A.A.I.B.L.

Company: A.A.I.B.L.

Company Type: Financial Institution (Bank). It is neither a factory nor a trading company.

Company Introduction:

Al-Arafah Islami Bank Ltd. (AAIBL) is a leading private commercial bank in Bangladesh, established on June 18, 1995. The bank operates based on Islamic Shariah principles, offering interest-free banking services. AAIBL provides a wide array of financial products and services, including retail banking, corporate banking, SME banking, foreign exchange, and treasury operations. It caters to a diverse clientele through its extensive branch network and digital channels across Bangladesh, aiming to contribute to the nation's economic progress by facilitating ethical and Shariah-compliant financial transactions.

A.A.I.B.L. (Al-Arafah Islami Bank Limited) is a financial institution in Bangladesh. As a bank, it primarily offers financial products and services rather than manufacturing or selling physical goods. Its offerings are Shariah-compliant.

The products and services provided by A.A.I.B.L. include:

Deposit Products

Mudaraba Savings Deposit Account

Mudaraba Current Account

Al-Wadiah Current Account

Mudaraba Term Deposit Account (Fixed Deposit)

Mudaraba Hajj Savings Scheme

Mudaraba Monthly Savings Scheme

Mudaraba Millionaire Savings Scheme

Mudaraba Marriage Savings Scheme

Mudaraba Education Savings Scheme

Mudaraba Senior Citizen Savings Scheme

Mudaraba Women Savings Scheme

Investment and Financing Products (Shariah-compliant alternatives to conventional loans)

Murabaha (Cost-plus-profit sale for financing trade)

Bai-Muajjal (Deferred payment sale)

Ijara (Leasing)

Musharaka (Partnership financing)

Mudaraba (Profit-sharing financing)

Salam (Advance payment for future delivery)

Istisna (Manufacturing finance)

Hire Purchase under Shirkatul Melk (HPSM)

Card Products

Debit Cards (Visa, Mastercard)

Credit Cards (Visa, Mastercard)

Trade Finance Services

Letters of Credit (LCs)

Bank Guarantees

Bills Collection

Remittance Services

Inward Remittance

Outward Remittance

Digital Banking Services

Internet Banking

Mobile Banking (AIBL Touch)

SMS Banking

ATM Services

Other Services

Locker Services

Treasury Services

Foreign Exchange Services

Clearing and Collection Services