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AIBL News

25 May, 2017
board meeting of al-arafah islami bank ltd. held

22 May, 2017
hafez alhajj mohammad enayet ullah re-elected as chairman and alhajj salim rahman re-elected as vice chairman of executive committee of al-arafah islami bank ltd.

21 May, 2017
training course on investment operation &management held at al-arafah islami bank limited

16 May, 2017
al-arafah islami bank limited donates tk 2 crore to father of the nation bangabandhu sheikh mujibur rahman memorial trust and tk 2 crore to prime minister’s education assistance trust

14 May, 2017
executive committee meeting of al-arafah islami bank ltd. held

09 May, 2017
al-arafah islami bank limited opens 143rd branch at monirampur, jessore

08 May, 2017
al-arafah islami bank limited opens 142nd branch at magura

06 May, 2017
al-arafah islami bank ltd. approves 20% cash dividend for 2016

06 May, 2017
alhajj abdus samad (labu) re-elected as chairman and alhajj mohammed abdus salam re-elected as vice chairman of al-arafah islami bank limited

04 May, 2017
al-arafah islami bank ltd. opens head office corporate branch at paltan

03 May, 2017
al-arafah islami bank ltd. vip road branch inaugurates service month 2017 program

02 May, 2017
al-arafah islami bank ltd. inaugurates service month 2017 program

30 Apr, 2017
training workshop on investment proposal appraisal held at al-arafah islami bank limited

27 Apr, 2017
executive committee meeting of al-arafah islami bank ltd. held

20 Apr, 2017
al-arafah islami bank limited gives scholarships to rural students

19 Apr, 2017
al-arafah islami bank limited donates tk 25 lac to international chamber of commerce (icc) bangladesh

16 Apr, 2017
training workshop on banking laws and practice held at al-arafah islami bank limited

13 Apr, 2017
executive committee meeting of al-arafah islami bank ltd. held

12 Apr, 2017
al-arafah islami bank ltd. madhabdi branch arranges meet the clients program

09 Apr, 2017
al-arafah islami bank limited and first security islami exchange italy s.r.l inaugurate remittance drawing arrangement

06 Apr, 2017
business development conference of al-arafah islami bank limited held

05 Apr, 2017
training workshop on prevention of money laundering and combating financing of terrorism held at al-arafah islami bank limited

02 Apr, 2017
training course on green banking & environmental risk rating held at al-arafah islami bank limited

28 Mar, 2017
al-arafah islami bank ltd. recommended 20% cash dividend for 2016

27 Mar, 2017
audit committee meeting of al-arafah islami bank ltd. held

23 Mar, 2017
executive committee meeting of al-arafah islami bank ltd. held

21 Mar, 2017
al-arafah islami bank limited inaugurates agent banking outlet at razgonj bazaar, jessore

20 Mar, 2017
training course on foreign exchange & international trade starts at al-arafah islami bank limited

16 Mar, 2017
executive committee meeting of al-arafah islami bank ltd. held

13 Mar, 2017
training workshop on import and export financing held at al-arafah islami bank limited

12 Mar, 2017
training workshop on prevention of money laundering and combating financing of terrorism held at al-arafah islami bank limited

09 Mar, 2017
executive committee meeting of al-arafah islami bank ltd. held

08 Mar, 2017
business development conference of al-arafah islami bank limited held

07 Mar, 2017
annual general meeting of aibl capital management ltd. held

05 Mar, 2017
al-arafah islami bank participated in 10th international poultry show & seminar 2017

01 Mar, 2017
foundation course on banking starts at al-arafah islami bank limited

28 Feb, 2017
training workshop on security control risk management held at al-arafah islami bank limited

23 Feb, 2017
executive committee meeting of al-arafah islami bank ltd. held

22 Feb, 2017
alhajj khalilur rahman elected as chairman and alhajj liakat ali chowdhury elected as vice chairman of aibl capital market services ltd.

18 Feb, 2017
board meeting of al-arafah islami bank ltd. held

16 Feb, 2017
executive committee meeting of al-arafah islami bank ltd. held

15 Feb, 2017
al-arafah islami bank limited gives concurrent audit performance award

14 Feb, 2017
al-arafah islami bank ltd. natunbazar baridhara branch shifted to new premises

13 Feb, 2017
training workshop on prevention of money laundering and combating financing of terrorism held at al-arafah islami bank limited

12 Feb, 2017
al-arafah islami bank ltd. signs green transformation fund (gtf) agreement with bangladesh bank

09 Feb, 2017
executive committee meeting of al-arafah islami bank ltd. held

07 Feb, 2017
business development conference of al-arafah islami bank limited held

06 Feb, 2017
executive committee meeting of al-arafah islami bank ltd. held

05 Feb, 2017
workshop on foreign exchange & international trade starts at al-arafah islami bank limited

29 Jan, 2017
workshop on working capital analysis held at al-arafah islami bank limited

26 Jan, 2017
executive committee meeting of al-arafah islami bank ltd. held

22 Jan, 2017
workshop on branch management held at al-arafah islami bank limited

21 Jan, 2017
business development conference 2017 of al-arafah islami bank limited held

15 Jan, 2017
workshop on agent banking : biometric migration held at al-arafah islami bank limited

12 Jan, 2017
executive committee meeting of al-arafah islami bank ltd. held

10 Jan, 2017
al-arafah islami bank ltd. barisal branch initiates blanket distribution program for the poor

05 Jan, 2017
board meeting of al-arafah islami bank ltd. held

03 Jan, 2017
al-arafah islami bank limited initiates blanket distribution program for the poor

29 Dec, 2016
board meeting of aibl capital management ltd. held

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

27 Dec, 2016
al-arafah islami bank limited opens 140th branch at azampur, dhaka

18 Dec, 2016
workshop on investment/credit rating held at al-arafah islami bank limited

11 Dec, 2016
millennium organizes global finance award celebration & client recognition ceremony

08 Dec, 2016
al-arafah islami bank limited donates blankets to prime minister’s relief fund

06 Dec, 2016
board meeting of al-arafah islami bank ltd. held

05 Dec, 2016
al-arafah islami bank ltd. signs mamorandum of understanding (mou) with hajj agencies association of bangladesh (haab)

