The country’s leading Shariah-based bank, Al-Arafah Islami Bank PLC, has signed an agreement with Bhuighar Darussunnah Islamia Kamil Madrasah, making it the first educational institution to join the Bank’s IlmNet Education Management System (EMS). IlmNet is a Shariah-compliant digital platform designed to facilitate academic administration, communication, fee collection, and digital payment services for educational institutions.

The agreement signing ceremony was held at the Bank’s Corporate Head Office on 6 July 2026. Managing Director & CEO of Al-Arafah Islami Bank Mohd. Rafat Ullah Khan and Principal of Bhuighar Darussunnah Islamia Kamil Madrasah Mohammad Khalid Saifullah signed the agreement on behalf of their respective organizations.

Speaking on the occasion, Managing Director & CEO Mohd. Rafat Ullah Khan said that Al-Arafah Islami Bank has introduced IlmNet to bring educational institutions under a technology-driven, efficient, and transparent management system. Through this Shariah-compliant digital platform, institutions will be able to manage academic and administrative operations, student information, fee collection, and various digital payment services through a single integrated system. He expressed his confidence that IlmNet will accelerate the digital transformation of educational institutions and contribute significantly to the national vision of building a Smart Bangladesh and a Cashless Bangladesh.

Among others present at the ceremony were the Bank’s Deputy Managing Directors Mohammad Hossain, Md. Aminul Islam Bhuiyan, Syed Abul Hashem, FCA, FCMA, along with other senior executives of the Bank and representatives of Bhuighar Darussunnah Islamia Kamil Madrasah.

With the implementation of IlmNet EMS, Bhuighar Darussunnah Islamia Kamil Madrasah will be able to digitally manage student records, attendance, notices, parent communication, fee collection, and other academic and administrative activities. In addition, secure, convenient, and seamless digital transactions will be ensured through the Bank’s Islamic Wallet and Bangla QR payment facilities. The participants expressed optimism that IlmNet would not only enhance operational efficiency and financial transparency in educational institutions but also play a significant role in developing an integrated Shariah-compliant digital education ecosystem across the country. They also noted that the initiative would pave the way for establishing a comprehensive Islamic Education Economy encompassing schools, colleges, and madrasahs in the future.