Welcome to Al Arafah Islami Bank Limited, the epitome of Shariah-compliant banking in Bangladesh. Established in 1995, we have embarked on a journey guided by the principles of Al-Qur’an and Sunnah.
Our mission is not just to provide financial services but to achieve the satisfaction of Almighty Allah both in this world and the hereafter.
Al Arafah Islami Bank Ltd, established in 1995, is a financial institution that provides services guided by Islamic principles. Renowned Islamic scholars and pious business people sponsor this private limited company in Bangladesh. As of December 31, 2021, the bank’s financial status reflects significant growth and a commitment to its indigenous shareholders.
Al Arafah Islami Bank Ltd boasts an authorized capital of Tk. 15,000.00 million, with a paid-up capital of Tk. 10,649.02 million, entirely owned by indigenous shareholders.
With an equity of Tk. 2,348.32 crore as of December 31, 2018, and a dedicated workforce of 4,247 employees as of December 31, 2021, the bank has consistently delivered profits and declared dividends over the years. Additionally, it counts 19,146 shareholders as of the same date, demonstrating its enduring appeal to the financial community.
Vision: To be a pioneer in Islamic Banking in Bangladesh and contribute significantly to the growth of the national economy.
Mission: Our mission is driven by our commitment to achieving the satisfaction of Almighty Allah in this world and the hereafter. It encompasses various core objectives, including:
We are dedicated to promoting ethical and Shariah-compliant banking practices, ensuring financial transactions align with Islamic principles and values.
We employ cutting-edge technology to deliver top-notch financial services, focusing on efficiency, security, and customer satisfaction.
Our commitment to fast and efficient customer service ensures seamless experiences for our clients, fostering trust and reliability.
We maintain the highest standards of business ethics, fostering a culture of integrity, transparency, and trustworthiness.
Our approach emphasizes balanced growth, considering economic, social, and environmental factors to create sustainable value.
We prioritize delivering competitive returns to our shareholders, recognizing their trust and investment in our institution.
We offer innovative banking solutions at competitive prices, staying ahead of market trends to meet evolving customer needs.
We focus on attracting, nurturing, and retaining high-quality human resources, fostering a skilled and dedicated workforce.
We offer competitive compensation packages to our employees, recognizing and rewarding their contributions to our institution’s success.
Our unwavering commitment to national economic growth drives our efforts to support and contribute meaningfully to the economic development of Bangladesh.
We actively engage in Micro and Small and Medium-sized Enterprise (SME) financing, empowering local businesses and entrepreneurs for economic progress.
At AIBL, we believe that Islam provides a complete lifestyle. Our journey, which began in 1995, is based on the principles of Al-Qur’an and the lifestyle of Hazrat Muhammad (Sm.). Our bank is guided by a group of dedicated and pious personalities, including noted Islamic scholar Mr. A.Z.M Shamsul Alam, who serves as our founder chairman.
With 211 branches and a total of 4,247 employees, we continue to be a modern and leading bank in Bangladesh.
At Al Arafah Islami Bank, we offer a wide range of deposit and investment products, including:
|Product Name||Learn More|
|Al-Arafah Monthly Hajj Deposit (MHD)||Learn More|
|Al-Arafah Termed Hajj Deposit (THD)||Learn More|
|Mudaraba Denmohor Deposit Scheme||Learn More|
|Mudaraba Shadhin Term Deposit||Learn More|
|Mudaraba Education Savings Scheme||Learn More|
|Cash Waqf Deposit Scheme (Term & Installment) (CWD)||Learn More|
|Farmer & Freedom Fighters Account||Learn More|
|Al Wadiah Current Deposit (CD)||Learn More|
|Locker Account||Learn More|
|Monthly Installment Based Marriage Savings Investment Scheme (MIS)||Learn More|
|Monthly Installment Based Term Deposit (ITD)||Learn More|
|Monthly Profit Based Term Deposit (PTD)||Learn More|
|Mudaraba (Special) Pension Deposit Scheme (MSPDS)||Learn More|
|Mudaraba Ahsan Deposit Scheme||Learn More|
|Mudaraba Ahsan Plus Deposit Scheme||Learn More|
|Mudaraba Aman Deposit Scheme||Learn More|
|Mudaraba Excellent Benefit Deposit Scheme||Learn More|
|Mudaraba Foreign Currency Deposit AC||Learn More|
|Mudaraba Probashi Kallyan Deposit Pension Scheme (MPDPS)||Learn More|
|Mudaraba Saving Ac- Garments Workers||Learn More|
|Mudaraba Savings Deposit (MSD)||Learn More|
|Mudaraba Short Notice Deposit (MSND)||Learn More|
|Mudaraba Somriddhi Benefit Deposit Scheme||Learn More|
|Mudaraba Term Deposit (MTDR)||Learn More|
|Pension Deposit Scheme (PDS)||Learn More|
|School Student (Minor) Mudaraba Saving Account||Learn More|
|Investment Product||Learn More|
|Bai Istisna||Learn More|
|Bai Muajjal||Learn More|
|Bai Murabaha||Learn More|
|Bai Murabaha TR||Learn More|
|Bai Salam||Learn More|
|Bai-Murabaha Post Import (MPI)||Learn More|
|Foreign Bill Purchase||Learn More|
|Hire Purchase Under Shirkatul Meilk||Learn More|
|Quard against Inland Bill Purchase||Learn More|
|Special investment schemes||Learn More|
Our Micro, Small & Medium Enterprise (MSME) services play a crucial role in the economic growth and development of Bangladesh. We offer various schemes to support job creation, income generation, and industrial development.
Our international banking services, including Letters of Credit, Import and Export Financing, Remittance Services, and more, make us a prominent player in international trade activities.
AIBL Treasury manages foreign exchange, money market, fixed income, and asset liability management to ensure optimal fund positioning and regulatory compliance.
Explore our range of Islamic credit cards, including La-Riba Platinum, Gold, and Silver cards, MasterCard Debit Card, Instant Card, and more, designed to meet your financial needs.
Al-Arafah Islami Bank Limited (AIBL) offers scholarships to deserving students from underprivileged families to help them pursue their education. The scholarship program covers tuition fees, academic expenses, and a monthly stipend.
To be eligible for the AIBL scholarship, students must meet the following criteria:
To apply for the AIBL scholarship, students must submit the following documents:
The AIBL scholarship committee will review all applications and select the most deserving students. The scholarship will be awarded for the student’s academic program, subject to them maintaining an excellent academic record.
For more information about our services and how we can assist you in achieving your financial goals, please contact us at +88-02-44850032 or via email at [email protected]. We are here to serve you with the highest standards of Islamic banking.