The antecedent Bangladeshi commercial bank was assimilated on June 18

The antecedent Bangladeshi commercial bank was assimilated on June 18, 1995 under the Companies Act 1994 was named Al-Arafah Islami Bank Ltd. Al-Arafah Islami Bank enter upon its commercial banking operation on June 03, 1996 authorized by the central bank of Bangladesh. As the second generation bank Al-Arafah Islami bank has a strong vision to loom as an avant-grade banking conservatory in Bangladesh.
The corporate wisdom is of this bank is to:
• make its non-funded face and commission income stream,
• Thus reducing its reliance on interest income alone.
AIBL was successful in achieving substantial growth in all business segments. Like:
• Deposit severe competition,
• highly volatile money market & foreign exchange market
• Intensified political unrest.