BIN 534412
ELAF ISLAMIC BANK • IRAQ • MASTERCARD
About BIN 534412
BIN 534412 is a MASTERCARD debit card operating on the STANDARD payment network, issued by ELAF ISLAMIC BANK in IRAQ (IQ). The default settlement currency for this card is Unknown. This is not a prepaid card — it is linked to a standard bank account or credit facility. Card numbers beginning with this BIN pass the Luhn algorithm validation, confirming they are structurally valid card numbers.
Frequently Asked Questions
What is BIN 534412?
A Bank Identification Number (BIN), also called an Issuer Identification Number (IIN), is the first 6–8 digits of a payment card. BIN 534412 identifies ELAF ISLAMIC BANK as the issuing institution for cards carrying this prefix. These digits tell payment processors which bank issued the card before the full transaction is initiated.
Which bank issued BIN 534412?
BIN 534412 was issued by ELAF ISLAMIC BANK, a financial institution operating in IRAQ.
In which country is BIN 534412 registered?
BIN 534412 is registered in IRAQ (country code: IQ). The issuing bank, ELAF ISLAMIC BANK, holds the licence to issue cards under this BIN range in IRAQ. Transactions on these cards typically involve IRAQ-based banking and settlement infrastructure.
Is BIN 534412 a credit, debit, or prepaid card?
BIN 534412 belongs to the debit card category. This is not a prepaid card, so it is linked to a standard bank account or approved credit facility.
What payment network does BIN 534412 use?
BIN 534412 operates on the MASTERCARD payment network using the STANDARD card scheme. This means all transactions made with cards carrying this BIN are routed and processed through MASTERCARD's global payment infrastructure.
What currency is associated with BIN 534412?
The primary currency associated with BIN 534412 is Unknown. This is the currency in which domestic transactions are typically billed for cards under this BIN range when used in IRAQ. International transactions may involve currency conversion depending on the merchant's country.
Does BIN 534412 pass the Luhn check?
Yes — card numbers beginning with BIN 534412 pass the Luhn algorithm. The Luhn algorithm is a standard checksum formula used by payment systems to detect miskeyed or structurally invalid card numbers. A passing result confirms the number range is mathematically valid.
