Providing local financial and banking institutions with human competencies qualified to deal with the new financial and banking tools and methods to raise the level of their performance, as well as providing scientific, research and advisory services needed by these institutions, in a way that contributes to serving the national economy, and by benefiting from the experiences and skills accumulated by faculty members.

1. Simulating advanced educational systems in banking and financial sciences by expanding understanding of the mathematical and applied basis.

2. Preparing scientific personnel specialized in financial and banking aspects to work in state institutions and the private sector.

3. Spreading a sound financial and banking culture at the national level through holding scientific and professional courses, workshops, seminars and conferences, as well as preparing specialized scientific studies and research.

4. Work to empower the students of the department scientifically, knowledgeably, and skillfully, and put them in the picture of the latest developments and developments in the financial markets and the world of banking, in a way that qualifies them to respond to the requirements of the labor market.

5. Contribute to finding solutions to the problems that the Iraqi financial and banking institutions suffer from.

Work to attract qualified professors and experts to contribute to providing students with theoretical and practical knowledge in the field of specialization.