AsiaHawala for Non-Banking Financial Services is your solution to a diversified Payment Service Provider, focused on contributing positively towards the economy through innovative and financial products that are designed to inspire every walk of life. We have come a long way to make the first money transaction service in Iraq. Since the establishment of the company in 2014 and the launching on 29 December 2015, we are there to help the rest. The Central Bank of Iraq (CBI) licenses AsiaHawala after complying fully with requirements of CBI pursuant to Iraq Electronic Payment Service No (3) of 2014, Anti-Money Laundering (AML) and Counter Terrorist Finance (CTF) no 39 of 2015.
AsiaHawala products and services range from:
- Money Transfers
- Bill Payments;
- Salary Disbursements;
- Merchant Payments;
- Online Shopping;
- Flight Reservations
- And much more.
We’ve operated for over 150 years in some of the world’s fastest growing markets across Asia, Africa and the Middle East.
We are a leading international banking group, with around 86,000 employees and a 150-year history in some of the world’s most dynamic markets. We bank the people and companies driving investment, trade and the creation of wealth across Asia, Africa and the Middle East, where we earn around 90 per cent of our income and profits. Our heritage and values are expressed in our brand promise, Here for good.
Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.
In 2013, Standard Chartered inaugurated its headquarters in Iraq, and its first branch in Baghdad. This move makes it the first international bank to have on-the ground presence in the country. In 2014, Standard Chartered inaugurated its second branch in Erbil, Kurdistan region.
The Bank aims to play a key role in the development of Iraq’s financial sector and be an active participant in the economic growth of the country. Standard Chartered’s main aim is to meet the increasing banking needs of its international clients who are increasingly active in Iraq, notably in the power, oil, telecoms and infrastructure sectors and aims to support large government projects.
The Bank remains committed to meet the increasing banking needs of our clients who are progressively more active in Iraq, notably in the power, oil, telecoms, infrastructure sectors and large government projects . Thus participating in Iraq’s growth”.
The Bank offers Transaction Banking, Project and Export Finance, Structured Trade Finance, Financial Markets services, Capital Markets and Corporate Finance solutions in the country to its existing multinational clients operating in the country.
For more information please visit www.sc.com.
ISC is the leading electronic financial services company in Iraq. It offers management of financial accounts that are created and maintained as electronic virtual accounts on ISC’s financial account management system, while the actual funds are deposited and maintained with any one of the banks affiliated with ISC. Today, ISC issues Qi cards and acquires transactions, on behalf of fourteen banks in Iraq, including Rafidain and Rasheed, the two largest government banks. To date, ISC issued around (6 million) Qi Cards and has a network of (6,000) Point of Service terminals, equipped with biometric readers, operated by around (4,000) cash-out agents spread throughout Iraq. ISC also operates around (200) Enrollment Centers with ( 600) stations that are mostly set up inside Rafidain Bank and Rasheed bank branches throughout Iraq. Where these two banks have no presence, ISC set up privately operated Enrollment Centers, as in the case of the territories administered by the Kurdish Regional Government.
ISC serves the banking sector in Iraq by offering banks the means to offer their customers modern electronic financial transaction services through ISC virtual accounts. ISC offers government departments and private enterprises with the means to distribute salaries and distribution of funds such as grants to their recipients using state of the art e Payment solutions. ISC also enables its customers to pay their bills with government agencies and private enterprises. ISC also serves directly the Iraqi consumer market by providing consumers with the ability to create modern financial accounts and enjoy the full benefits of electronic payments as experienced in modern countries.
ISC offers issuing services of biometric-based identity cards and offer institutions of government and private sector, the ability to verify these identity cards. Furthermore, ISC maintains an extensive identity repository, including biometric identity information that allows government agencies to conduct forensic investigations and help eliminate fraud.
ISC issues and acquires its own Qi cards using its local loop QiCard Scheme. It is also a Principal Member with MasterCard International and Union Pay International for issuing and acquiring, and expects to become a Principal Member with Visa for issuing and acquiring in the near future
Shell, through its position as operator of the Majnoon oilfield; its participation in the Basrah Gas Company Joint Venture; signing of the Nebras Heads of Agreement (a world scale ethane cracker in Southern Iraq); and its trading and lubricants businesses, has become one of the largest investors in the Iraqi Energy industry.
The Basrah Gas Company Joint Venture is a cornerstone of Iraq’s integrated energy strategy providing 70% of the province’s electricity and 60% of Iraq’s total LPG demand. As the midstream asset in Shell’s Iraq portfolio it captures, treats and monetises associated natural gas that is flared from the three giant oil fields of southern Iraq. The direct impact of sustained rehabilitation initiatives has enabled the joint venture to reach a new daily production record of more than 780 mmscfd and produce a record 4,400 tonnes of LPG per day this year.
Shell and our partners have developed Majnoon, one of the world’s largest oil fields, into a top quartile producing asset that currently produces 220,000 barrels of oil per day, which is of significant financial benefit to the Government of Iraq.
Community development programmes have been at the core of Shell’s commitment to Iraq. We work with key partners to deliver programmes and projects that make a difference in the areas of health, education and road safety training.
International Development Bank for Investment and Finance was established in 2011; licensed by the Central Bank of Iraq and is subject to its supervision and control in accordance with the provisions of the laws and Iraqi banks, with a paid-up capital of 259 billion Iraqi dinars, (equivalent to 210 million US dollars). Today the bank is one of the leading banks locally and regionally, in offering commercial banking services for retail and corporate sector. With a network of 13 branches and more than 400 employees, covering all major provinces in Iraq, including the Kurdistan region and the Middle Euphrates and Southern Iraq, along with a representative office in Beirut, IDB uses advanced banking systems, including the award winning banking program IMAL by Path Solutions. Being at the forefront of leading banking technology in Iraq, with more than 120 ATMs and over 300 POS at the end of 2016, and is the only bank granted the right to issue and acquire Master Card in Iraq. IDB achieved an increase in public deposits reaching 312 billion Iraqi dinars at the end of 2016 (216 million dollars).