Starting next week, Al-Taif Bank announces cash withdrawals for its customers in the provinces.
Starting next week, Al-Taif Bank announces cash withdrawals for its customers in the provinces.
2026-10-01
Shafaq News – Baghdad
Al-Taif Islamic Bank of Iraq announced on Thursday that it has strengthened its branches in various governorates with cash and liquidity as part of the measures taken to regulate withdrawal operations and provide cash liquidity to customers.
In an official statement, the bank said that starting from the beginning of next week, the bank’s customers will be able to make withdrawals from the bank’s branches in the governorates according to specific and approved ratios, in order to ensure the organization and smooth flow of the disbursement process.
The statement confirmed that the process of replenishing branches with cash has already been completed, noting that procedures are ongoing to facilitate and organize withdrawals in a way that ensures the best possible smoothness for customers.
This statement comes with the confirmation by the management of Al-Taif Islamic Bank, represented by the Trustees Committee, on September 19th, that the ratios will be adopted in the near future to distribute depositors’ funds according to the balances available in the accounts in order to achieve the principle of fairness in distribution.
The Central Bank of Iraq had decided to place Al-Taif Islamic Bank for Investment and Finance under guardianship for 18 months, due to violations that it said affected the bank’s financial position and depositors’ funds.
The Central Bank stressed that imposing guardianship does not mean the bank’s bankruptcy, but rather comes within the framework of precautionary supervisory measures aimed at protecting the rights of depositors, noting that depositors’ funds are protected under the applicable laws and regulations.
Following this, a number of depositors demonstrated in front of Al-Taif Islamic Bank in the Karrada district of Baghdad, protesting the freezing of banking services and the suspension of withdrawal and deposit operations, following the measures taken by the Central Bank of Iraq against the bank.
Speaking to Shafaq News Agency, the protesters demanded an end to restrictions on banking services and that they be allowed access to their money and the ability to withdraw their deposits, stressing that their demands focused on receiving their money and not leaving it pending.
shafaq.com
