mniraq - The Central Bank of Iraq has decided to place Taif Islamic Bank for Investment and Finance under conservatorship following severe financial violations affecting the bank's stability and depositors' funds. Pursuant to Article 59 of Banking Law No. 94 of 2004 as amended, a conservator has been appointed to manage the institution for an 18-month period.
Eco
Sep 02, 2026
1 min read
Central Bank of Iraq Places Taif Islamic Bank Under Conservatorship Due to Financial Violations
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