Nasirkhan at 20:29, 13 October 2023

2023-10-13T20:29:03Z

Mukbil at 14:15, 31 August 2021

2021-08-31T14:15:14Z

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	! Agriculture Credit ~~\|\| \|\| \|\| \|\| \|\| \|\|~~		! Agriculture Credit
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	\| a) Loan Disbursed \|\| 8 \|\| 13 \|\| 15 \|\| 19 \|\| 16 \|\| 21		\| a) Loan Disbursed \|\| 8 \|\| 13 \|\| 15 \|\| 19 \|\| 16 \|\| 21

Mukbil at 14:14, 31 August 2021

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	\| a) Loan Disbursed \|\| 8 \|\| 13 \|\| 15 \|\| 19 \|\| 16 \|\| 21		\| a) Loan Disbursed \|\| 8 \|\| 13 \|\| 15 \|\| 19 \|\| 16 \|\| 21
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			\| b) realised \|\| 9 \|\| 10 \|\| 14 \|\| 18 \|\| 13 \|\| 17
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	! Industrial Credit		! Industrial Credit

Mukbil at 14:14, 31 August 2021

2021-08-31T14:14:05Z

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0:0:0:0:0:0:0:1: Content Updated.

2021-06-17T18:55:59Z

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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.

Basic Facts and Economic Indicators (In Million Taka).

Indicators

2004

2005

2006

2007

2008

2009

Authorized Capital

1000

1000

2500

2500

2500

5000

Paid up Capital

587

678

854

1153

1384

1799

Reserved Fund

488

542

836

884

839

2299

Deposits

10108

11644

16775

23009

31470

38355

a) Call Deposits

4811

2539

2979

2266

3460

4589

b) Term Deposits

5297

9105

13796

20743

28010

33766

Loans and Advance

8150

11474

17423

19214

29723

36134

Investment

-

-

-

87

88

1502

Total Asset

12850

15337

21368

30182

39158

50577

Total Income

1121

1453

2172

2955

4414

5281

Total Expenditure

809

904

1203

2199

2841

3532

Foreign Currency Trading

13068

18019

28865

41599

55533

60452

a) Export

3639

4931

9143

12714

20176

23556

b) Import

9137

12632

18821

27042

32685

34074

c) Remittance

292

465

901

1843

2672

2832

Total Manpower

802

771

912

1036

1077

1296

a) Officers

723

45

866

957

994

1197

b) Staff

79

726

46

79

83

99

Correspondent Banks

-

15

15

17

17

19

Total Branches (in numbers)

40

41

46

46

50

60

a) Domestic

40

41

46

46

50

60

b) Overseas

-

-

-

-

-

-

Agriculture Credit

a) Loan Disbursed

8

13

15

19

16

21

b) realised

9

10

14

18

13

17

Industrial Credit

a) Loan Disbursed

550

699

2180

2171

1654

2134

b) Realsied

792

474

1242

1233

1032

1332

Loan Outstanding by Sector

a) Agriculture and Fisheries

1

3

2

16

353

588

b) Industry

384

851

785

2000

5116

13884

c) Trade and Commerce

6251

7502

1012

12320

16612

13425

d) Poverty Reduction

4

10

23

54

10

16

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.

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] [Mazid, Muhammad Abdul former Secretary, Government of Bangladesh]

[[Category:Financial Institutes]]

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

Al-Arafah Islami Bank Limited - Revision history

Nasirkhan at 20:29, 13 October 2023

Mukbil at 14:15, 31 August 2021

Mukbil at 14:14, 31 August 2021

Mukbil at 14:14, 31 August 2021

0:0:0:0:0:0:0:1: Content Updated.