In Iraq, sharia-compliant banking currently accounts for a marginal share of the Iraqi financial sector. Recent estimates expect that Islamic financial assets in Iraq could reach more soon.
Iraq is preparing the legal framework for Islamic finance products such as the issuance of Islamic bonds (Sukuk) and in order to help financing Iraq's SME it will promote Sukuk, Takaful (Islamic insurance) and halal microcredit.
Currently, Iraq has a number of fully operational Islamic banks which serve retail and islamic corporate banking offering halal financing products such as Ijara, Ijara-wa-iqtina, Mudaraba, Murabaha and Musharaka.
IRAQ ONLINE SHARIA BANK