Please, do not share your card details with anyone. Note that FIB never ask you for such information.
Achieve your financial goals with the term deposit account and enjoy returns of up to 9%.
Enjoy annual returns of up to 9%, making your investment in the term deposit account an ideal choice for achieving your financial goals.
Select an investment period of 1, 3, 6, or 12 months, with options to reinvest profits for growth or keep liquidity.
Invest with confidence at FIB, which holds an outstanding credit rating from Standard & Poor’s, ensuring security and reliability.
Choose Your Term: Select the duration that best fits your goals
Fund Your Deposit: Easily transfer funds through your FIB account
Watch Your Money Grow: Enjoy regular profit payouts and a guaranteed return.
Learn how much you can earn from your investment!
4.5% 1 Month IQD
5.5% 3 Month IQD
7% 6 Month IQD
9% 12 Month IQD
6.5% 6 Month IQD
8.5% 12 Month IQD
5.5% 6 Month USD
7.5% 12 Month USD
The deposit account is a service where First Iraq Bank invests deposit funds on a mudarabah (profit-sharing) basis between First Iraq Bank and depositors. Under this arrangement, the depositor authorizes the bank to manage their funds in pursuit of mutual benefit. The bank is responsible for managing these funds and selecting investment opportunities, whether restricted or unrestricted. This product complies with Islamic Sharia principles, with the depositor assuming the investment risks and sharing profits based on an agreed-upon ratio, where the bank is the speculator, the saver is the owner of the money, and profits are shared as 75% for the saver, and 25% for the speculator.
The minimum required deposit for the Term Deposit Account is 10 million IQD or 100,000 USD.
If the deposit is broken before maturity, the customer will not earn the full interest that was agreed upon initially. As for long term deposits, the account holder is entitled to receive profits for the completed months up to the point of breaking the term deposit. To achieve the best return, we do not recommend breaking the deposit. In case the deposit is broken, prior approval from the bank must be obtained.
The profit is paid based on the terms chosen by the account holder. It can be paid either monthly or at the end of the term, depending on the agreed-upon arrangement. The profits are credited automatically to the account holder’s account at the end of the month in which the payment is due, within a maximum of one week.
All-digital account creation process, embodying our commitment to leading Iraq’s digital banking transformation. Open an account instantly, entirely online, without visiting the in-person bank branch.
Select the card that suits your needs: Physical for everyday transactions, Virtual for instant online payments, Family Card to oversee family spending, and ISIC Card (backed by UNESCO) provides global student discounts.
Fast, secure, and contactless payments via QR codes with FIB mobile app. Ideal for in-store and online transactions, enhancing user convenience and benefiting businesses with an easy, cost-effective payment solution.
Effortlessly create a virtual savings space within the main account. Simplify the saving process by adding to or deducting funds from your Dream Account at any time, offering flexibility and ease in managing your savings.
Simplify family finances with a multi-tool Family Card. Issue Visa cards for kids and family members to easily manage funds, allocate budgets, and monitor spending. Enjoy live transaction tracking.
Instantaneous, hassle-free money transfers between FIB account holders, directly from the FIB app. No need to carry cash or visit a bank branch, we simplify domestic transactions for everyone.
Maximize your savings with our Cashback feature, rewarding you for everyday purchases. Get money back on your spending, making each purchase a step toward more hassle-free financial life.
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