Al-Arafah Islami Bank Limited has signed Memorandum of Understanding (MoU) with aamra Payment Systems Limited (APSL), a payment systems service provider, to collaborate on the development of cutting-edge payment systems and solutions in Bangladesh. The MoU Signing Ceremony was held on 16 August 2017 at Al-Arafah Tower, the Head Office of the Bank. Alhajj Abdus Samad, Chairman of the Bank and Syed Faruque Ahmed, Chairman of aamra companies were present in the occasion where Managing Director of Al-Arafah Islami Bank Limited Md. Habibur Rahman and Managing Director of aamra technologies Syed Farhad Ahmed signed the agreement on behalf of their respective organizations. Director of the Bank Alhajj Abdul Malek Mollah was present as Special Guest.
AIBL is one of the flourishing Banks in Bangladesh and contribute significantly to the growth of the National Economy through the integration of modern technology. The AIBL-aamra collaboration is expected to add remarkable value in the payment industry of Bangladesh and thousands of AIBL customers shall be benefited out of modern payment solution. Under this MoU AIBL shall also be a settlement Bank of aamra Payment Systems Limited, a PSO (Payment Systems Operator) licensee awarded by Bangladesh Bank, for its future payment solution projects.
Among the participants of the signing ceremony were Kazi Towhidul Alam, Deputy managing Director, Md. Fazlul Karim, Deputy Managing Director, Muhammad Mahmoodul haque, Deputy managing Director, Syed Masodul Bari, Executive Vice President, Md. Abdur Rahim Duary, Executive Vice President, Abdul Hannan Khan, Executive Vice President and Company Secretary and Jalal Ahmed, Vice President from Al-Arafah Islami Bank. From aamra Sharful Alam, Chief Operating Officer, Md. Mosiur Rahman, General Manager, Mohammad Abed Saadullah, Head of Business Development, Sougata Karmakar, Assistant General Manager and Akhter Zahir Shamim, Senior Manager were among the attendees along with other officials.