Al-Arafah Islami Bank Limited is a scheduled commercial bank operating in Bangladesh. The bank is running its activities under the management of a qualified Board of Directors which is composed of renowned professionals, successful businessmen and bankers having vast knowledge and experience in banking, finance, industry and trade. In line with the vision of its founder and with the guidance of the Shariah Board, Al- Arafah Islami Bank Limited is committed to the enhancement of socio-economic development in Bangladesh through promotion of socially responsible financial products & services for its customer base of individuals, corporations, small and medium-sized enterprises and government.

History

Offering Shariah-based banking, Al-Arafah Islami Bank was founded in 1995 as a private limited sahakari bank. The bank started as a local development finance institution and was approved as a fully Islamic commercial bank by the Bangladesh Bank. In 2003, the company became a joint stock company and opened various branches throughout Bangladesh.

Mission

To provide personalized and dedicated customer service through the development of innovative Shariah based products and services in an ethical and responsible manner and to provide economic growth and improve the standard of living of society at large.

Vision

To provide an inclusive, customer-traveled and ethical banking service that meets the needs of all clients, promote ethical and responsible banking practices, and become a pioneer in promoting Islamic banking in the country.

Key Team

Mohammad Abdus Salam (Director)

Mahbubul Alam (Independent Director)

Md. Harun-ar-Rashid Khan (Nominee Director)

Mohammed Haroon (Director)

M. Kamal Uddin Chowdhury (Independent Director)

Ahamedul Hoque (Director)

Niaz Ahmed (Director)

Mawlana Mohammad Abdul Hai Nadvi (Member of Shariah Supervisory Committee)

Salim Rahman (Chairman of The Board & Member of Shariah Supervisory Committee)

Hafez Md. Enayet Ullah (Director)

Md. Anowar Hossain (Director)

Mohammed Emadur Rahman (Director)

Badiur Rahman (Director)

Shahed Rahmani (Member of the Shariah Supervisory Committee)

Abdus Samad Labu (Director)

Md. Amir Uddin (Independent Director)

Abdul Malek Mollah (Director)

Md. Liakat Ali Chowdhury (Director)

Nazmul Ahsan Khaled (Director)

A. Z. M. Shamsul Alam (Member of Shariah Supervisory Committee)

Khandaker Mesbahuddin Ahmed (Director)

Sayeed Ahmad Muzaddedi (Chairman of the Shariah Supervisory Committee)

Md. Rafiqul Islam (Senior VP & Director)

Mohammad Abul Hossain Al-Azhari (Member of Shariah Supervisory Committee)

Recognition and Awards

Al-Arafah Islami Bank has received numerous awards for its services, including the Brand Award from Small and Medium Enterprises Foundation, the Bangladesh Business Award from Bangladesh Brand Forum and the Top Islamic Banks Award from Islamic Finance News.

References

https://in.investing.com/equities/al-arafah-islami-bank-ltd

https://www.crunchbase.com/organization/al-arafah-islami-bank

www.al-arafahbank.com/index.php

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Leadership team

Farman R. Chowdhury (MD, CEO & Director)

Muinul Islam (Member of the Shariah Supervisory Committee)

Abu Naser Mohammad Yeahea (Vice Chairman of the Board)

Products/ Services

Banking, Finance, Financial Services

Number of Employees

1,000 - 20,000

Headquarters

Dhaka, Dhaka, Bangladesh

Established

1995

Traded as

DSE:ALARABANK

Social Media

URL

www.al-arafahbank.com/index.php

Last updated: Tue Feb 25 2025

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Al-Arafah Islami Bank

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