Al-Arafah Islami Bank PLC
DDSE:ALARABANK15.10
BDT
-0.20
(-1.31%)
ISIN
BD0115AIBL04
Return %
Stock
S&P 500
1Y
-6.21
14.20
3Y
-33.38
81.12
5Y
-38.37
68.34
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Rafat Ullah Khan
- Full Time Employees
- 5,593
- Sector
- Finance
- Industry
- Regional banks
- Address
- Dhaka Bangladesh
- IPO Date
- Sep 9, 1998
- Website
- aibl.com.bd
- Similar Companies
- Business
- Al-Arafah Islami Bank PLC is a Bangladesh-based commercial banking institution that provides a comprehensive suite of Shariah-compliant Islamic financial products and services to retail, corporate, small and medium-sized enterprise (SME), and institutional clients. Founded in 1995 and headquartered in Dhaka, Bangladesh, the bank conducts its operations strictly in accordance with Islamic Shariah principles, utilizing contract mechanisms such as Mudaraba, Musharaka, Murabaha, Bai-Muajjal, Bai-Salam, Istisna, and Ijarah. The bank operates across Bangladesh through an extensive network of conventional branches, Islamic banking windows, sub-branches, agent banking outlets, and automated teller machines, supported by specialized Offshore Banking Units. The company's offerings are organized across multiple business divisions, including Retail Banking, Corporate Banking, SME and Microfinance, Trade Finance, Treasury, and Capital Market Operations. Its deposit products encompass Al-Wadeeah current accounts; Mudaraba savings accounts; Mudaraba term deposit receipts; Mudaraba monthly profit deposit schemes; Mudaraba pension deposit schemes; Mudaraba Hajj and marriage savings schemes; Mudaraba millionaire schemes; and foreign currency deposit accounts. Its financing portfolio includes corporate working capital finance; project financing; syndicated facilities; lease finance; offshore banking loans; SME and agricultural credit facilities; women entrepreneur financing programs; home financing; transport and auto financing; and consumer durable investment schemes. In trade services, the bank provides import and export letters of credit; export bill discounting; post-import financing; and bank guarantees. Digital and alternative banking services include the AIBL i-Banking internet platform; AIBL Islamic Wallet mobile banking; EMV-compliant debit and credit cards; electronic fund transfers; utility bill payment services; and nationwide agent banking services. Through its subsidiaries, AIBL Capital Market Services Limited and AIBL Capital Management Limited, the bank delivers securities brokerage, merchant banking, portfolio management, and underwriting services. In recent operational and corporate developments, the institution officially amended its legal name to Al-Arafah Islami Bank PLC to comply with modern statutory regulations. The bank has substantially accelerated its digital transformation strategy, enhancing the AIBL Islamic Wallet ecosystem and upgrading core banking platforms to enable paperless customer onboarding and automated transaction processing. In response to regulatory directives from Bangladesh Bank aimed at strengthening corporate governance, credit discipline, and risk management, the bank underwent a restructuring of its Board of Directors. Operationally, the bank has expanded its financial inclusion network through the deployment of additional agent banking outlets and sub-branches in rural and semi-urban regions, while establishing new strategic partnerships with international money transfer operators to facilitate inward cross-border remittances and scaling its sustainable green finance portfolio.