The Central Bank of Iraq announced a seven day auction of Islamic certificates of deposit, identified as ICD816, with execution scheduled for 12 May 2026. Islamic banks can participate from the publication of the notice until the execution date, in line with the details published through the Central Securities Depository system. Participation is limited to Islamic banks whose Iraqi dinar deposit volumes exceed IQD 50 billion. Subscription amounts must be at least IQD 50 billion and no more than IQD 500 billion. The data used to determine the size of each bank's private sector Iraqi dinar deposits are those as of 23 April 2026, based on submissions made through the BSRS system between 26 and 28 April 2026.
Central Bank of Iraq 2026-05-10
Central Bank of Iraq announces seven day Islamic certificates of deposit auction for 12 May with IQD 50 billion to IQD 500 billion subscriptions
The Central Bank of Iraq announced a seven-day auction of Islamic certificates of deposit (ICD816) for execution on 12 May 2026, open to Islamic banks via the Central Securities Depository system. Participation is restricted to Islamic banks with Iraqi dinar deposits above IQD 50 billion, with subscription sizes between IQD 50 billion and IQD 500 billion, based on private sector deposit data as of 23 April 2026 submitted through the BSRS system.