The Central Bank of Iraq confirmed that depositors’ rights at Al Taif Islamic Bank remain protected and described the bank’s placement under conservatorship as a preventive supervisory measure to safeguard funds and maintain stable banking operations. Working with the appointed conservator, the central bank is taking steps to strengthen the bank’s liquidity, manage withdrawals and meet financial obligations gradually according to supervisory priorities. Salary payments to employees whose payroll accounts are held at the bank will receive priority.
2026-09-08Central Bank of Iraq
Central Bank of Iraq outlines depositor protections under Al Taif Islamic Bank conservatorship
The Central Bank of Iraq confirmed that depositors’ rights at Al Taif Islamic Bank remain protected under the bank’s conservatorship. Measures will strengthen liquidity and manage withdrawals and other obligations gradually, with priority given to salary payments.