SectionBanks

Banks · Islamic · Private

Al Mal Islamic Bank

A private Islamic bank, based in Baghdad, listed on the Iraq Stock Exchange as BMAL, licensed by the Central Bank of Iraq.

Type
Islamic
Ownership
Private
Head office
Baghdad
Share
BMAL

USD dealing restricted · Restricted in dealing in US dollars under published restrictions. A published USD account does not mean every dollar transaction is possible.

Published products

One rate per product: the ordinary retail scenario as the bank publishes it, with its conditions. What the bank does not publish is said so rather than left blank.

Car financeIslamic

The bank publishes no rate that can be shown

The bank’s page gives 6.5% in its text and 7% in its own worked example. The two cannot be reconciled from the page, so no rate is shown.

Maximum age
63
Maximum amount
25.0MUp to the full price of the car, within the 25m ceiling.
Maximum term
5 years
Minimum age
18
Minimum amount
15.0M

checked 13 September 2026

Marriage financeIslamic

8%the bank does not state the basis

Maximum amount
15.0M
Maximum term
2 years
Minimum amount
1.0M

checked 13 September 2026

Rates as the bank publishes them; not confirmed with the bank directly.

Financial snapshot

From exchange disclosures · 2024

Total assets350.3 B
Total equity235.1 B
Net income705 M

Full financial statements

Bank links

Sources (4)
  1. Central Bank of Iraq - Local banks
  2. Al Mal - Car financing
  3. Al Mal - Product catalogue
  4. Al Mal - Marriage finance

Read in Arabic · The editorial notes are available in Arabic.

About this page

Every figure on this page comes from the bank's own source or its exchange filings, with the date it was checked. What the bank does not publish is stated as such rather than left blank.

Rates are as the bank publishes them and were not confirmed with it directly; a figure the bank published more than a year ago stays on the page with its date and is never shown as a current offer.

The rating is editorial, from published sources — the bank's site, the app store and what users write — and neither measures the bank's safety nor is endorsed by it.