Al-Arafah Islami Bank Limited (AIBL) is a prominent & one of the largest scheduled Islamic Banks in Bangladesh, operating since 1995. Presently AIBL has a network of 201(Two hundred and One) Branches including 26 Authorized Dealer (AD) Branches and One Off-Shore Banking Unit in the prime & remote locations across the country. All the Branches of the Bank are fully computerized with real time online facilities.
All foreign trade transactions of the bank are process from a centralized unit at the Head Office. AIBL is one of the leading partners in International Trade activities of the country and has been maintaining correspondent banking relationship with more than 338 reputed Banks all over the world. The bank is maintaining 33 NOSTRO accounts with renowned International Banks namely Citibank N.A., Standard Chartered Bank, Habib American Bank, Mashreq Bank PSC, Commerzbank AG, ICICI Bank, Axis Bank Ltd., Habib Bank AG Zurich, Shanghai Pudong Development Bank etc.
Al-Arafah Islami Bank Ltd. provide Foreign Exchange Services through its 26 AD Branches and International Banking Wing, Head Office covering the following areas:
|Sl. No.||Name of Exchange House||Location|
|1||Western Union Money Transfer Services||Global|
|2||Money Gram International Payment System Inc.||Global|
|3||Ria Financial Services||Global|
|4||LCC Trans-Sending Limited (Small World)||Europe|
|5||Placid NK Corporation||Global|
|6||National Exchange Company S.R.L||Italy|
|7||TRANSFAST Remittance, LLC||Global|
|8||Sunman Global Express Corp||USA|
|9||First Security Islami Exchange Italy Srl||Italy|
|10||NEC Money Transfer Limited||UK|
|11||U Remit International Corporation||Canada|
|12||I-Transfer Global Payments EP.SA||Italy & Spain|
|13||Almana Exchange Company WLL||Qatar|
|14||Worldwide West 2 EastServices Limited (Sha Global)||UK|
|15||GCC Exchange UK Limited||UK|
|16||Aftab Currency Exchange||Europe|
|17||KMB Enterprise Money Transfer Limited||UK|
|18||CBL Money Transfer SDN. BHD.||Malaysia|
|19||Transfast Financial Services S.A. Spain||Spain|
Foreign Remittance Division,
International Banking Wing
63, Purana Paltan, Dhaka-1000
Contact Numbers: +88-02-44850005-20 (auto hunting),Ext:396,397,398,399,400,401,402,403
The Foreign Trade Processing Division (FTPD) of Al-Arafah Islami Bank Ltd. operating all the transaction and processing services for cash and back to back LCs regarding export and import from a single point.
Having RMA with many banks, we often receive L/Cs from different banks in favor of thebeneficiaries who are not our customers. We extend our advising service for that L/Cs in proper and compliant manner.
We have already implemented SWIFT Sanctions Screening solution in our Core Banking Software for screening of all incoming and outgoing transactions to minimize the AML/ CFT risks which has increased our acceptability and goodwill to our all correspondents home and abroad.
In 2019 we implemented web based vessel tracking services for Import and Export business in our bank from LIoyd’s List Intelligence (LLI),UK to comply with the requirement of ‘’ Maritime Sanctions Screening.
The Bank extends Guarantee Service including Omra Guarantee on behalf of its customers favoring the Local and International Organizations/Correspondents.