Al-Arafah Islami Bank



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	Schedule of Charges

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AIBL News

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 25 Apr, 2013 proxy form (agm) 2013 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 notice of the agm 04 Apr, 2013 price sensitive information 04 Apr, 2013 notice of the egm 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 05 Feb, 2013 rfp for merchant bank management software 02 Jan, 2013 hrd circular 02 Jan, 2013 hrd circular 26 Dec, 2012 board meeting of al-arafah islami bank ltd. held 03 Jun, 2012 bonus share 31 May, 2012 al-arafah islami bank ltd. opens its 89th branch at rahimanagar 30 May, 2012 concluding ceremony of ‘foundation course on banking’ at al-arafah islami bank ltd. held 23 May, 2012 mr. s m shameem iqbal re-elected as the vice chairman of al-arafah islami bank ltd. 20 May, 2012 al-arafah islami bank ltd. approved 21% bonus dividend 20 May, 2012 mr. badiur rahman will continue as the chairman of al-arafah islami bank ltd. for 5th time 13 May, 2012 al-arafah islami bank ltd launches “xpress money” under remittance arrangement with southeast bank limited 08 May, 2012 attendance slip & proxy form 03 May, 2012 notice of the 17th annual general meeting (agm) 19 Apr, 2012 al-arafah islami bank ltd. recommended 21% stock dividend for 2011 19 Apr, 2012 price sensitive information 19 Apr, 2012 al-arafah islami bank ltd. launched ‘fast cash’ debit card 10 Apr, 2012 al-arafah islami bank ltd. signs mamorandum of understanding (mou) with hajj agencies association of bangladesh (haab) 24 Mar, 2012 al-arafah islami bank ltd. inaugurates school banking and provides scholarship to poor students 12 Mar, 2012 kazi towhidul alam new deputy managing director of al-arafah islami bank ltd.

Schedule of Charges

Al-Arafah Islami Bank Ltd.

Schedule of Charges

Effect from 08/03/2011.

1	Charges and fees for On line accounts
	Description of Services		Charges
	A. Intra Division (Under the same Division)
	Cash Deposit, Cash Withdrawal, A/c to A/c Fund Transfer		Free
	B. Inter Division (Between Different Division)
	Cash Deposit	Maximum Limit : Un limited
		Up to Tk 1.00,000	Free
		From Tk. 1,00,001 To Tk 2,00,000	Tk. 50.00+15% VAT
		From Tk. 2,00,001 To Tk 4,00,000	Tk. 100.00+15% VAT
		From Tk. 4,00,001 To Tk 6,00,000	Tk. 200.00+15% VAT
		From Tk. 6,00,001 To Tk 10,00,000	Tk. 300.00+15% VAT
		From Tk.10,00,001 To Tk 15,00,000	Tk. 500.00+15% VAT
		From Tk.15,00,001 To Tk 20,00,000	Tk. 800.00+15% VAT
		Above Tk. 20,00,000	Tk. 1,000.00+15% VAT
	Cash Withdrawal	Maximum Limit : Tk. 5.00 Lac
		Up to Tk 50,000	Free
		From Tk. 50,001 To Tk 2,00,000	Tk. 50.00+15% VAT
		Above Tk. 2,00,000	Tk. 100.00+15% VAT
	A/c to A/c Fund Transfer	Maximum Limit : Un limited
		Up to Tk 1.00,000	Free of cost
		From Tk. 1,00,001 To Tk 2,50,000	Tk. 50.00+15% VAT
		From Tk. 2,50,001 To Tk 5,00,000	Tk. 100.00+15% VAT
		From Tk. 5,00,001 To Tk 10,00,000	Tk. 250.00+15% VAT
		From Tk. 10,00,001 To Tk 15,00,000	Tk. 500.00+15% VAT
		From Tk. 15,00,001 To Tk 20,00,000	Tk. 750.00+15% VAT
		Above Tk. 20,00,000	Tk. 1000.00+15% VAT
	Monthly Special Schemes’ Cash(Installment) Deposit / A/C Transfer		Free
	Brokerage House A/C : Cash Deposit/ Cash Withdrawal / A/C Transfer		Free


