Tag Archives | shari’a

Al Sanam Islamic Bank selects ICSFS banking software

By John Lee. Al Sanam Islamic Bank, a newly-established Islamic bank in Iraq, has selected ICS BANKS Islamic Banking software solution from ICS Financial Systems (ICSFS). The signing ceremony took place at ICSFS' centre of excellence, Amman, Jordan. According to a press release, Al Sanam Islamic Bank will provide comprehensive, Shari'a-compliant financing products and services […]

Efforts to Impose Sharia Law Spark Controversy

By¬†Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi Justice Minister Hassan al-Shammari announced Oct. 23 that he had prepared a Sharia-based personal-status law and submitted it to the cabinet for approval and referral to the Council of Representatives for […]


Taylor-DeJongh and Phoenix Capital Launch New Iraqi Financial Services Firm

Taylor-DeJongh, a leading energy and infrastructure investment banking firm, and Phoenix Capital LLC, a Baghdad-based investment bank, announced on Wednesday that they have entered into a strategic partnership to create the first Washington-Baghdad financial services firm. The partnership will provide specialist industry knowledge and financial expertise to both international and Iraqi public and private sector […]