The Department of Accounting Organized a Scientific Trip to Cihan Bank in Erbil

On Tuesday, April 16, 2024, the Department of Accounting organized an educational tour to Cihan Bank, aiming to provide second-stage students with a hands-on understanding of how the banking system operates. Dr. Kahleed Merkhan, overseeing the trip, ensured that the students were well-informed for an enriching experience. Upon arrival, they were kindly received by Miss Saya Omer Haji, the valued director of Cihan Bank, who extended a warm welcome.

Throughout the visit, the students were guided through various departments of the bank, each offering unique insights into its operations. They explored the details of saving accounts, explored into the principles of Murabaha transactions, gained an understanding of the accounting fund’s role, and were briefed on the functions of the department of companies and the operation department. This comprehensive tour provided them with a holistic view of the bank’s inner workings.

Mr. Kahleed Ali, serving as the Deputy Director, further enriched the students’ learning experience by providing an overview of the bank’s diverse range of services. He clarified the distinctions of personal banking and corporate banking, shedding light on the tailored financial solutions offered to individuals and businesses alike. Additionally, Mr. Ali expounded upon the bank’s digital offerings, including IBanking, SME Loans, Credit Cards, Debit Cards, and mobile banking, showcasing the institution’s commitment to innovation and customer-centricity.

Overall, the visit to Cihan Bank proved to be an invaluable educational opportunity for the students, allowing them to bridge theoretical knowledge with practical insights into the dynamic world of banking. Under the guidance of Dr. Merkhan and with the gracious hospitality of Miss Haji and the expertise of Mr. Ali, the students departed with a deeper appreciation for the complexities and significance of the banking sector.