1.1	Account Maintenance Fee
	Al-wadiah Current Account		Tk-500/- (Half Yearly)
	Mudaraba Short Notice Account Deposit		Tk-500/- (Half Yearly)
	Mudaraba Savings Account
	Average Balance:	a) 0- Tk. 5,000/-	Nil
		b) Tk 5,000/- to Tk. 25,000/-	Tk-100/- (Half Yearly)
		c) Tk. 25,000/- and Above	Tk-300/- (Half Yearly)

1.2	Service Charges:
	Foreign Currency Accounts-RFCD,NFCD etc	No Charge
	NRB A/C for IPO/BO application	Tk-1,000/-

1.3	Minimum Deposit for opening Account	Charges
	Al-wadia Current Account	Tk-2,000/-
	Mudaraba Short Notice Account Deposit	Tk-5,000/-
	Mudaraba Savings Account	Tk-500/-

1.4	Minimum Balance in the Account
	Al-wadiah Current Account	Tk-2,000/-
	Mudaraba Short Notice Account Deposit	Tk-5,000/-
	Mudaraba Savings Account	Tk-500/-

1.5	Account Closing Charge	Charges
	Al-wadiah Current Account	Tk-300/-
	Mudaraba Short Notice Account Deposit	Tk-300/-
	Mudaraba Savings Account	Tk-200/-
	Different Monthly Savings Scheme Before or After Maturity	Nil

1.6	Dormant Account re opening charge	Charges
	To open Dormant Account	Tk-200/-

1.7	Charge for issuing Cheque book
	Charge for giving cheque book	Tk. 3.00 per leaf

1.8	Account Statement charge
	Balance confirmation Certificate /Regular Statement -Half yearly/Yearly	No Charge
	Duplicate Statement (Balance confirmation Certificate /Regular Statement)	Tk-200/-

1.9	Charge for Certificate/ report	Charges
	Issue of Beneficiary Owner’s Certificate	Tk-1,00/-
	Balance Confirmation Certificate
	( In case of addition to twice in a year i.e. Half yearly & Annually)	Tk-2,00/-
	Profit Certificate	Tk-100/-
	Solvency Certificate	Tk-500/-
	Tax/Vat Certificate	Tk-200/-
	Credit/Solvency Information (Local) to 3rd Party	Tk-500/-
	Certificate of Inward remittance	Tk-200/-
	Certificate of Purchase /Encashment of Boand /Securities	Tk-200/-
	Duplicate Advice more than 6 Month old	Tk-300/-
	Issue of any other certificate	Tk-300/-
	Issue of any other duplicate Certificate	Tk-300/-
	Attestation of Certificate	Tk-300/-
	Attestation of Account Statement (Any type)	Tk-200/-

1.10	Locker Facility Charge	Charges
	Locker Charge (Small) Annually	Tk-1,500/-
	Locker Charge (Medium) Annually	Tk-2,000/-
	Locker Charge (Large) Annually	Tk-2,500/-
	Locker Security Deposit (Refundable)	Tk-2,500/-
	Locker Key Replacement Cost (Per replacement)	Tk-1,000/-
	Insurance Premium	At actual

2.0	Local Remittance Charges and fees	Charge
2.1	Bangladesh Bank Cheque Issuance Fee	Tk-250/-

2.2	Stop Payment Charge:
	Stop Payment instruction on Cheque	Tk-100/ (per instruction)
	Stop Payment instruction Cancellation	Tk-100/- (per instruction)

2.3	Cheque Return Fee:
	Bounced cheque drawn on us (Cash, Clearing or transfer)	Tk-200/-(per instance)
	Cheque Return unpaid from Clearing House	Tk-100/-(per instance)

2.40	Local Cheque Collection Fee:
	Local Cheque Collection under Clearing House	No Charge
	Cheque Collection - where there is no Clearing House actual charge	Actual/ Minimum Tk-50/-

2.5	Collection of outstation cheques, Clean Bills/Documents(OBC):	Charge
	Up to Tk. 25,000.	0.20% at least Tk-50/- + (actual postal charge/ minimum Tk-25/-)
	From Tk. 25,001toTk 100,000	0.20% at least Tk-100/- + (actual postal charge/ minimum Tk-50/-)
	From Tk 100,001 to Tk 500,000	0.15% at least Tk-200/- + (actual postal charge/ minimum Tk-50/-)
	From Tk 500,001 to Tk 10,00,000	0.10% at least Tk-750/- height Tk-1,000/-+ (actual postal charge/ minimum Tk-50/-)
	Above Tk. 10,00,000	0.10% at least Tk-1000 ,height Tk-3,000/- +(actual postal charge/minimum Tk-50/-)

