AL ARAFAH ISLAMI

AL ARAFAH ISLAMI Bank PLC is a bank, not a factory or a trader.

Company Introduction:

AL ARAFAH ISLAMI Bank PLC is a prominent private commercial bank in Bangladesh. Established in 1995, it operates under Islamic Sharia principles, offering a comprehensive array of banking products and services. These include various deposit schemes, financing facilities, foreign exchange services, and remittance solutions for individuals, small and medium enterprises, and corporate clients. The bank is dedicated to ethical banking practices and plays a role in the socio-economic development of Bangladesh. It has a widespread network of branches and sub-branches across the country.

AL ARAFAH ISLAMI Bank Limited, based in Bangladesh, offers a range of Islamic banking products and financial services. It does not manufacture physical goods. Its core offerings include:

Deposit Products:

Mudaraba Savings Deposit Accounts

Mudaraba Term Deposit Accounts

Mudaraba Special Savings Schemes

Mudaraba Hajj Savings Schemes

Mudaraba Marriage Savings Schemes

Mudaraba Education Savings Schemes

Al-Arafah Pension Savings Schemes

Wadiah Current Accounts

Investment Products (Shariah-compliant financing):

Murabaha Investment (for working capital, trade finance)

Mudaraba Investment

Musharaka Investment

Ijara Investment (leasing)

Salam Investment

Istisna Investment (project financing)

Other Services:

Foreign Remittance Services

ATM and Debit Card Services

Internet Banking

Mobile Banking (AIBL Touch)

SMS Banking

Locker Services

Foreign Exchange Services

Trade Finance (Import and Export services, Letters of Credit, Bank Guarantees)

RTGS and BEFTN services

Government Treasury transactions