Welcome to Dijlah and Furat Bank for Development and Investment Official Website          Welcome to Dijlah and Furat Bank for Development and Investment Official Website

Dijlah and Furat bank for development and investment

Dijlah and Furat bank for development and investment was founded on 29th June 2005, started business pursuant to the approval of the Central Bank of Iraq on 1st Feb.2007.
The Bank is conducting business according investment standards and away from the fixed profits principles, hence the Bank is coping with the Islamic Shariah standards.

T
he Bank uses the latest international technologies in presenting its services to its customers inside and outside Iraq .

The Bank is an Iraqi-Gulf partnership where the Gulf share amounts to 49% of the whole nominated capital.
The gulf partners are group of investment companies who are:

1- Ayaan Lease Investment Company which consists of 25 companies of integrated
    sectors.(www.ayaan.com)

2- Al-Rafidain ALmasiyah co. for trade (investment co.)
3- Babil ALmushtaraka co. for General Trading (investment co.)
4- Dijlah and Furat Co. for General Trading (investment co.)
5- The International Corporation for Financial Investments; a specialized stock and
    financial instruments co. Whose share in the capital of The Bank was made by
    means of several sorts of portfolios of all Gulf nations.( www.ewan.com).
6- Al Khibrah Company: a company specialized in legal and investment affairs.


The bank established Banking Relations outside Iraq in Jordan , Kuwait , Lebanon , Bahrain , and other Countries , and is making efforts to build new correspondence banking relations in most countries over the world.


Success steps at a glanse

 

The following statistics show  rise in turnout in dealing with the bank ,this is due to the growing confidence  and effectiveness of the bank in insuring the customers' demands:

 

 

اAccount 

2007

2010

Current  accounts 

10,959

37,497

saving accounts    

211

3,749

Depositaccounts        

6,189

17,139

Credit operations   

14,715

45,409


 

Million Dinar

 

 

 

 

Achieved profits represent the bank's accomplishments during the last four years. Establishment phase usually takes (3-5) years during which the whole expenses were paid. In the light of the achieved profits, the bank is still under establishment phase, none the less, we notice the rise in profits from (757) M.ID in 2007 to (4.389) M.ID in 2010, which is (6%).

This indicates  the rising  confidence of our customers in the bank 's  performance, putting into consideration that these profits were nearly banking  procedures  and not from nightly investment  available with the CBI, and treasury transfers , noting that our bank is an Islamic compliant bank which  does not deal with fixed interest rate .


 

 


 

 

 

 



 


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