2.6	Standing Instruction (Sl):	Charge
	Standing instruction (Sl) creation Charge	Tk-100 (One time)
	Sl for Transfer of Funds between a/cs within same branch	No Charge
	Sl for Transfer of Funds within city branch	Tk-100 (Per execution)
	Sl for Transfer of Funds between inter city branch	Tk-100 (Per execution)
	Sl for Transfer of Funds of other banks	Tk-100 (Per execution)
	Failure of Sl due to insufficient fund	Tk-100 (Per execution)
	Amendment of Sl	Tk-50 (Per execution)
	Cancellation of Sl	No Charge

2.7	Auxiliary Service Charge :	Charges
	Internet Banking	Tk-200 /- (Yearly)
	SMS Banking	No Charge
	Phone Banking	No Charge

2.8	Pay Order, TT, DD :
a)	Pay Order Issuance Commission	Upto Tk. 1 lac	Tk. 20/-
		From Tk. 1 lac to Tk. 5 lac	Tk. 30/-
		From Tk. 5 lac to Tk.10 lac	Tk. 50/-
		Above Tk 10 lac	Tk. 100/-
b)	T.T issue Charge		@ 0.15% or minimum Tk 25/-
b)	T.T issue Charge		Plus Telephone/Swift/Telex Tk 30/
c)	Demand Draft Issuance Commission		@ 0.15% or minimum Tk 25/-
d)	Pay Order /Demand Draft Cancellation Charge		No Charge
e)	Pay Order Issuance of Duplicate DD/MTDR/Other Instrument		Tk. 300/-

