Al-Arafah Bank Chowmuhani Location, Phone, SWIFT Code 

Al-Arafah Bank Chowmuhani Location, Phone, SWIFT Code

Al-Arafah Bank Chowmuhani

Al-Arafah Bank Limited is a private commercial bank in Bangladesh that was established in 1995. The bank was founded with the vision of becoming a pioneer in the Islamic banking sector and to create an institution that would uphold Islamic values and principles in its operations. Since its inception, the bank has been committed to providing quality financial services to its customers while adhering to the principles of Islamic Shariah.

Over the years, Al-Arafah Bank has grown to become one of the leading Islamic banks in Bangladesh, with a strong focus on innovation and technology. The bank operates through a network of more than 187 branches across the country and provides a wide range of financial products and services to its customers.

One of the key features of Al-Arafah Bank is its commitment to providing Shariah-compliant financial services. The bank operates under the supervision of a Shariah Supervisory Committee (SSC) which ensures that all of its operations are in line with the principles of Islamic Shariah. This includes ensuring that all financial transactions are conducted in a fair and transparent manner, and that they do not involve any interest or speculation.

Al-Arafah Bank offers a range of deposit products, including savings accounts, current accounts, and term deposits. These accounts are designed to meet the diverse needs of its customers, and offer competitive profit rates while being fully compliant with Islamic Shariah principles. The bank also offers a range of financing products, including Murabaha, Musharaka, and Ijara financing, which are all based on the principles of Islamic Shariah.

In addition to its core banking products and services, Al-Arafah Bank has also introduced a range of digital banking services in recent years. These include online banking, mobile banking, and SMS banking, which allow customers to access their accounts and conduct transactions from anywhere, at any time. The bank has also introduced a range of innovative products and services, such as Al-Arafah Islamic Credit Card, which is a Shariah-compliant credit card that offers a range of benefits and privileges to its customers.

One of the key strengths of Al-Arafah Bank is its commitment to customer service. The bank has a team of highly trained and experienced professionals who are dedicated to providing excellent service to its customers. The bank also has a 24-hour customer service hotline, which customers can use to get assistance with any issues or queries they may have.

Another strength of Al-Arafah Bank is its focus on corporate social responsibility (CSR). The bank has a dedicated CSR program that focuses on supporting education, healthcare, and environmental initiatives in the communities it serves. The bank also sponsors a range of events and activities aimed at promoting cultural and social development in Bangladesh.

In terms of financial performance, Al-Arafah Bank has been performing well in recent years. The bank has reported strong growth in its deposit base, which has helped to support its lending activities. The bank has also been expanding its network of branches across the country, which has helped to increase its market share in the highly competitive banking sector in Bangladesh.

Overall, Al-Arafah Bank Limited is a well-established and respected financial institution in Bangladesh. The bank has a strong focus on innovation and technology, and is committed to providing quality financial services to its customers while upholding the principles of Islamic Shariah. With its strong customer service, innovative products, and commitment to CSR, Al-Arafah Bank is well-positioned to continue to grow and thrive in the years to come.

Al-Arafah Bank Chowmuhani

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