Al-Arafah Islami Bank



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SME Banking

	Introduction

	Purpose

	Eligibility

	Modes

	Securities

	Profit/Rent Rates

	Other Charges

	Repayment

	Documentation


AIBL News

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 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.

SME Banking

Introduction

Small and Medium Enterprise (SME) is playing a significant role to the growth of overall GDP of the country. Of all industrial productions, a huge part stems from SME. In order to boost up the small and medium enterprises of the country, Bangladesh Bank has recently advised the commercial banks to enhance the flow of investment and offered directives and policies to supervise and monitor this sector.

As SME has emerged as a thrust sector, Al-Arafah Islami Bank Ltd. also considers it important to extend and enhance finance for the same. Keeping this idea in the forefront, the bank has prepared an integrated policies, methods and procedures for SME investment.

Purpose

	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

	Working Capital Investment

		Bai-Muajjal

		Murabaha / Murabaha TR

		MPI / MPI- TR

		Mudaraba

		Musharaka

	Fixed Capital Investment

		HPSM (Equity required)

		Mudaraba

		Musharaka

Rate of Profit/ Rent

	Working Capital Investment : 16% (On Reducing Balance Method)

	Fixed Capital Investment : 15% (On Reducing Balance Method)

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.


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