Import:
SL No	Nature of Transactions	Period/Value	Charge
1	L/C Opening Commission
	i) Cash L/C (Sight)	Each Quarter	0.40%
	i) Cash L/C (Sight)	Minimum charge	Tk. 500/-
	ii) Cash L/C (Sight) for 100% cash security	For each quarter	0.25%
	ii) Cash L/C (Sight) for 100% cash security	Minimum charge	Tk. 500/-
	iii) Cash L/C (usance)	Each Quarter	0.50%
	iii) Cash L/C (usance)	Minimum charge	Tk. 750/-
	iv) Inland Back to Back L/C (sight)	Each Quarter	0.40%
	iv) Inland Back to Back L/C (sight)	Minimum charge	Tk. 500/-
	v) Inland Back to Back L/C (usance)	Each Quarter	0.40%
	v) Inland Back to Back L/C (usance)	Minimum charge	Tk. 500/-
	vi) Foreign Back to Back L/C (sight)	Each Quarter	0.40%
	vi) Foreign Back to Back L/C (sight)	Minimum charge	Tk. 500/-
	vii) Foreign Back to Back L/C (usance)	Each Quarter	0.40%
	vii) Foreign Back to Back L/C (usance)	Minimum charge	Tk. 500/-
	viii) L/C under aid/Loan	Each Quarter	0.40%
	viii) L/C under aid/Loan	Minimum charge	Tk. 500/-
	ix) L/C under STA	Each Quarter	0.40%
	ix) L/C under STA	Minimum charge	Tk. 1000/-
	x) Import from EPZ (cash L/C sight)	Each Quarter	0.40%
	x) Import from EPZ (cash L/C sight)	Minimum charge	Tk. 500/-
	xi) Import from EPZ (cash L/C usance)	Each Quarter	0.50%
	xi) Import from EPZ (cash L/C usance)	Minimum charge	Tk. 500/-
	xii) Import from EPZ (BB L/C sight)	Each Quarter	0.40%
	xii) Import from EPZ (BB L/C sight)	Minimum charge	Tk. 500/-
	xiii) Import from EPZ (BB L/C usance)	Each Quarter	0.40%
	xiii) Import from EPZ (BB L/C usance)	Minimum charge	Tk. 500/-
	xiv) Other L/C	Each Quarter	0.40%
	xiv) Other L/C	Minimum charge	Tk. 500/-
2	L/C Transmission:
	i) By SWIFT	a) SWIFT	Tk. 2500/-
	ii) By Courier	a) Within the Country	At actual
		b) To India	At actual
		c) Other Location	At actual
	iii) By Mail (Postage)	a) Within the Country	At actual
	iii) By Mail (Postage)	b) Other Country	At actual
3	L/C Amendment:	a) Amendment charge	Tk. 350/-
		b) If value increased commission @ rate mentioned in SL –1 on increased value	As Applicable in SL. No. -1
		c) If time extended, commission @ as mentioned in SL –1 for extended period.	As Applicable in SL. No. -1
		d) If beneficiary or beneficiary’s address is changed, commissioned to be realized @ as mentioned in SL- 1.	As Applicable in SL. No. -1
4	Transmission of L/C Amendment:
	i) By SWIFT	a) SWIFT	Tk. 1000/-
	ii) By Courier	a) Within the Country	At actual
		b) To India	At actual
		c) Other Location	At actual
	iii) By Mail (Postage)	a) Within the Country	At actual
	iii) By Mail (Postage)	b) Other Country	At actual
5	Add Confirmation Charge:	i) Arrangement Commission	0.20% per quarter and part thereof
5	Add Confirmation Charge:	ii) Foreign Bank’s Charge	At actual in case of opener’s account
6	Acceptance Commission on BB Bills and Cash L/C (deferred) Bills :	a) First quarter	0.40%
		a) First quarter	Mini Tk. 1000/-
		b) For each subsequent quarter or part thereof	0.30%
		b) For each subsequent quarter or part thereof	Mini Tk. 500/-
7	Document Retirement Charge:	i) On Cash Payment	Tk. 1200/-
		ii) On Post Import Facility	0.25% maxi Tk. 5000/-
		ii) On Post Import Facility	per docs.
8	Re-imbursement payment charge	i) Arrangement of payment	Tk. 500/-
		ii) Transmission of Re-imbursement	Tk. 1000/-
		authority/ payment instruction	Tk. 1000/-
		iii) Foreign Bank’s charge on opener’s	At actual
		account	At actual
9	Correspondence Charges:	Other country	Tk. 500/- per MSG
10	Collection of Bill of entry from local port authority		At actual +
10	Collection of Bill of entry from local port authority		Tk. 200/- (Per bill)
11	Printing stationery for L/C Opening		Tk. 350/-
12	Collection of suppliers credit Report		At actual + Tk. 500/-
13	Discrepancy Charge	i) Intimation of Importer	At actual + Tk. 50/-
13	Discrepancy Charge	ii) Payment of Discrepant Bills	USD 50/- to be deduction from Bill value (per case)
14	Shipping Guarantee / NOC (If shipping guarantee is issued retirement charge and payment instruction charge to be realized with shipping guarantee charge)		Tk. 1,000/-
15	Legal Fees Incase filled by foreign Bank/supplier		At actual
16	Profit of loan against EDF after 1st January 2010	Profit @ Six month USD LIBOR+2.50%	a) before availing fund from Bangladesh Bank @ 7% from date of import payment till date of availing fund
16	Profit of loan against EDF after 1st January 2010	Profit @ Six month USD LIBOR+2.50%	b) from date of availing fund from Bangladesh Bank till date of refund @ USD libor+2.50%

Export:

