TO THE ORDER OF AL ARAFAH ISLAMI

Country: Bangladesh

Nature of Business: Financial Institution (Bank)

Al-Arafah Islami Bank PLC is a private commercial bank operating in Bangladesh. It adheres to Islamic Sharia principles, providing a comprehensive range of banking and financial services to individuals, businesses, and corporations. Its core activities include deposit taking, providing various types of financing, foreign exchange services, treasury operations, and other conventional and Islamic banking solutions. It is neither a factory that manufactures products nor a trading company that buys and sells goods. Its primary role is to act as a financial intermediary and service provider within the banking sector.

Al-Arafah Islami Bank PLC, a financial institution in Bangladesh, does not manufacture physical products. Instead, it provides a comprehensive range of Islamic banking and financial services. Its offerings include:

Deposit Schemes:

Mudaraba Savings Deposit

Mudaraba Current Account

Mudaraba Term Deposit

Special Mudaraba Savings Scheme

Hajj Savings Scheme

Marriage Savings Scheme

Education Savings Scheme

Monthly Savings Scheme

Millionaire Savings Scheme

Monthly Profit Scheme

Double Benefit Scheme

Triple Benefit Scheme

Cash Waqf Deposit Scheme

Investment and Financing Products (based on Shariah principles):

Murabaha (cost-plus financing)

Mudaraba (profit-sharing)

Musharaka (partnership)

Ijara (leasing)

Bai-Muajjal (deferred payment sale)

Hire Purchase under Shirkatul Melk (HP-SM)

Salam (advance payment for future delivery of goods)

Istisna (manufacturing finance)

Syndicated Financing

Trade Finance:

Letter of Credit (Import and Export)

Foreign Remittance Services

Local Remittance Services

Bank Guarantees

Other Services:

ATM and Debit Card Services

Internet Banking

Mobile Banking

SMS Banking

Locker Services

Utility Bill Collection

Government Treasury Transactions