In accordance with the letter of the Ministry of Commerce, the Company Registration Department (SH / H / 19255) on 04/07/2017, the United Company’s financial transfer activity was transferred to the Islamic Bank of Iraq for investment and finance and granted the license to modify the activity under the CBI / 4934 on 05/03/2018 The bank started its banking activity on 15/04/2018 and carries out banking, financial, credit and investment activities in accordance with the provisions of the Islamic sharia through the main branch in Baghdad and prepared a plan to open other branches in Baghdad and the provinces.