AL ARAFAH ISLAMI BANK LIMITED

AL ARAFAH ISLAMI BANK LIMITED is a leading private commercial bank in Bangladesh. Established on June 18, 1995, the bank operates under the principles of Islamic Shariah. It is dedicated to offering a comprehensive range of modern and technology-driven banking services to its clientele, adhering strictly to ethical and socially responsible practices. The bank's mission is to contribute to the economic progress of Bangladesh by mobilizing financial resources and channeling them into productive sectors, ensuring fairness and equity in all its operations. It provides various financial products and services including deposit schemes, financing facilities, foreign exchange services, remittance services, online banking, and ATM facilities for individuals, businesses, and corporate clients.

AL ARAFAH ISLAMI BANK LIMITED is neither a factory nor a trader. It is a financial service provider.

AL ARAFAH ISLAMI BANK LIMITED offers a comprehensive range of Shariah-compliant banking products and services. These include:

Deposit Products:

Al-Wadiah Current Account

Mudaraba Savings Account

Mudaraba Special Savings Account

Mudaraba Term Deposit Account

Mudaraba Hajj Savings Scheme

Mudaraba Marriage Savings Scheme

Mudaraba Education Savings Scheme

Mudaraba Millionaire Deposit Scheme

Mudaraba Double Benefit Scheme

Mudaraba Monthly Income Scheme

Mudaraba Monthly Savings Scheme

Mudaraba Crorepoty Deposit Scheme

Foreign Currency Account

Non-Resident Bangladeshi (NRB) Accounts

Investment (Financing) Products:

Murabaha (for various purposes like trade, working capital, vehicle, housing)

Bai-Muajjal (for consumer durables, machinery)

Ijara (leasing for machinery, equipment, vehicles)

Musharaka (partnership financing)

Mudaraba (investment partnership)

Salam (advance payment for future delivery of goods)

Istisna (manufacturing finance)

Small and Medium Enterprise (SME) Investment

Agriculture Investment

Card Products:

Debit Cards (Visa, MasterCard)

Credit Cards (Visa, MasterCard)

Prepaid Cards

Digital Banking Services:

Internet Banking

Mobile Banking (AIBL Touch)

SMS Banking

ATM Services

POS Services

Remittance Services:

Inward and Outward Remittances

Trade Finance:

Letters of Credit (LC)

Bank Guarantees

Export Bills Collection

Import Bills Collection

Other Services:

Locker Services

Safe Custody Services

Utility Bill Payment

Government Duty/Tax Collection

Islamic Treasury Operations

Corporate Banking Services