SL No	Nature of Transactions	Period/Value	Charge
1	Advising of Foreign Bank’s Export L/C	i) Client	Tk. 750/-
1	Advising of Foreign Bank’s Export L/C	ii) Non Client	Tk. 750/-
2	Advising of Amendment of Export L/C	i) Client	Tk. 750/-
2	Advising of Amendment of Export L/C	ii) Non Client	Tk. 750/-
3	Transfer of Export L/C	i) Export L/C	Tk. 750/- (per transfer)
3	Transfer of Export L/C	ii) Transfer of Amendment of export L/C	Tk. 500/- (per transfer)
4	Advising of Inland export L/C:	i) Client	Tk. 500/-
4	Advising of Inland export L/C:	ii) Non Client	Tk. 750/-
5	Advising of Amendment of Inland L/C:	i) Client	Tk. 300/-
5	Advising of Amendment of Inland L/C:	ii) Non Client	Tk. 500/-
6	Confirmation to foreign Banks L/C:	a) Sight L/C	0.50%
		b) Deferred up to 180 days	1.50%
		c) Deferred beyond 180 days	2%
7	Negotiation/Purchase of Bills (FBP/IBP):	i) Foreign bill (sight)	Exchange gain
		ii) Foreign bill a) If usance rate applied	Exchange gain
		(usance) b) If OD sight rate applied	Vokalatnama Fee @ 1.41% for every 30 days
		iii) Inland Export Bills (IBP) in BDT	Vokalatnama Fee @ 1.41% for every 30 days
		iv) Inland export Bill (IBP) in F.C.	Exchange gain
		v) Service Charge for each bill (FBP/IBP)	Tk. 500/-
8	Overdue Profit on FBP and IBP	Beyond 21 days for sight bill and beyond usance period for usance bill	Compensation @ 1.41% for every 30 days
9	Collection of export Bills	i) Export Bill drawn on Banks out side Bangladesh	Export bill drawn on Banks outside/within Bangladesh : Tk. 500/-
9	(Docs sent on collection basis)	ii) Export Bill drawn on Banks within Bangladesh
10	Mailing of export document
	i) By Courier	a) Within the country	Tk. 300/-
	i) By Courier	b) Other country	Tk. 2500/-
	ii) By Mail (Postage)	a) Within the country	Tk. 300/-
	ii) By Mail (Postage)	b) Other country	Tk. 1500/-
11	Foreign Banks charge on local beneficiary account		At actual + Tk. 200/-
Foreign Remittance:

SL No	Nature of Transactions	Period/Value	Charge
1	Issue of FDD, FTT, MT		Tk. 300/- + postage (at actual) / Swift Charge
1	Issue of FDD, FTT, MT		Tk. 500/-
2	Cancellation of FDD, FTT, MT		Tk. 200/- + postage (at actual) / Swift Charge
2	Cancellation of FDD, FTT, MT		Tk. 500/-
3	Issue of duplicate instrument		Tk. 250/- + postage
			(at actual) / Swift
			Tk. 500/-
4	Issue of T.C		1% minimum Tk. 100/-
5	Issue cash F.C		Endorsement charge Tk. 300/-
6	Collection of F.C draft/cheque	i) Within the country	Tk. 100/- + postage at actual
6	Collection of F.C draft/cheque	ii) From abroad	Tk. 100/- + Postage Tk. 500/-
7	Encashment of FDD, FTT, TC at counter		Minimum Tk. 100/-
7	Encashment of FDD, FTT, TC at counter		Maximum Tk. 300/-

Bank Guarantee:
SL No	Nature of Transactions	Period/Value	Charge
1	Local Bank Guarantee		0.50% per quarter and stamp at actual
2	BID bonds/Performance bond/counter guarantee/stand be L/C against 100% counter guarantee by foreign correspondence.		0.40% per quarter + stamp duty
3	BID bond/performance bond /advance payment guarantee fvg. oversees beneficiary through foreign correspondence at request of local client		0.40% per quarter mini Tk. 1000/- + stamp duty
4	Postage/Mailing charge		At actual

Charges/Commission of Miscellaneous Foreign Transaction

SL No	Nature of Transactions	Period/Value	Charge
1	Issue of Back to Back L/C Certificate		Tk. 200/- per certificate
2	Issue of C & F Certificate		Tk. 200/- per certificate
3	Issue of No. Objection Certificate		Tk. 500/- per certificate
4	Issuance of PRC		Tk. 500/-
5	Renew of IRC		Tk. 50/-
6	Issue of Exp		50/- per set
7	Cancellation of Exp		50/- per set
8	Lost of Exp under custody of client		100/- per case
9	Issue performance certificate/solvency certificate		300/- per case
10	Opening of student file		Tk. 4000/-
11	Service charge	Cash Incentive EDF Duty drawback	Tk. 2000/- per case
12	Processing Fee	i) Buying house and freight forwarder	Tk. 3000/- per case
		ii) Indentor with Bangladesh Bank	Tk. 3000/- per case
		iii) Selling/commission against abroad on behalf of local exporter	Tk. 3000/-


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