# Rasheed Bank

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

Specifications:
- [Rasheed — official](https://rasheedbank.gov.iq/)

## Overview

**Rasheed Bank** is **Iraqi state-owned commercial bank** + **Iraqi government Ministry of Finance fully owned** + **Iraq's second-largest state commercial bank by assets + branches** + **founded May 14 1988 in Baghdad Iraq via spin-off of Rafidain Bank retail commercial banking arm** <sup>[1][1], [Iraq report](https://docs.barcoder.ai/docs/payments/IQ)</sup>.

## History

**May 14 1988 — Rasheed Bank Masraf al-Rasheed founded in Baghdad Iraq via spin-off of Rafidain Bank retail commercial banking arm under Ba'athist Iraqi banking modernisation** distinctive Iraqi banking heritage.

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

## Ownership & operator

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

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

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

## Technical integration

Rasheed Bank Mobile app (Android primary) + rasheedbank.gov.iq online + Rasheed Bank branch network across Iraq + Rasheed Visa + Mastercard cards; EMVCo QRCPS QR payments + Iraqi Dinar IQD domestic transfers.

## Implementations & partners

**Major Iraqi banking + payments competitors**: [Rafidain Bank](https://docs.barcoder.ai/docs/wallets/rafidain-bank) (Rafidain Bank Masraf al-Rafidain; Iraqi state-owned commercial bank; Iraq's largest commercial bank by assets + branches) + [Trade Bank of Iraq (TBI)](https://docs.barcoder.ai/docs/wallets/iraq-trade-bank) (Trade Bank of Iraq TBI; Iraqi state-owned commercial bank) + [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 second-largest state commercial bank by assets + branches + founded May 14 1988 in Baghdad Iraq via spin-off of Rafidain Bank retail commercial banking arm** <sup>[1][1], [2][2]</sup>.

## Sources

[1]: https://rasheedbank.gov.iq/ "Rasheed — official"
[2]: https://en.wikipedia.org/wiki/Rasheed_Bank "Rasheed — Wikipedia"
[iq-cro]: https://docs.barcoder.ai/docs/payments/IQ

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

## Source

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