and medium enterprises)
Picture with a replica:
1- Student Finance: –
– Civil ID / Unified Card.
– Nationality certificate.
– A ration card / residence card and endorsement of a municipal council.
– Photograph .
– Passport if any.
– The phone number of the customer plus a telephone number for someone close to him to contact him in case the customer can not be reached.
– Email if found.
2- The sponsor:
– Civil ID / Unified Card.
– Nationality certificate.
– A ration card / residence card and endorsement of a municipal council.
– Photograph .
– Passport if any.
– The phone number of the customer plus a telephone number for someone close to him to contact him in case the customer can not be reached.
– Email if found.
– Support from the service of the sponsor to continue the service with the number of years of active service with the mention of the total salary and nominal allocations and deductions and the direct and indirect obligations of the sponsor.
– Work identity.
Terms of guarantee (in case the amount of funding does not exceed 15 million dinars)
– Number of sponsors (2) government employees exclusively.
– The guarantor’s department undertakes to deduct the amount of the guarantee in the monthly installment method and transfer it to the bank in the event that the amount is not paid by the customer (book of commitment of the sponsor’s department), signed by the accounts and legal in the body in which he works.
– Notify the bank in case of resignation / retirement / transfer / death / or leave work for any reason.
– The sponsor’s age should not exceed (55) years.
– If the amount exceeds (15) million dinars, other than the guarantees are in accordance with the bank’s policy on guarantees based on the risks.
Terms of Grants
- For commercial purposes:
– A commercial shop / lease / title deed in the name of the finance applicant with two witnesses to the contract.
– Purpose of funding.
2 – Establishment or rehabilitation of a workshop or small project / lease on behalf of the owner of the project or a title deed ownership of the project to the applicant funding.
3 – Purchase of a productive vehicle (bus or car carrying tons or طن tons) or generators producing energy.
4- Any other projects within the framework of the Initiative and its objectives.
– For more information about the service details, contact the competent employee on the following numbers:
Credit and Investment Section
07722229229 / Badawala
07711119229 / Switch
Or email: info.asiabank@aiib.iq
2- Istisna’a: A contract between the customer and the bank, on which basis the bank shall finance the cost of constructing a project such as building a building or building a factory or similar, at the request of the customer against a known and known profit.
3 – Ijara: A contract through which the bank to acquire the assets and objects to the firm request of its customers to acquire those assets through the Ijarah where the origin of the customer after the end of the contract.
4 – Peace: Contract between the customer and the bank where the sale of goods for the price of the price paid sooner and must be the subject of sale accurately and pay the full price for the conclusion of the contract against a commodity described in the provision does not exist only at a time agreed upon in advance.
Second: Investment
1- Speculation:
Is a partnership between two parties, one of which provides money and is called (Lord of the money) and the other provides effort and work and called (Mudarib) against the profit of each of them is agreed upon and if the loss occurred bear only the money and lose the speculator effort.
2- Participation:
A contract between two parties, each of whom shall contribute to the capital of the project and in return for a profit for each of them agreed upon in advance. If the loss occurs, it shall be as much as its share in the project.
First: Cash Credit
1- Profit
Contract between the customer and the bank through which the bank purchases certain goods or services based on request of the customer and then the bank sells them to the customer against a profit that is agreed upon in advance.
– Profit types: –
1- profit to guarantee the mortgage of the gold trimmers: – Invest your gold assets with us.
Table of goldsmiths
Wages per year
Duration of funding
Amount of funding
From 3 months to 36 months
2- Financing of small and medium enterprises according to the initiative of the Central Bank of Iraq:
The Bank of Asia Iraq Islamic Bank to create employment opportunities and reduce the unemployment rate of citizens and within the initiative of the Central Bank of Iraq.
Small Projects Table
Commission of the Central Bank annually
Wages per year
Duration of funding
Security
Amount of funding
(3) years
(2) civil servants
From one million to 15 million
Medium Projects Table
Commission of the Central Bank annually
Wages per year
Duration of funding
Security
Amount of funding
(5) years
As the case is either bail or mortgage
From 15 million sometimes up to (100) million
– Central Bank initiative (financing small and medium enterprises)
Picture with a replica:
1- Student Finance: –
– Civil ID / Unified Card.
– Nationality certificate.
– A ration card / residence card and endorsement of a municipal council.
– Photograph .
– Passport if any.
– The phone number of the customer plus a telephone number for someone close to him to contact him in case the customer can not be reached.
– Email if found.
2- The sponsor:
– Civil ID / Unified Card.
– Nationality certificate.
– A ration card / residence card and endorsement of a municipal council.
– Photograph .
– Passport if any.
– The phone number of the customer plus a telephone number for someone close to him to contact him in case the customer can not be reached.
– Email if found.
– Support from the service of the sponsor to continue the service with the number of years of active service with the mention of the total salary and nominal allocations and deductions and the direct and indirect obligations of the sponsor.
– Work identity.
Terms of guarantee (in case the amount of funding does not exceed 15 million dinars)
– Number of sponsors (2) government employees exclusively.
– The guarantor’s department undertakes to deduct the amount of the guarantee in the monthly installment method and transfer it to the bank in the event that the amount is not paid by the customer (book of commitment of the sponsor’s department), signed by the accounts and legal in the body in which he works.
– Notify the bank in case of resignation / retirement / transfer / death / or leave work for any reason.
– The sponsor’s age should not exceed (55) years.
– If the amount exceeds (15) million dinars, other than the guarantees are in accordance with the bank’s policy on guarantees based on the risks.
Terms of Grants
- For commercial purposes:
– A commercial shop / lease / title deed in the name of the finance applicant with two witnesses to the contract.
– Purpose of funding.
2 – Establishment or rehabilitation of a workshop or small project / lease on behalf of the owner of the project or a title deed ownership of the project to the applicant funding.
3 – Purchase of a productive vehicle (bus or car carrying tons or طن tons) or generators producing energy.
4- Any other projects within the framework of the Initiative and its objectives.
– For more information about the service details, contact the competent employee on the following numbers:
Credit and Investment Section
07722229229 / Badawala
07711119229 / Switch
Or email: info.asiabank@aiib.iq
2- Istisna’a: A contract between the customer and the bank, on which basis the bank shall finance the cost of constructing a project such as building a building or building a factory or similar, at the request of the customer against a known and known profit.
3 – Ijara: A contract through which the bank to acquire the assets and objects to the firm request of its customers to acquire those assets through the Ijarah where the origin of the customer after the end of the contract.
4 – Peace: Contract between the customer and the bank where the sale of goods for the price of the price paid sooner and must be the subject of sale accurately and pay the full price for the conclusion of the contract against a commodity described in the provision does not exist only at a time agreed upon in advance.
Second: Investment
1- Speculation:
Is a partnership between two parties, one of which provides money and is called (Lord of the money) and the other provides effort and work and called (Mudarib) against the profit of each of them is agreed upon and if the loss occurred bear only the money and lose the speculator effort.
2- Participation:
A contract between two parties, each of whom shall contribute to the capital of the project and in return for a profit for each of them agreed upon in advance. If the loss occurs, it shall be as much as its share in the project.