B. Bank





Agent Banking




Micro Finance
Profit/Rent Rates
Other Charges

26 Nov, 2015
al-arafah islami bank ltd. bhelanagar branch arrenges ‘service month 2015’ program

25 Nov, 2015
al-arafah islami bank ltd. inaugurates ‘mobile atm booth’ service

23 Nov, 2015
al-arafah islami bank ltd. narayangonj arrenges ‘service month 2015’ program

19 Nov, 2015
al-arafah islami bank ltd. gets long term financing fund from bangladesh bank under financial sector support project

18 Nov, 2015
al-arafah islami bank ltd. inaugurates agent banking outlet at baganchra, jessore

12 Nov, 2015
al-arafah islami bank limited bhairab branch shifted to new premises

11 Nov, 2015
aibl condolence

08 Nov, 2015
al-arafah islami bank limited opens 128th branch at ashugonj, brahmanbaria

05 Nov, 2015
al-arafah islami bank limited awarded for participating school banking conference

04 Nov, 2015
al-arafah islami bank ltd. dhanmondi branch inaugurates ‘service month 2015’ program

02 Nov, 2015
al-arafah islami bank ltd. vip road branch inaugurates ‘service month 2015’ program

01 Nov, 2015
al-arafah islami bank ltd. inaugurates ‘service month 2015’ program

Micro Finance
The economy of Bangladesh mostly depends on rural development. Poverty stands in the way of the growth of this economy. Although a number of NGOs and financial organizations work in the sub-urban and villages with a view to alleviating poverty, a very few are found working with the compliance of Islamic Sariah. It is a national responsibility to alleviate abject poverty from the rural area. To help change the socio-economic condition of the impoverished people of the villages, Al-Arafah Islami Bank Limited has initiated a project entitled "Krishi O Grameen Khudra Biniog Prokolpa (Microfinance). With this project, Bank is working for reduction of poverty, development in agricultural sectors, creation of job opportunities etc. We hope this will develop the socio-economic condition of a large segment of the rural folk.
It is a group based work. The main characteristics are:
This is a supervised investment programme
A group consists of 5 (five) members
8 (eight) groups make a Samitee. It means that a Samitee contains 40 members
Every group has a Group Leader and a Deputy Group Leader
Every Samitee has a Samitee Leader and a Deputy Samitee Leader
All members must attend the weekly meeting
Ceiling of Microfinance Investment is from Tk. 3,000 to Tk. 50,000.
To facilitate rural entrepreneurs
To develop socio-economic condition of rural people
To save rural people from usury
To facilitate the growth of agro-industries
To create employment scope
To broaden the base of Islamic Banking in the rural society
To encourage women entrepreneurs
Working Capital Investment
Fixed Capital Investment
HPSM (20% Equity required)
Securities Against Investment
Members in a group are the guarantor of each other
Personal guarantee of local eminent personalities
Hypothecation of stock-in-trade and goods to be fixed delivered under deferred payment
If necessary, Bank may lien personal savings and Long term deposits
Nationality Certificate from Union Parishad Chairman or Birth Registration Certificate or National ID card,
Letter of group guarantee
Letter of agreement
Some necessary Charge Documents
Permanent resident of branch's commanding area
Age must range between 18 to 50 years
Physically fit and capable of working hard
The person borrowed any amount of money from other institution is not eligible to be our microfinance member
All members in a group are the guarantor of each other
Other terms and conditions stipulated by the bank
Members of the group have to open a Non-operative Savings Account in their individual names
Minimum Weekly compulsory savings is 0.2% of approved investment
Normally members cannot withdraw their savings before adjustment of investment, but when emergency, they can take it by fulfilling some terms and conditions.
Rate of Profit/ Rent
Working Capital Investment : 15%
(On Reducing Balance Method)
Other Charges
Risk Fund :
01% of Investment Limit
(Payable before disbursement)
Weakly installment basis
Number of installment is 50
(2% of Investment per week).
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