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Elaf Islamic Bank, is a local Iraqi Islamic bank, established in Baghdad in 2001 under the name of Al Baraka Investment and Finance Company, and its capital reached 250 billion Iraqi dinars, and in 2007 the services provided by the bank were transformed from traditional banking services to services Islamic, in proportion to the needs of individual and corporate clients, and all the services provided are compatible with Islamic sharia. The bank’s branches are distributed in a number of governorates. The number of its branches has reached 16.