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MSME Banking
Al-Arafah UDDOG
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AIBL News

28 Sep, 2016
board meeting of al-arafah islami bank ltd. held

27 Sep, 2016
awareness notice!

26 Sep, 2016
‘knowledge sharing session (kss) for the credit report users’ held at al-arafah islami bank limited

25 Sep, 2016
al-arafah islami bank limited inaugurates agent banking outlet at shibpur bazaar, brahmanbaria

24 Sep, 2016
workshop on ‘prevention of money laundering and combating financing of terrorism’ held at al-arafah islami bank limited

22 Sep, 2016
executive committee meeting of al-arafah islami bank ltd. held

20 Sep, 2016
training course on ‘foreing exchange & international trade, phase-3’ held at al-arafah islami bank limited

07 Sep, 2016
board meeting of al-arafah islami bank ltd. held

06 Sep, 2016
al-arafah islami bank ltd. inaugurates xpress money remittance services

05 Sep, 2016
business development conference of al-arafah islami bank limited held

01 Sep, 2016
executive committee meeting of al-arafah islami bank ltd. held

28 Aug, 2016
executive committee meeting of al-arafah islami bank ltd. held

24 Aug, 2016
al-arafah islami bank ltd inaugurates bangora bazaar, comilla

22 Aug, 2016
al-arafah islami bank limited inagurates ‘tree plantation campaign 2016’ at velanagar

21 Aug, 2016
business development conference of al-arafah islami bank limited held

17 Aug, 2016
al-arafah islami bank limited opens 137th branch at chawkbazar, chittagong

14 Aug, 2016
board meeting of al-arafah islami bank ltd. held

11 Aug, 2016
executive committee meeting of al-arafah islami bank ltd. held

09 Aug, 2016
al-arafah islami bank limited donates tk 75 lac to prime minister’s relief fund

07 Aug, 2016
training course on ‘foreign exchange & international trade’ starts at al-arafah islami bank limited

04 Aug, 2016
al-arafah islami bank limited opens ‘hajj booth 2016’ at ashkona hajj camp

03 Aug, 2016
workshop on ‘prevention of money laundering and combating financing of terrorism’ held at al-arafah islami bank limited

02 Aug, 2016
career opportunity

31 Jul, 2016
al-arafah islami bank ltd inaugurates rajendrapur bazaar, gazipur

26 Jul, 2016
audit committee meeting of al-arafah islami bank ltd. held

25 Jul, 2016
al-arafah islami bank limited opens 136th branch at kaliakoir, gazipur

23 Jul, 2016
‘half yearly business development conference 2016’ of al-arafah islami bank ltd. held

18 Jul, 2016
al-arafah islami bank limited opens 135th branch at polashbari, gaibandha

17 Jul, 2016
al-arafah islami bank limited opens 134th branch at natore

10 Jul, 2016
monthly business development conference of al-arafah islami bank limited held

29 Jun, 2016
md. habibur rahman renewed as managing director of al-arafah islami bank ltd.

28 Jun, 2016
al-arafah islami bank limited donates tk 1.5 crore to prime minister’s relief fund

22 Jun, 2016
al-arafah islami bank limited opens 133rd branch at pallabi

20 Jun, 2016
al-arafah islami bank limited opens 132nd branch at chuadanga

15 Jun, 2016
al-arafah islami bank limited opens 131st branch at amanbazar, chittagong

05 Jun, 2016
al-arafah islami bank limited gives bicycles and scholarships to rural students

04 Jun, 2016
al-arafah islami bank limited sponsors inauguration ceremony for meritorious students

01 Jun, 2016
al-arafah islami bank ltd. signs agreement with transfast remmitance llc, usa

29 May, 2016
al-arafah islami bank limited opens 130th branch at laxmipur

25 May, 2016
executive development program on ‘integrity in banking’ held at al-arafah islami bank limited

12 May, 2016
al-arafah islami bank ltd receives ‘letter of appreciation’ from bangladesh bank

09 May, 2016
reception & business development meeting

03 May, 2016
al-arafah islami bank limited chairman alhajj abdus samad meets top executives

02 May, 2016
hafez alhajj mohammad enayet ullah elected as chairman and salim rahman elected as vice chairman of executive committee of al-arafah islami bank ltd.