01 Dec, 2016
announcement for written exam for the post of mto/eo (on probation)

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

30 Nov, 2016
al-arafah islami bank sponsors bangladesh team in international junior science olympiad

27 Nov, 2016
workshop on icc policy guideline 2016 held at al-arafah islami bank limited

24 Nov, 2016
executive committee meeting of al-arafah islami bank ltd. held

23 Nov, 2016
al-arafah islami bank sponsors bangladesh team in international junior science olympiad

22 Nov, 2016
al-arafah islami bank limited opens 139th branch at kaligonj, keranigonj

17 Nov, 2016
foundation course on banking for newly recruited officers held at al-arafah islami bank limited

10 Nov, 2016
executive committee meeting of al-arafah islami bank ltd. held

07 Nov, 2016
al-arafah islami bank ltd. opens atm booth at new elephant road, dhaka

06 Nov, 2016
al-arafah islami bank limited opens 138th branch at mostofapur, madaripur

03 Nov, 2016
al-arafah islami bank inaugurates atm card for agent banking

02 Nov, 2016
"foundation course on banking" for newly recruited officers started at al-arafah islami bank limited

01 Nov, 2016
al-arafah islami bank donates pickup vans to dhaka metropolitan police

30 Oct, 2016
board meeting of al-arafah islami bank ltd. held

27 Oct, 2016
al-arafah islami bank limited received "icmab best corporate award 2015"

25 Oct, 2016
al-arafah islami bank limited arranges anti money laundering workshop at jessore

24 Oct, 2016
millennium information solution limited receives "global finance" award

23 Oct, 2016
al-arafah islami bank limited inaugurates agent banking outlet at bakra bazaar, jessore

20 Oct, 2016
executive development program on "marketing of financial products & services" held at al-arafah islami bank limited

16 Oct, 2016
training course on "islamic ideology, courtesy & customer service" starts at al-arafah islami bank limited

10 Oct, 2016
al-arafah islami bank patronizes research for livestock development

09 Oct, 2016
workshop on "women entrepreneur development in aibl" held at al-arafah islami bank limited

04 Oct, 2016
al-arafah islami bank ltd. celebrates 21st anniversary

03 Oct, 2016
al-arafah islami bank limited sponsors "international conference on banking and finance" organized by bangladesh institute of bank management (bibm)

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

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

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

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

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

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

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

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

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

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

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 ministers 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

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

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.

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

Micro Finance
Introduction
The economy of Bangladesh mostly depends on rural development. Poverty stands in the way of the growth of this economy. Although a number of NGOs and financial organizations work in the sub-urban and villages with a view to alleviating poverty, a very few are found working with the compliance of Islamic Sariah. It is a national responsibility to alleviate abject poverty from the rural area. To help change the socio-economic condition of the impoverished people of the villages, Al-Arafah Islami Bank Limited has initiated a project entitled "Krishi O Grameen Khudra Biniog Prokolpa (Microfinance). With this project, Bank is working for reduction of poverty, development in agricultural sectors, creation of job opportunities etc. We hope this will develop the socio-economic condition of a large segment of the rural folk.
It is a group based work. The main characteristics are:
This is a supervised investment programme
A group consists of 5 (five) members
8 (eight) groups make a Samitee. It means that a Samitee contains 40 members
Every group has a Group Leader and a Deputy Group Leader
Every Samitee has a Samitee Leader and a Deputy Samitee Leader
All members must attend the weekly meeting
Ceiling of Microfinance Investment is from Tk. 3,000 to Tk. 50,000.
Purpose
To facilitate rural entrepreneurs
To develop socio-economic condition of rural people
To save rural people from usury
To facilitate the growth of agro-industries
To create employment scope
To broaden the base of Islamic Banking in the rural society
To encourage women entrepreneurs
Modes
Working Capital Investment
Bai-Muajjal
Fixed Capital Investment
HPSM (20% Equity required)
Securities Against Investment
Members in a group are the guarantor of each other
Personal guarantee of local eminent personalities
Hypothecation of stock-in-trade and goods to be fixed delivered under deferred payment
If necessary, Bank may lien personal savings and Long term deposits
Documentation
Nationality Certificate from Union Parishad Chairman or Birth Registration Certificate or National ID card,
Letter of group guarantee
Letter of agreement
Some necessary Charge Documents
Photographs
Eligibility
Permanent resident of branch's commanding area
Age must range between 18 to 50 years
Physically fit and capable of working hard
The person borrowed any amount of money from other institution is not eligible to be our microfinance member
All members in a group are the guarantor of each other
Other terms and conditions stipulated by the bank
Savings
Members of the group have to open a Non-operative Savings Account in their individual names
Minimum Weekly compulsory savings is 0.2% of approved investment
Normally members cannot withdraw their savings before adjustment of investment, but when emergency, they can take it by fulfilling some terms and conditions.
Rate of Profit/ Rent
Working Capital Investment : 15%
(On Reducing Balance Method)
Other Charges
Risk Fund :
01% of Investment Limit
(Payable before disbursement)
Repayment
Weakly installment basis
Number of installment is 50
(2% of Investment per week).
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