dijlahpoint - The Central Bank of Iraq decided on Wednesday, September 2, 2026, to place "Al Taif Islamic Bank for Investment and Finance" under official guardianship, based on proven serious financial and administrative violations that directly affected the bank's financial position and threatened depositors' funds. According to official documents issued by the Banking Supervision Department, the decision was based on the directives of the Central Bank's Board of Directors and the provisions of the amended Banking Law. The official directives included the appointment of an official and specialized guardian to manage the bank's affairs for a period of 18 months, aiming to correct its financial course, protect clients' rights, and ensure the stability of the banking sector.