Rasheed Bank was established in accordance with law (no.52/1988). It became a public company in accordance with law of public companies(no.22/1977)on 4.Dec. 2001. Its capital reached ID.2billion fromID.1billion. Rasheed Bank aims at participation in supporting national economy through the functions it undertakes those functions are : 1. Commercial banking. 2.Investment 3. Financing various sectors according to development plans. 4. Banking services regarding foreign and domestic banking transaction represented by current accounts , saving accounts, Fixed deposits , various loans ( in I.D and USD) and credit facilities .