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AIBL News

21 Jun, 2017
al-arafah islami bank limited opens 146th branch at patuakhali

20 Jun, 2017
al-arafah islami bank limited signs collaborative remittance drawing arrangement agreement with nec money transfer limited, uk

19 Jun, 2017
board meeting of al-arafah islami bank ltd. held

18 Jun, 2017
al-arafah islami bank limited opens 145th branch at aminbazar, savar

17 Jun, 2017
al-arafah islami bank inauguarates aibl tower

11 Jun, 2017
al-arafah islami bank limited opens 144th branch at bhatiyari, chittagong

08 Jun, 2017
iftar mahfil at al-arafah islami bank limited held

07 Jun, 2017
meeting for exchange of views with the female employees of al-arafah islami bank ltd held

06 Jun, 2017
al-arafah islami bank limited arranges discussion on ramadan & al-quran and iftar mahfil at dilkusha branch

05 Jun, 2017
monthly business development conference of al-arafah islami bank limited held

01 Jun, 2017
executive committee meeting of al-arafah islami bank ltd. held

30 May, 2017
al-arafah islami bank limited donates tk 5 lac to bangladesh retired police officers welfare association for giving scholarships to poor and meritorious students

28 May, 2017
training workshop on shariah implementation in aibl held at al-arafah islami bank limited

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, Small & Medium Enterprises (MSME) Banking
Introduction
Micro Small & Medium Enterprise (MSME) plays an important role in the economic growth and development of a country. MSME works as the platform for job creation, income generation, and development of forward and backward industrial linkages. MSMEs occupied a unique position in the economy of Bangladesh.
Micro, Small and Medium Enterprises (MSMEs) make up the largest portion of the employment base in many developing countries and, indeed, are often the foundation of the local private sector. Micro Enterprise sometimes directly comes from cottage industry. So we consider cottage industries when considering micro enterprises. Now the MSMEs are not only concentrated to traditional and agro-based economic activities; these are spread over other non-traditional manufacturing and service sector as well. To achieve high and sustained economic growth, a triggering force is mandatory to exit from poverty and socio-economic deprivation.
MSMEs constitute the dominant source of industrial employment in Bangladesh (about 80%), and about 90% of the industrial units fall into this category. The actual performance of MSMEs, however, varies depending on the relative economic efficiency, the economic policy environment and the specific promotion policies.
Definition of MSME Enterprise
As per Bangladesh Bank SMESPD Instruction Circular No. 1, Dated: 19 June, 2011, MSME is being defined as follows:

Cottage Industry/ Enterprise

Attributes under the categories

Fixed Assets Value in Taka Excluding Land & Building (Including Replacement Cost)

And/or Total Number of employees

Manufacturing

Less Than 5 Lac

Less Than 10

Service

Less Than 5 Lac

Less Than 10

Trade

Less Than 5 Lac

Less Than 10

Micro Industry/ Enterprise

Attributes under the categories

Fixed Assets Value in Taka Excluding Land & Building (Including Replacement Cost)

And/or Total Number of employees

Manufacturing

5 Lac - 50 Lac

10-24

Service

Less Than 5 Lac

Less Than 10

Trade

Less Than 5 Lac

Less Than 10

Small Industry/ Enterprise

Attributes under the categories

Fixed Assets Value in Taka Excluding Land & Building (Including Replacement Cost)

And/or Total Number of employees

Manufacturing

50 Lac - 10 Crore

25-99

Service

5 Lac - 1 Crore

10-25

Trade

5 Lac - 1 Crore

10-25

Medium Industry/ Enterprise

Attributes under the categories

Fixed Assets Value in Taka Excluding Land & Building (Including Replacement Cost)

And/or Total Number of employees

Manufacturing

10 Crore - 30 Crore

100-250

Service

1 Crore - 15 Crore

50-100

Trade

1 Crore - 15 Crore

50-100

To ensure rapid advancement of Micro, Small & Medium Enterprises, a number of schemes are running in Al-Arafah Islami Bank Ltd. In the light of the definition of Bangladesh Bank, we are giving a priority over financing to three categories of enterprises viz. Industry, Trade & Services. We prior to Area Approach Method when MSME financing.
Purpose of MSME
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 of Investment
Working Capital Investment
Bai-Muajjal
Murabaha / Murabaha TR
MPI / MPI- TR
Fixed Capital Investment
HPSM (Equity required)
Mudaraba
Musharaka
Rate of Profit/ Rent
Working Capital Investment :
As stipulated time to time by the Bank
Fixed Capital Investment :
As stipulated time to time by the Bank
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.
Other securities specified by the Bank depending on the types of the investment.
MSME Investment on Women Entrepreneurs
About 50% of the populations of Bangladesh are women. Women participation in the mainstream of economic activities especially in the productive sectors is crucial for attaining sustainable economic growth, poverty reduction and women’s empowerment. But women participation in economic sector is inadequate and the number of women entrepreneurs is very low compared to that of their male counterparts. There exist many obstacles in women participation in the mainstream of economic activity although the degree of integrity, devotion, creativity and expertise of women make us surprised. Participation of women entrepreneurs in MSME sector is vital for the flourishing of Bangladesh economy and enhancing women empowerment.
Al-Arafah Islami Bank Ltd. is working with women entrepreneurs to make them capable of earning by connecting with country’s economic activities. We give priority to women entrepreneurs to invest on various productive sectors. By the side of collateral secured investment, collateral security free investment is also considered in the question of women development.
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