Al-Arafah Islami Bank Limited

Al-Arafah Islami Bank Limited
Type	Public limited company
Industry	Banking Financial services
Founded	1995
Headquarters	Dhaka, Bangladesh
Key people	Bodiur Rahman (Chairman) Md: Habibur Rahman (Managing Director)
Products	Banking services, ATM services, Consumer Banking Corporate Banking Investment Banking
Net income	Tk 2276 (number)
Number of employees	2387 (2013)^[1]
Website	Official Website

Al-Arafah Islami Bank Limited (Bengali: আল-আরাফাহ ইসলামী ব্যাংক লিমিটেড) is the pioneer of Islamic banking in Bangladesh.^[2] 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. 9469.58 million as on 31.12.2014. Renowned Islamic Scholars and pious businessmen of the country are the sponsors of the Bank. 100% of paid up capital is being owned by indigenous shareholders.

The equity of the bank stood at Tk. 14478.06 million as on 31 December 2013, the manpower was 2649 and the number of shareholders was 52007 as on 31 December 2014 . 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 contribute significantly to the national economy. It has made a positive contribution towards the socio economic development of the country with 129 branches of which 23 is AD throughout the country.

Microfinance

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 reduction of poverty, development in agricultural sectors, creation of job opportunities etc.

References

External links

Official Website : www.al-arafahbank.com

List of banks in Bangladesh

Central bank	Bangladesh Bank

State-owned commercial banks	Agrani Bank Sonali Bank Rupali Bank Janata Bank

Private commercial banks	AB Bank Limited Bangladesh Commerce Bank Limited Bank Asia Limited BRAC Bank Limited Dhaka Bank Limited Dutch Bangla Bank Limited Eastern Bank Limited Farmers Bank Limited IFIC Bank Limited Jamuna Bank Limited Meghna Bank Limited Mercantile Bank Limited Midland Bank Limited Modhumoti Bank Limited Mutual Trust Bank Limited National Bank Limited NCC Bank Limited NRB Bank Limited NRB Commercial Bank Limited NRB Global Bank Ltd One Bank Limited Prime Bank Limited Pubali Bank Limited South Bangla Agriculture and Commerce Bank Ltd Southeast Bank Limited Standard Bank Limited The City Bank The Premier Bank Limited Trust Bank Limited United Commercial Bank Ltd Uttara Bank Limited

Islamic Commercial Banks	Al-Arafah Islami Bank Limited Export Import Bank of Bangladesh Limited First Security Islami Bank Limited ICB Islamic Bank Islami Bank Bangladesh Ltd Shahjalal islami bank Limited Social Islami Bank Limited Union Bank Limited

Foreign commercial banks	Bank Alfalah Citibank NA Commercial Bank of Ceylon Habib Bank Limited HSBC National Bank of Pakistan Standard Chartered Bank State Bank of India Woori Bank

Specialized banks	Bangladesh Krishi Bank Rajshahi Krishi Unnayan Bank Bangladesh Development Bank Ltd BASIC Bank Limited Probashi Kallyan Bank

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