Al Arafah Islami Bank Limited [in Bengali: আল-আরাফাহ ইসলামী ব্যাংক লিমিটেড ] is an Islamic bank in Bangladesh. AAIB is established with the objective of achieving success here & hereafter by pursuing the way directed by Allah and the path shown by His Rasul (SM), Al Arafah Islami Bank Ltd was established (registered) as a private limited company on 18 June 1995. The inaugural ceremony took place on 27 September 1995. The authorized capital of the Bank is Tk.15000.00 million and the paid up capital is Tk. 10440.22 million as of 31.12.2018. Renowned Islamic Scholars and pious businessmen of the country are the sponsors of the Bank. 100% of paid-up capital is owned by indigenous shareholders.
Al Arafah Islami Bank Limited
The equity of the bank stood at Tk. 2348.32 crore as of 31 December 2018, the manpower was 3682 as of 31 December 2018 and the number of shareholders was 25793 as of 31 December 2018. It has achieved a continuous profit and declared a good dividend over the years. High-quality customer service through the integration of modern technology and new products is the tool of the bank to achieve success. The bank has a diverse array of carefully tailored products and services to satisfy customer needs.
The Bank is committed to contributing significantly to the national economy. It has made a positive contribution to the socio-economic development of the country with 201 branches of which 25 is AD throughout the country.
History of Al-Arafah Islami Bank Limited
Al-Arafah Islami Bank Limited is a shariah-compliant bank in Bangladesh founded on 27 September 1995. A shariah council of the bank is responsible for ensuring the bank activities meet shariah requirements. The headquarters are located in Motijheel, Dhaka.
Al-Arafah Islami Bank Limited has initiated a project entitled “Krishi O Grameen Khudra Biniog Prokolpa (Microfinance). With this project, Al-Arafah Islami Bank Limited is working for the reduction of poverty, development in agricultural sectors, creation of job opportunities, etc.
Partnership with other
Al-Arafah Islami Bank Limited has signed a partnership with Millennium Information Solution Limited.