AL KARMAL STOCK EXCHANGE LTD, BIC/SWIFT Code Details
KARMIQB1 is the SWIFT/BIC code for AL KARMAL STOCK EXCHANGE LTD in Iraq. It identifies the head office. The 8-character form is KARMIQB1 and the 11-character form is KARMIQB1XXX.
Address: ALALOGI BUILDING ANDALUS, SQUARE BAGHDAD IRAQ
General instructions for international payments to banks in IRAQ:
Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g., SWIFT BIC, IBAN, and beneficiary bank address).Payment Restrictions: Individual to individual (P2P) payments are not permitted.Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary.Beneficiary Customer (SWIFT MT103 F59): Include account number (I ... BAN), full name (no initials), and address of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary.Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier/code (where required), full name of bank branch, and address of the beneficiary bank (SWIFT BIC is 8 or 11 alphanumeric characters: xxxxIQxx or xxxxIQxxxxx).Reason for Payment (SWIFT MT103 F70): Purpose of payment is recommended.Additional Information: Payments below 10,000 IQD are not supported. If a transaction is submitted below this amount, it will be canceled. Read more
IBAN: In Iraq, the IBAN consists of 23 characters. The country code is 'IQ' followed by a two-digit check number, a four-digit bank identifier, a three-digit branch code, and a twelve-digit account number. Example electronic format: IQ98NBIQ850123456789012. Print format: IQ98 NBIQ 8501 2345 6789 012.
Standard Settlement Instructions (SSI) contain the list of correspondent banks for each currency.
To track a SWIFT cross-border payment to or from AL KARMAL STOCK EXCHANGE LTD, you need a UETR code, reference number, amount, payment date, and currency. This information is typically found in an MT103 form.
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We are doing our best to demystify cross-border payments, however Ohmyfin is not responsible for any delays or losses related to usage of the information and services from our web site. Please contact your banks to receive safe advice.