Al Mal Islamic Bank (Iraq)

The Bank is mainly engaged in providing banking services in compliance with Islamic Sharia.
The bank was established as a money transfer company under the name of Transcontinental Company for Money Transfer on July 29, 2009.
Al Mal Islamic Investment Bank seeks to become a major bank in the field of banking services and expansion in the banking field through thoughtful financial management and the consolidation of culture in risk management and costs by professional banking staff and the network of broad local and international relations as well as advanced technological banking systems in banking provided to customers such as documentary credit and money transfers.
In 2016, the bank received approval from the Central Bank of Iraq for the merger of Dhifaf Dijla and Furat with Transcontinental Company for Money Transfer.
On 28 November 2016, the merger was officially recognized by the Department of Companies Registration, and the combined entity continued under the name Transcontinental Company for Money Transfer.
On 22 December 2022, the name of The Bank was changed from Ur Islamic Investment Bank (Private Joint Stock Company) to Al Mal Islamic Investment Bank (Private Joint Stock Company) and the necessary procedures were completed.
On 24 October 2024 , the bank shares were listed on Iraq Stock Exchange.