Latest news with #Al-RasheedBank
Iraqi News
07-07-2025
- Business
- Iraqi News
Al-Rasheed Bank launches 30M IQD loans for solar energy systems with 3% interest
Baghdad ( – Al-Rasheed Bank announced on Monday (July 7, 2025) the launch of a new loan program for citizens and employees to purchase renewable (solar) energy systems. The initiative offers loans up to 30 million Iraqi dinars. In a statement, the bank confirmed the program is directly financed by the Central Bank of Iraq and comes with a low interest rate of just 3%. The application process is streamlined and will be conducted through the government's 'Ur' electronic platform to ensure wide accessibility. This initiative aims to support clean and sustainable energy projects, aligning with the Iraqi government's strategy to reduce reliance on traditional energy sources and promote environmental and economic development. By providing accessible financing for individual solar panel installations, Al-Rasheed Bank and the Central Bank are taking a practical step to encourage the grassroots adoption of renewable energy across Iraq.
Shafaq News
27-02-2025
- Business
- Shafaq News
Iraq's Al-Rasheed Bank warns against digital currency trade
Shafaq News/ On Thursday, Iraq's Al-Rasheed Bank cautioned citizens against trading in digital currencies and Forex. 'Following directives from the Central Bank of Iraq (CBI), we urge all citizens to refrain from using digital payment tools, including bank cards and digital wallets, for Forex trading or cryptocurrency transactions, whether for personal use or on behalf of others,' the bank stated. The bank stressed that engaging with unlicensed entities in these activities could lead to legal repercussions and financial losses.
