Al-Arafah Islami Bank Limited

Al-Arafah Islami Bank Limited

Al-Arafah Islami Bank Limited

Al-Arafah Islami Bank Limited  started its journey in 1995 with the said principles in mind and to introduce a modern banking system based on Al-Qur’an and Sunnah.
A group of established, dedicated and pious personalities of Bangladesh are the architects and directors of the Bank. Among them a noted Islamic scholar, economist, writer and ex-bureaucrat of Bangladesh government Mr. A.Z.M Shamsul Alam is the founder chairman of the bank. His progressive leadership and continuous inspiration provided a boost for the bank in getting a foothold in the financial market of Bangladesh.
A group of 20 dedicated and noted Islamic personalities of Bangladesh are the member of Board of Directors of the bank. They are also noted for their business acumen. Al-Arafah Islami Bank Ltd. has 137 branches (upto September 2016) and a total of 2978 employees (upto September 2016). Its authorized capital is Taka 15000 million and the paid-up capital is Taka 9469.58 million as on 31 December 2015.

Head Office:

36, Dilkusha(6-9 Floor) C/A Dhaka-1000, Bangladesh. Phone: +880-2-7123255-7, 9568007, 9569353

Fax: + 880-2-9569351

Email: [email protected]

 Known As :AIBL
Category : Commercial
Type : Private
Origin : Local


AIBL Profile
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 31.12.2015. 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. 1923.61 crore as on 31 December 2015, the manpower was 2978 as on 21 September 2016 and the number of shareholders was 41053 as on 10 April 2016 . 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 137 branches of which 23 is AD throughout the country.
To be a pioneer in Islami Banking in Bangladesh and contribute significantly to the growth of the national economy.
Achieving the satisfaction of Almighty Allah both here & hereafter.
Proliferation of Shariah Based Banking Practices.
Quality financial services adopting the latest technology.
Fast and efficient customer service.
Maintaining high standard of business ethics.
Balanced growth.
Steady & competitive return on shareholders’ equity.
Innovative banking at a competitive price.
Attract and retain quality human resources.
Extending competitive compensation packages to the employees.
Firm commitment to the growth of national economy.
Involving more in Micro and SME financing.
Ours is a customer focused modern Islamic Banking sound and steady growth in both mobilizing deposit and making quality Investment to keep our position as a leading Islami bank in Bangladesh.
To deliver financial services with the touch of our heart to retail, small and medium scale enterprises, as well as corporate clients through our branches across the country.
Our business initiatives are designed to match the changing trade & industrial needs of the clients.

Deposit schemes

Al-Arafa Islami Bank offers various  deposit schemes which are as below:

  • Al-Arafa Monthly Hajj Deposit
  • Al-Arafa Termed Hajj Deposit
  • Al-Arafa Savings Bond
  • Mudaraba Short Notice Deposit
  • Mudaraba Term Deposit
  • Monthly Profit Based Term Deposit
  • Monthly Installment Based Term Deposit
  • Monthly Installment Based Marriage Savings Investment Scheme
  • Foreign Currency Deposit
  • Pension Deposit Scheme
  • Cash Waqf Deposit Scheme
  • Mudaraba Lakhpoti Deposit Scheme
  • Mudaraba Millionaire Deposit Scheme
  • Mudaraba (Special) Pension Deposit Scheme
  • Mudaraba Kotipoti Deposit Scheme
  • Mudaraba Double Benefit Deposit Scheme

All these Schemes are designed for encouraging people to save today for a better tomorrow. At the same time some schemes profit rate are re-arranged time to time to follow the Islamic Shariah principles.


Al-Arafa Islami Bank Investment products lists are given below:

  • Agriculture
  • Business
  • Construction and Housing
  • Foreign Trade
  • Industry
  • Transportation
  • Hire Purchase
  • Mosque and Madrasa
  • Village
  • Small Enterprise
  • Consumer

Attending all the above sectors the bank contributes in national economy through its investment and guidance whatever is felt necessary by the clients.
To provide best possible service to the clients in foreign trade, Al-Arafa Islami Bank maintains a division namely International Division. The division is enriched with best experienced people in the line. They are always ready to serve you through advice, assistance and documentation. AIBL has developed a worldwide network of correspondent banks for your purposes.
SME Banking
Small and medium scale enterprises are a thrust sector for Bangladesh, as they play a vital role in generating employment and enhancing GDP growth. Naturally AIBL imposes proper importance on the sector. The main purposes of the schemes are revealed as following:

  • Facilitation of SME entrepreneurs
  • Boosting up small businesses
  • Facilitation of Agro industries
  • Broaden the base of Islamic Banking in the society
  • Encouraging women entrepreneurs

Al-Arafa Islami Bank presents credit to the SMEs in two forms, working capital and fixed capital. Five schemes are there for you to choose for having working capital loan. Well, only your choice is not enough, some terms and conditions are to be fulfilled for getting a loan. As a normal practice a security against the loan is required. However, a loan amount below Tk. 200,000 may be considered without security.
Fixed capital loan are provided in three schemes. The conditions are similar to those of working capital loan. You may visit your nearest AIBL branch with your requirement. Al-Arafa Islami Bank is always ready to serve the deserving SMEs.
Micro Finance
A vast majority of our population lives in rural Bangladesh and a high percentage of them are still below poverty level. Unless these millions are brought up above the poverty level, real and sustainable development of our economy is not possible. Some NGOs are working on this issue. But very a few are operated in compliance with Islamic Shariah. Al-Arafa Islami Bank performs here in full compliance with Shariah.
Micro credit program of the bank is executed under supervision of Al-Arafa Islami Bank. Eight groups having five members in each, create a Samitee. The credit is distributed to the members having all the other members of a group as guarantor for it. Personal guarantee from a local eminent person is also accepted. The range of loan is from Tk. 3000 to Tk. 50000 and the modes of loan are Fixed capital investment and Running capital investment.
Al-Arafa Islami Bank is still working with same spirit it started with 16 years back.

Schedule of Charges