Karmal Brokerage gained approval from the Iraq Tabadul electronic Stock Exchange to start a major digital transformation project. The plan prepares the company for operations on the new Tabadul electronic trading platform. This step marks a milestone for Iraq’s financial market and its modernisation goals.
According to a press release, the initiative is the first of its kind in the country. It supports the government’s vision to increase transparency and modernise trading infrastructure. It also follows international best practices to improve market efficiency and investor trust.
Karmal Brokerage will use the global ZagTrader platform for its front, middle, and back-office operations. This integration will streamline workflows and ensure smooth processes across the company. In addition, the project will include AI technologies for faster analysis and decision-making.
The company will also implement strict anti-money-laundering procedures. It will introduce advanced E-KYC systems to verify client identities quickly and securely. These measures aim to create a safe, efficient, and fully integrated trading environment for all market participants.
CEO Waseem Al-Jazrawi expressed strong confidence in the project. He said it would boost investor trust and raise the profile of Iraq’s financial market regionally and globally. He also praised the Iraq Stock Exchange Board of Governors and the Iraqi Securities Commission for their ongoing support.
Furthermore, Iraq Tabadul electronic this digital transformation aligns with Iraq’s broader efforts to upgrade its financial systems. By adopting the Tabadul electronic trading platform, the market can attract more foreign investors. It can also encourage greater local participation through easier and more transparent trading processes.
The project highlights the growing role of technology in Iraq’s economic development. As more companies adopt advanced systems, the country can strengthen its position in the global financial sector. This transformation also signals a commitment to innovation and stability in the market.
With this launch, Karmal Brokerage positions itself as a leader in Iraq’s shift toward digital finance. It combines technology, security, and efficiency to meet modern trading demands. The Tabadul electronic trading platform will become a symbol of progress for Iraq’s market infrastructure.