Al-Arafah Islami Bank Limited: Difference between revisions

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'''Al-Arafah Islami Bank Limited''' an interest-free Islamic Shariah Bank, started its activities on 27 September 1995. A Shariah Council of the bank maintains constant vigilance to ensure that the activities of the bank are being conducted according to the precepts of Islam. The bank renders banking services under the Bank Companies Act 1991. The management of the bank is vested in a 13-member board of directors. The managing director of the bank is its chief executive officer. The registered head office of the bank is at Motijheel, Dhaka.
'''Al-Arafah Islami Bank Limited''' an interest-free Islamic Shariah bank, started its activities on 27 September 1995. A Shariah Council of the bank maintains constant vigilance to ensure that the activities of the bank are being conducted according to the precepts of Islam. The bank renders banking services under the Bank Companies Act 1991. The management of the bank is vested in a 21-member board of directors. The managing director of the bank is its chief executive officer. The registered head office of the bank is at Motijheel, Dhaka.


Basic Facts and Economic Indicators (In Million Taka).
Basic Facts and Economic Indicators (In Million Taka)


{| class="table table-bordered"
{| class="table table-bordered table-hover"
|-
|-
! Indicators ||   2004 ||    2005 ||      2006 ||        2007 ||       2008 ||       2009
| Indicators || 2018 || 2019 || 2020
|-
|-
| Indicators || 2004 || 2005 || 2006 || 2007 || 2008 || 2009
| Authorized Capital || 15000 || 15000 || 15000
|-
|-
| Authorized Capital || 1000 || 1000 || 2500 || 2500 || 2500 || 5000
| Paid up Capital || 10440 || 10640 || 10649
|-
|-
| Paid up Capital || 587 || 678 || 854 || 1153 || 1384 || 1799
| Reserved Fund || 8380 || 9422 || 11640
|-
|-
| Reserved Fund || 488 || 542 || 836 || 884 || 839 || 2299
| Deposits || 284854 || 324009 || 346759
|-
|-
! Deposits || 10108 || 11644 || 16775 || 23009 || 31470 || 38355
| (a) Call Deposits || 23857 || 260977 || 36632
|-
|-
| a) Call Deposits || 4811 || 2539 || 2979 || 2266 || 3460 || 4589
| (b) Term Deposits || 27351 || 296658 || 310127
|-
|-
| b) Term Deposits || 5297 || 9105 || 13796 || 20743 || 28010 || 33766
| Loans and Advances || 265132 || 292597 || 309762
|-
|-
| Loans and Advance || 8150 || 11474 || 17423 || 19214 || 29723 || 36134
| Investment || 11367 || 15336 || 20717
|-
|-
| Investment || - || - || - || 87 || 88 || 1502
| Total Asset || 333261 || 376601 || 411636
|-
|-
! Total Asset || 12850 || 15337 || 21368 || 30182 || 39158 || 50577
| Total Income || 28257 || 32465 || 29661
|-
|-
| Total Income  || 1121 || 1453 || 2172 || 2955 || 4414 || 5281
| Total Expenditure || 22045 || 24663 || 23000
|-
|-
| Total Expenditure || 809 || 904 || 1203 || 2199 || 2841 || 3532
| Foreign Currency Trading || 319971 || 318291 || 318124
|-
|-
! Foreign Currency Trading || 13068 || 18019 || 28865 || 41599 || 55533 || 60452
| a) Export || 114481 || 108967 || 104939
|-
|-
| a) Export || 3639 || 4931 || 9143 || 12714 || 20176 || 23556
| b) Import || 168573 || 171611 || 169378
|-
|-
| b) Import || 9137 || 12632 || 18821 || 27042 || 32685 || 34074
| c) Remittance || 36917 || 37713 || 43807
|-
|-
| c) Remittance || 292 || 465 || 901 || 1843 || 2672 || 2832
| Total manpower || 3682 || 3795 || 3984
|-
|-
! Total Manpower || 802 || 771 || 912 || 1036 || 1077 || 1296
| a) Officers || 261 || 301 || 296
|-
|-
| a) Officers || 723 || 45 || 866 || 957 || 994 || 1197
| b) Staff || 3421 || 3494 || 3688
|-
|-
| b) Staff || 79 || 726 || 46 || 79 || 83 || 99
| Correspondent Banks || 332 || 335 || 344
|-
|-
| Correspondent Banks || - || 15 || 15 || 17 || 17 || 19
| Total Branches (in numbers) || 168 || 184 || 184
|-
|-
! Total Branches (in numbers) || 40 || 41 || 46 || 46 || 50 || 60
| a) Domestic || 168 || 184 || 184
|-
|-
| a) Domestic || 40 || 41 || 46 || 46 || 50 || 60
| b) Overseas || 0 || 0 || 0
|-
|-
| b) Overseas || - || - || - || - || - || -
| Agriculture Credit
|-
|-
! Agriculture Credit  || || ||  ||  ||  ||  
| Loan Disbursed || 1526 || 3825 || 3920
|-
|-
| a) Loan Disbursed || 8 || 13 || 15 || 19 || 16 || 21
| Realised || 1420 || 1521 || 1222
|-
|-
| b) realised || 9 || 10 || 14 || 18 || 13 || 17
| Industrial Credit
|-
|-
! Industrial Credit
| Loan Disbursed || 19780 || 29875 || 31321
|-
|-
| a) Loan Disbursed || 550 || 699 || 2180 || 2171 || 1654 || 2134
| Realsied || 16340 || 23335 || 26785
|-
|-
| b) Realsied || 792 || 474 || 1242 || 1233 || 1032 || 1332
| Loan Outstanding by Sector
|-
|-
! Loan Outstanding by Sector
| Agriculture and Fisheries and Forestry || 2800 || 5104 || 7802
|-
|-
| a) Agriculture and Fisheries || 1 || 3 || 2 || 16 || 353 || 588
| Industry || 120756 || 144623 || 149385
|-
|-
| b) Industry || 384 || 851 || 785 || 2000 || 5116 || 13884
| Trade and Commerce || 91785 || 57551 || 65329
|-
|-
| c) Trade and Commerce || 6251 || 7502 || 1012 || 12320 || 16612 || 13425
| Poverty Reduction || 126 || 165 || 170
|-
|-
| d) Poverty Reduction || 4 || 10 || 23 || 54 || 10 || 16
| CSR || 122 || 79 || 284
|}
|}


