Al-Arafah Islami Bank



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SME Banking

	Introduction

	Purpose

	Eligibility

	Modes

	Securities

	Profit/Rent Rates

	Other Charges

	Repayment

	Documentation


AIBL News

20 Jul, 2010 al-arafah islami bank ltd. opens its 65th branch at abdullahpur 19 Jul, 2010 al-arafah islami bank ltd. opens its 64th branch at hemayetpur 18 Jul, 2010 branch managers’ conference of al-arafah islami bank ltd. held 15 Jul, 2010 al-arafah islami bank ltd. brokerage house opens its chittagong branch 14 Jul, 2010 board meeting of al-arafah islami bank ltd. held 24 Jun, 2010 al-arafah islami bank ltd. brokerage house opens its brahmanbaria branch 23 Jun, 2010 audit committee meeting of al-arafah islami bank ltd. held 20 Jun, 2010 aibl donates specialized hospital beds, aircondition machines and life-saving medicines to dhaka medical college hospital burn unit 15 Jun, 2010 al-arafah islami bank ltd. opens its 63rd branch at brahmanbaria 15 Jun, 2010 al-arafah islami bank ltd. opens its 62nd branch at tantar bazaar, akhaura 15 Jun, 2010 jb. badiur rahman re-elected as chairman and s. m. shameem iqbal re-elected as vice chairman of al-arafah islami bank ltd. 13 Jun, 2010 al-arafah islami bank ltd. approved 30% bonus dividend and 1:1 right share 13 Jun, 2010 al-arafah islami bank ltd. brokerage house opens its uttara branch

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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