# Rafidain Bank

> Source: https://docs.barcoder.ai/docs/wallets/rafidain-bank
> research date 2026-06-01 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Rafidain — official](https://rafidain-bank.gov.iq/)

## Overview

**Rafidain Bank** is **Iraqi state-owned commercial bank** + **Iraqi government Ministry of Finance fully owned** + **Iraq's largest commercial bank by assets + branches** + **founded May 19 1941 in Baghdad Iraq as Iraq's national commercial bank** <sup>[1][1], [Iraq report](https://docs.barcoder.ai/docs/payments/IQ)</sup>.

## History

**May 19 1941 — Rafidain Bank Masraf al-Rafidain founded in Baghdad Iraq as Iraq's national commercial bank under Kingdom of Iraq banking modernisation** distinctive Iraqi banking heritage as Iraq's oldest national commercial bank.

**1964 — Rafidain Bank nationalised under Ba'athist Iraqi banking nationalisation as state-owned commercial bank**.

**2014 — Rafidain Bank Mobile banking app launch**.

## Ownership & operator

**Operating entity**: **Rafidain Bank Masraf al-Rafidain** (Iraqi state-owned commercial bank).

**Major shareholders**: **Iraqi government Ministry of Finance fully owned**.

**Regulators**: **Central Bank of Iraq CBI**.

## Technical integration

Rafidain Bank Mobile app (Android primary) + rafidain-bank.gov.iq online + Rafidain Bank branch network across Iraq + UAE + Bahrain + Jordan + Egypt + Yemen + UK + US international branches + Rafidain Visa + Mastercard cards; EMVCo QRCPS QR payments + Iraqi Dinar IQD domestic transfers.

## Implementations & partners

**Major Iraqi banking + payments competitors**: [Rasheed Bank](https://docs.barcoder.ai/docs/wallets/rashid-bank-iraq) (Rasheed Bank Masraf al-Rasheed; Iraqi state-owned commercial bank; Iraqi government Ministry of Finance fully owned; Iraq's second-largest state commercial bank) + [Trade Bank of Iraq (TBI)](https://docs.barcoder.ai/docs/wallets/iraq-trade-bank) (Trade Bank of Iraq TBI; Iraqi state-owned commercial bank; Iraqi government Ministry of Finance fully owned) + [Bank of Baghdad](https://docs.barcoder.ai/docs/wallets/bank-of-baghdad) (Bank of Baghdad; Iraqi commercial bank) + National Bank of Iraq (National Bank of Iraq NBI; Iraqi commercial bank; Capital Bank of Jordan parent ~63%+ controlling).

**Regulators**: Central Bank of Iraq CBI.

## Status

**Active, Iraqi state-owned commercial bank + Iraqi government Ministry of Finance fully owned + Iraq's largest commercial bank by assets + branches + founded May 19 1941 in Baghdad Iraq as Iraq's national commercial bank** <sup>[1][1], [2][2]</sup>.

## Sources

[1]: https://rafidain-bank.gov.iq/ "Rafidain — official"
[2]: https://en.wikipedia.org/wiki/Rafidain_Bank "Rafidain — Wikipedia"
[iq-cro]: https://docs.barcoder.ai/docs/payments/IQ

- [1] [Rafidain — official][1]
- [2] [Rafidain — Wikipedia][2]
- <sup>[Iraq report](https://docs.barcoder.ai/docs/payments/IQ)</sup> In-corpus: `reports/countries/IQ-iraq.md`

## Source

Biography extracted from [rafidain-bank.md](https://docs.barcoder.ai/source/wallets/rafidain-bank). See `matrix.md` for standards-support matrix if present.