''Source'' Government of Bangladesh, Ministry of Finance, Banking and Financial Institution Division, ''Bank o Arthik Prothisthan Samuher Karjaboli'' [Annual Report on Banks and Financial Institutions], 2004-05 to 2009-10.
''Source'' Government of Bangladesh, Ministry of Finance, Banking and Financial Institution Division, ''Barshik Protibedon'' [Annual Report on Banks and Financial Institutions], 2019-20 and 2020-21.


Al-Arafah Islami Bank invests all of its surplus funds on the basis of the trade mode of financing ensuring buying and selling of ''halal'' commodities and on a profit and loss sharing basis. A fixed percentage of income derived from investment of ''mudaraba'' deposits is distributed to the ''mudaraba'' deposit holders. The investment of the bank is supervised strictly so that no investment becomes overdue with consequential loss of investment income. Its modes of investments are: (a) ''mudaraba'' finance - purchase and sale of commodities as per requests by clients permissible under shariah regulations; (b) ''bai-muajjal'' - cost plus sale of the commodity on deferred payment basis against adequate collateral; (c) ''bai-salam'' (advance sale) - buying of goods from producers/suppliers on payment in advance after entering into a firm contract and receipt of their delivery at a future specified date; (d) ''ijara bil-bai'' (hire purchase ''Shirkatul Meelk'') - purchase of durable items on equity participation by both the bank and the client and handing them over to the client on installment sale rental basis; (e) ''mudaraba'' - entire capital provided by the bank against firm assurance of the entrepreneur that he will manage the business properly and efficiently as manager and the profits derived from the investment will be shared in accordance with the agreement between the bank and the client; and (f) ''musharaka'' - capital is provided by the bank and the investment client on the basis of partnership, in which profit is shared in agreed ratio and the loss is shared on equity ratio. The Bank in performing its social and philanthropic activities, has established AIBL English Medium Madrasah and AIBL Library in 1991. [Muhammad Abdul Mazid]
Al-Arafah Islami Bank invests all of its surplus funds on the basis of the trade mode of financing ensuring buying and selling of halal commodities and on a profit and loss sharing basis. A fixed percentage of income derived from investment of mudaraba deposits is distributed to the mudaraba deposit holders. The investment of the bank is supervised strictly so that no investment becomes overdue with consequential loss of investment income. [Muhammad Abdul Mazid]


[[Category:Financial Institutes]]
[[Category:Financial Institutes]]


[[bn:আল-আরাফাহ্‌ ইসলামী ব্যাংক লিমিটেড]]
[[bn:আল-আরাফাহ্ ইসলামী ব্যাংক লিমিটেড]]

Latest revision as of 20:29, 13 October 2023

Al-Arafah Islami Bank Limited an interest-free Islamic Shariah bank, started its activities on 27 September 1995. A Shariah Council of the bank maintains constant vigilance to ensure that the activities of the bank are being conducted according to the precepts of Islam. The bank renders banking services under the Bank Companies Act 1991. The management of the bank is vested in a 21-member board of directors. The managing director of the bank is its chief executive officer. The registered head office of the bank is at Motijheel, Dhaka.

Basic Facts and Economic Indicators (In Million Taka)

Indicators 2018 2019 2020
Authorized Capital 15000 15000 15000
Paid up Capital 10440 10640 10649
Reserved Fund 8380 9422 11640
Deposits 284854 324009 346759
(a) Call Deposits 23857 260977 36632
(b) Term Deposits 27351 296658 310127
Loans and Advances 265132 292597 309762
Investment 11367 15336 20717
Total Asset 333261 376601 411636
Total Income 28257 32465 29661
Total Expenditure 22045 24663 23000
Foreign Currency Trading 319971 318291 318124
a) Export 114481 108967 104939
b) Import 168573 171611 169378
c) Remittance 36917 37713 43807
Total manpower 3682 3795 3984
a) Officers 261 301 296
b) Staff 3421 3494 3688
Correspondent Banks 332 335 344
Total Branches (in numbers) 168 184 184
a) Domestic 168 184 184
b) Overseas 0 0 0
Agriculture Credit
Loan Disbursed 1526 3825 3920
Realised 1420 1521 1222
Industrial Credit
Loan Disbursed 19780 29875 31321
Realsied 16340 23335 26785
Loan Outstanding by Sector
Agriculture and Fisheries and Forestry 2800 5104 7802
Industry 120756 144623 149385
Trade and Commerce 91785 57551 65329
Poverty Reduction 126 165 170
CSR 122 79 284

Source Government of Bangladesh, Ministry of Finance, Banking and Financial Institution Division, Barshik Protibedon [Annual Report on Banks and Financial Institutions], 2019-20 and 2020-21.

Al-Arafah Islami Bank invests all of its surplus funds on the basis of the trade mode of financing ensuring buying and selling of halal commodities and on a profit and loss sharing basis. A fixed percentage of income derived from investment of mudaraba deposits is distributed to the mudaraba deposit holders. The investment of the bank is supervised strictly so that no investment becomes overdue with consequential loss of investment income. [Muhammad Abdul Mazid]

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