28 Apr, 2016
alhajj mohammed abdus salam elected as vice-chairman of al-arafah islami bank ltd.

27 Apr, 2016
alhajj abdus samad elected as the chairman of al-arafah islami bank limited

27 Apr, 2016
al-arafah islami bank ltd. approves 15% dividend for 2015

26 Apr, 2016
notice of the 18th extra ordinary general meeting (egm)

21 Apr, 2016
hafez alhajj md. enayet ullah elected as president of moulovi bazar merchant association

24 Mar, 2016
al-arafah islami bank arranges introduction program for school banking services

22 Mar, 2016
price sensitive information

Micro, Small & Medium Enterprises (MSME) Banking
Introduction
Micro Small & Medium Enterprise (MSME) plays an important role in the economic growth and development of a country. MSME works as the platform for job creation, income generation, and development of forward and backward industrial linkages. MSMEs occupied a unique position in the economy of Bangladesh.
Micro, Small and Medium Enterprises (MSMEs) make up the largest portion of the employment base in many developing countries and, indeed, are often the foundation of the local private sector. Micro Enterprise sometimes directly comes from cottage industry. So we consider cottage industries when considering micro enterprises. Now the MSMEs are not only concentrated to traditional and agro-based economic activities; these are spread over other non-traditional manufacturing and service sector as well. To achieve high and sustained economic growth, a triggering force is mandatory to exit from poverty and socio-economic deprivation.
MSMEs constitute the dominant source of industrial employment in Bangladesh (about 80%), and about 90% of the industrial units fall into this category. The actual performance of MSMEs, however, varies depending on the relative economic efficiency, the economic policy environment and the specific promotion policies.
Definition of MSME Enterprise
As per Bangladesh Bank SMESPD Instruction Circular No. 1, Dated: 19 June, 2011, MSME is being defined as follows:

Cottage Industry/ Enterprise

Attributes under the categories

Fixed Assets Value in Taka Excluding Land & Building (Including Replacement Cost)

And/or Total Number of employees

Manufacturing

Less Than 5 Lac

Less Than 10

Service

Less Than 5 Lac

Less Than 10

Trade

Less Than 5 Lac

Less Than 10

Micro Industry/ Enterprise

Attributes under the categories

Fixed Assets Value in Taka Excluding Land & Building (Including Replacement Cost)

And/or Total Number of employees

Manufacturing

5 Lac - 50 Lac

10-24

Service

Less Than 5 Lac

Less Than 10

Trade

Less Than 5 Lac

Less Than 10

Small Industry/ Enterprise

Attributes under the categories

Fixed Assets Value in Taka Excluding Land & Building (Including Replacement Cost)

And/or Total Number of employees

Manufacturing

50 Lac - 10 Crore

25-99

Service

5 Lac - 1 Crore

10-25

Trade

5 Lac - 1 Crore

10-25

Medium Industry/ Enterprise

Attributes under the categories

Fixed Assets Value in Taka Excluding Land & Building (Including Replacement Cost)

And/or Total Number of employees

Manufacturing

10 Crore - 30 Crore

100-250

Service

1 Crore - 15 Crore

50-100

Trade

1 Crore - 15 Crore

50-100

To ensure rapid advancement of Micro, Small & Medium Enterprises, a number of schemes are running in Al-Arafah Islami Bank Ltd. In the light of the definition of Bangladesh Bank, we are giving a priority over financing to three categories of enterprises viz. Industry, Trade & Services. We prior to Area Approach Method when MSME financing.
Purpose of MSME
To facilitate small and medium level entrepreneurs
To boost up the small business in the country
To facilitate the growth of agro-industries
To create employment
To broaden the base of Islamic Banking in the society
To encourage women entrepreneurs
Modes of Investment
Working Capital Investment
Bai-Muajjal
Murabaha / Murabaha TR
MPI / MPI- TR
Fixed Capital Investment
HPSM (Equity required)
Mudaraba
Musharaka
Rate of Profit/ Rent
Working Capital Investment :
As stipulated time to time by the Bank
Fixed Capital Investment :
As stipulated time to time by the Bank
Eligibility
Permanent resident of Bangladesh
The age must range between 25 years to 60 years
Physically fit and capable of working hard
Capable of reading & writing
Capable of managing his / her business successfully
Sufficient Infra-structure and skilled personnel
At least 02 (two) years experience in the applied business
Having Transparent CIB Report
Valid Licenses, such as- Trade License, VAT registration, TIN, NOC from Environment Department (where applicable)
Other terms and conditions stipulated by the bank
Securities Against Investment
Personal guarantee of spouse/parents/other family members.
In case of limited companies, guarantees of all directors other than nominated directors shall be obtained.
Registered mortgage of immovable properties with registered Power of Attorney (for 2 lac and above).
Third party personal guarantee (at least one).
Post dated cheques for each installment and one undated cheque for full investment value including full mark-up profit.
Hypothecation on the inventory, receivables, advance payments, plant and machinery.
Bank may relax the security for investment amount up to 2 lac for the growth of SME investment.
Other securities specified by the Bank depending on the types of the investment.
MSME Investment on Women Entrepreneurs
About 50% of the populations of Bangladesh are women. Women participation in the mainstream of economic activities especially in the productive sectors is crucial for attaining sustainable economic growth, poverty reduction and women’s empowerment. But women participation in economic sector is inadequate and the number of women entrepreneurs is very low compared to that of their male counterparts. There exist many obstacles in women participation in the mainstream of economic activity although the degree of integrity, devotion, creativity and expertise of women make us surprised. Participation of women entrepreneurs in MSME sector is vital for the flourishing of Bangladesh economy and enhancing women empowerment.
Al-Arafah Islami Bank Ltd. is working with women entrepreneurs to make them capable of earning by connecting with country’s economic activities. We give priority to women entrepreneurs to invest on various productive sectors. By the side of collateral secured investment, collateral security free investment is also considered in the question of women development.
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