AL ARAFAHAH ISLAMI BANK LTD

AL ARAFAHAH ISLAMI BANK LTD

Company Introduction:

AL ARAFAHAH ISLAMI BANK LTD is a prominent Shariah-compliant commercial bank operating in Bangladesh. Established with the aim of conducting banking activities based on Islamic principles, the bank offers a wide range of financial products and services to individuals, businesses, and corporations. These services include deposit accounts, investment schemes, foreign exchange, trade finance, SME financing, and various other banking facilities, all structured to adhere to Islamic Shariah law. The bank focuses on ethical and responsible banking practices, contributing to the economic development of Bangladesh while serving the financial needs of its customers.

Company Type (Factory or Trader):

AL ARAFAHAH ISLAMI BANK LTD is neither a factory nor a trading company. It is a financial institution, specifically a commercial bank.

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

Deposit Products:

Savings Accounts

Current Accounts

Mudaraba Savings Deposits

Mudaraba Term Deposits (Fixed Deposits)

Mudaraba Hajj Savings Scheme

Mudaraba Millionaire Scheme

Mudaraba Kotipoti Scheme

Mudaraba Double Benefit Scheme

Mudaraba Education Savings Scheme

Mudaraba Marriage Savings Scheme

Mudaraba Pension Savings Scheme

Special Notice Deposits

Investment and Financing Products:

Murabaha (Cost Plus Profit Sale)

Musharaka (Partnership)

Ijara (Leasing)

Salam (Advance Payment for Future Delivery)

Istisna (Manufacturing Finance)

Bai-Muajjal (Deferred Payment Sale)

Hire Purchase Under Shirkatul Melk (HP-SM)

Small and Medium Enterprise (SME) Financing

Agricultural Investment

Industrial Investment

Working Capital Investment

Trade Finance (Import and Export Financing)

Consumer Investment Scheme

Housing Investment Scheme

Car Investment Scheme

Card Services:

Debit Cards (Visa, MasterCard)

Prepaid Cards

Digital Banking Services:

Internet Banking

Mobile Banking App

SMS Banking

Remittance Services:

Inward Remittance

Outward Remittance

Other Services:

Locker Services

ATM Services

Utility Bill Collection

Treasury Functions

Government Securities Trading