"Elaf Bank Islami paid a fine to the CBI June 16, 2015 0
Iraqi Islamic Bank said Elaph (BELF), included in Iraq stock exchange, the Bank paid
All financial obligations to the Central Bank of Iraq.
And the Bank said in a statement on the website of the Iraqi stock exchange, elaf Bank Islami had to pay the full amount owed to the Bank amounting to 995.135 million dinars.
The Bank operates mainly in commercial lending operations and has been very active in the field of retail banking and lending to small and medium-sized companies, along with commercial banking operations finance and investment operations to follow Sharia law and Islamic rules on transactions.