Al-Arafah Islami Bank Plc (Bangladesh)

Al-Arafah Islami Bank Limited is a private limited company located in Dhaka, Bangladesh. It was established on June 18, 1995, and had its inaugural ceremony on September 27, 1995. The bank is owned entirely by indigenous shareholders and has an authorized capital of Tk.15000.00 million and a paid-up capital of Tk. 10649.02 million as of December 31, 2021. The bank has achieved continuous profitability and declared good dividends over the years. It focuses on providing high-quality customer service through the integration of modern technology and offers a diverse array of carefully tailored products and services to meet customer needs. Al-Arafah Islami Bank is committed to contributing significantly to the national economy. It has 211 branches throughout the country, including 25 authorized dealer branches. The bank aims to be a pioneer in Islamic banking in Bangladesh and contribute to the growth of the national economy. The bank follows the principles of Islamic banking based on the teachings of the Quran and the lifestyle of Hazrat Muhammad (Sm.). It conducts all activities under a profit/loss based system according to Islamic Shariah to eliminate usury. Its investment policies are fully Shariah compliant and monitored by the board of Shariah Council. Al-Arafah Islami Bank is known for its dedication to providing services imbued with Islamic values of brotherhood, peace, and fraternity. It is committed to establishing a welfare-oriented banking system and promoting social and philanthropic activities. The bank has established an English Medium Madrasha and a library, with plans for more endeavors in the future.