Commercial Islamic Bank of Iraq – Ratings Affirmed

5 February 2026

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Commercial Islamic Bank of Iraq (CIBIQ or the Bank) − formerly the Commercial Bank of Iraq – at ‘B’ and ‘B’, respectively. The LT FCR Outlook is Stable. CI Ratings has also affirmed CIBIQ’s Bank Standalone Rating (BSR) of ‘b-’ with a Stable Outlook, Core Financial Strength (CFS) rating of ‘bb-’ and Extraordinary Support Level (ESL) of High.

At the same time, CI has affirmed CIBIQ’s Long- and Short-Term Ratings on the Iraq National Scale of ‘iqA-’ and ‘iqA2’, respectively, with a Stable Outlook. These ratings are supported and constrained by the same factors as the CFS, as outlined below.

CIBIQ’s LT FCR is set one notch above the BSR to reflect the high likelihood of extraordinary support from its parent, Kuwait Finance House Bahrain (KFHB),…