Individuals are not permitted to be QIBs, regardless of their level of wealth or financial sophistication. QIBs are permitted to participate in the market for securities under Rule 144A, which is a safe harbor exemption from the SEC's registration requirements for securities.
1 Baghdad, Iraq is at 3313'N, 4413'E, 34 m (112 ft). See map. 2  According to the Holdridge life zones system of bioclimatic classification Baghdad is situated in or near the subtropical desert biome.  The average annual temperature is 22.8 degrees Celsius (73 degrees Fahrenheit).
Baghdad's population was estimated at 7.22 million in 2015. The city historically had a predominantly Sunni population, by the early 21st century around 82% of the city's population were Iraqi Shia. [citation needed] At the beginning of the 21st century, some 1.5 million people migrated to Baghdad, most of them Shiites and a few Sunnis.