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Micro Finance
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Modes
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Other Charges
Repayment
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Documentation
AIBL News

19 Apr, 2014
training course on “capacity development in banking operation” held in al-arafah islami bank limited

16 Apr, 2014
al-arafah islami bank limited donates to ahsania mission cancer & general hospital

07 Apr, 2014
alhajj abdus samad re-elected as chairman and alhajj abdul malek mollah re-elected as vice chairman of executive committee of al-arafah islami bank ltd.

07 Apr, 2014
alhajj abdus samad re-elected as chairman and alhajj abdul malek mollah re-elected as vice chairman of executive committee of al-arafah islami bank ltd.

03 Apr, 2014
mr. s m shameem iqbal re-elected as the vice chairman of al-arafah islami bank ltd.

30 Mar, 2014
al-arafah islami bank ltd. approved 13.5% bonus dividend

30 Mar, 2014
mr. badiur rahman will continue as the chairman of al-arafah islami bank ltd. for 7th time

04 Mar, 2014
al-arafah islami bank limited gives donation to the family of martyred army officer killed in bdr carnage at pilkhana

27 Feb, 2014
al-arafah islami bank ltd. recommended 13.5% stock dividend for 2013

06 Feb, 2014
al-arafah islami bank limited inaugurates ‘school banking campaign 2014’

08 Jan, 2014
al-arafah islami bank limited initiates blanket distribution program for the poor

08 Jan, 2014
al-arafah islami bank limited initiates blanket distribution program for the poor

04 Dec, 2013
condolence message

26 Nov, 2013
executive development program on “management principles & corporate governance” held in al-arafah islami bank limited

20 Nov, 2013
in-house magazine ‘probaho’ of al-arafah islami bank limited published

11 Nov, 2013
awareness of online trading/dealing advertisement

05 Nov, 2013
al-arafah islami bank limited, dilkusha branch inaugurates ‘special service month 2013’ program

24 Oct, 2013
al-arafah islami bank ltd. opens its 110th branch at tangail

06 Oct, 2013
aibl started zonal activities

02 Oct, 2013
al-arafah islami bank ltd. opens its 109th branch at bhagyakul, munshigonj

30 Sep, 2013
al-arafah islami bank ltd. opens its 108th branch at padua bazaar, chittagong

12 Sep, 2013
al-arafah islami bank ltd. opens its 107th branch at muradpur, chittagong

08 Sep, 2013
contribute desktop computer to bangladesh supreme court bar association

28 Aug, 2013
seminar on business development of al-arafah islami bank limited, corporate and dhaka zones held

26 Aug, 2013
board meeting of al-arafah islami bank ltd. held

24 Jul, 2013
al-arafah islami bank limited organized discussion meeting on “holy ramadan & al-quran”

22 Jul, 2013
discussion meeting on ‘mahe ramjaner shikkha o tatporjo’ (teachings & importance of holy ramadan) held at aibl vip road branch

22 Jul, 2013
workshop on ‘cib online operation’ held in al-arafah islami bank ltd.

21 Jul, 2013
discussion meeting on ‘saom, iftar & jakat’ held at aibl motijheel corporate branch

18 Jul, 2013
discussion meeting on ‘ramjan o noitikota’ (holy ramadan & ethics) held at aibl gulshan branch

13 Jul, 2013
workshop on ‘readymade garments (rmg) industries financing in aibl’ held in al-arafah islami bank ltd.

07 Jul, 2013
al-arafah islami bank ltd. opens its 105th branch at vandaria, pirojpur

05 Jul, 2013
managers’ conference of al-arafah islami bank ltd. held

03 Jul, 2013
board meeting of al-arafah islami bank ltd. held

01 Jul, 2013
md. habibur rahman new managing director of al-arafah islami bank ltd.

29 Jun, 2013
al-arafah islami bank limited provides scholarship to meritorious students

27 Jun, 2013
al-arafah islami bank ltd. opens its 104th branch at fulbaria, gazipur

27 Jun, 2013
condoleance

23 Jun, 2013
al-arafah islami bank ltd. opens its 103rd branch at rampura, dhaka

19 Jun, 2013
al-arafah islami bank ltd. mirpur branch shifted to new premises

11 Jun, 2013
ict tender

22 May, 2013
aibl capital management ltd. inaugurates merchant banking operation

20 May, 2013
al-arafah islami bank ltd. opens its 101st branch at bormi bazaar, gazipur

19 May, 2013
alhajj abdus samad re-elected as chairman and alhajj abdul malek mollah re-elected as vice chairman of executive committee of al-arafah islami bank ltd.

16 May, 2013
al-arafah islami bank ltd. gives tk. 2 crore to prime minister’s relif and welfare fund for the victims of savar building collapse

14 May, 2013
mr. badiur rahman will continue as the chairman of al-arafah islami bank ltd. for 6th time

14 May, 2013
al-arafah islami bank ltd. approved 17% bonus dividend

29 Apr, 2013
al-arafah islami bank ltd. will donate tk.25,000 and a day’s salary of the employees to each of deceased families in savar tragedy

23 Apr, 2013
al-arafah islami bank ltd. donated tk. 3.0 million to bangladesh olympic association for organizing 8th bangladesh game-2013

13 Apr, 2013
al-arafah islami bank ltd. donates ‘ambulance’ to chittagong university medical center

04 Apr, 2013
al-arafah islami bank ltd. recommended 17% stock dividend for 2012

04 Apr, 2013
price sensitive information

10 Mar, 2013
al-arafah islami bank limited provides scholarship to the poor and meritorious students

09 Mar, 2013
2013_03_09 - training 056

07 Mar, 2013
al-arafah islami bank limited gives donation to the family of martyred army officer killed in bdr carnage at pilkhana

02 Jan, 2013
hrd circular

02 Jan, 2013
hrd circular

Micro Finance
Introduction
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.
Purpose
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
Modes
Working Capital Investment
Bai-Muajjal
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
Documentation
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
Photographs
Eligibility
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
Savings
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)
Repayment
Weakly installment basis
Number of installment is 50
(2% of Investment per week).
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