Al-Bilad Islamic Bank for Investment and Finance P.S.C.

Transfering millions of dollars on behalf of the IRGC-QF

Status:Top Alert – Entity designated / sanctioned for terror, WMD and human rights violation

Risk Level:99%

May harm your business future. Persons or entities that engage in transactions with this entity will be exposed to sanctions or subject to an enforcement action.

Working with this entity means supporting Iranian Regime, Regime Terrorist Activities & development of WMD

Al-Bilad Islamic Bank is being designated for being owned or controlled by Aras Habib;

“Iran’s Central Bank Governor covertly funneled millions of dollars on behalf of the IRGC-QF through Iraq-based al-Bilad Islamic Bank to enrich and support the violent and radical agenda of Hizballah. It is appalling, but not surprising, that Iran’s senior-most banking official would conspire with the IRGC-QF to facilitate funding of terror groups like Hizballah, and it undermines any credibility he could claim in protecting the integrity of the institution as a central bank governor,” said Treasury Secretary Steven T. Mnuchin;

Seif has also supported the transfer of IRGC-QF-associated funds to al-Bilad Islamic Bank, an Iraq-based bank which is also being designated;

OFAC updated the SDN listing (10/29/2020) of the Iraq-based Al Bilad Islamic Bank with additional aliases including al Atta Islamic Bank for Investment and Finance. Al Bilad Islamic Bank was designated pursuant to E.O. 13224, a counterterrorism authority, on May 15, 2018 for being owned or controlled by Aras Habib who was involved in the exploitation of Iraq’s banking sector to move funds from Tehran to Hizballah. Al-Bilad Islamic Bank was used by Iran’s Central Bank Governor to covertly funnel millions of dollars on behalf of the IRGC-QF to support Hizballah;

Tarzali has worked with Hizballah and proposed that the terrorist group send funds through Iraq-based al-Bilad Islamic Bank;

Also Known As:
Al Bilad Islamic Bank



37 Building El-Karadeh 909 Street 1 Near Al Hurea Square, Baghdad, Iraq;
Al Masbah Branch, Baghdad Al Masbah Intersection, 929 Street 17 Bldg. 40, Previously the German Embassy, Baghdad, Iraq;
Erbil Branch, Erbil Province, 60 Bldg 354/132, 45 Street, Erbil, Iraq;
Al Mawarid Branch, Baghdad – Street 62 Neighboring the Department of Electricity, Baghdad, Iraq;
Al Nasiryah Branch, Zi Kar Province El Saray, Bldg. 2/239 Janat Al Janoub Hotel Building, Nasiryah, Iraq;
Al Basra Branch Al Basra, Manawy Pasha Corniche Street, Basra, Iraq; Al Sadr Branch, Jameela District Sadr City, Iraq;
Al Jaderya Branch Baghdad, Al Jaderya – Versus Baghdad University, 906 Street 28 – Dar 3, Baghdad, Iraq;
Karbala Branch Karbala, Al Dareeba Intersection, Karbala, Iraq;
Al Najaf Branch, Al Najaf Al Ashraf, Al Amir District – Al Koufa Street, Najaf, Iraq;
Zakho Branch Dahook, Zakho – Ibrahim Al Khaleel Street, Baydar Boulevard, Zakho, Iraq;
Al Mansour Branch Baghdad, Al Mansour-12-G 605-M-Bldg, Baghdad, Iraq;
Babel Branch Babel, Kalaj – Al Honood Branch, Babel, Iraq;
Beirut Branch Lebabon, Beirut – Hamra Street, Broadway Center – Versus Costa Caf, Lebanon, Beirut, Lebanon;

964 7780322



Reason for the color:
» Added on May 15, 2018 to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties;