Al-Arafah Islami Bank signs participation agreement with Bangladesh Bank

Al-Arafah Islami Bank PLC signed an agreement with Bangladesh Bank's refinancing scheme for obtaining credit guarantee facilities aimed at supporting small-scale women entrepreneurs and agro-processing sector entrepreneurs.

Bangladesh Bank Deputy Governor Nurun Nahar was present as the chief guest at the contract signing ceremony organised by the central bank recently, according to a media release.

Al-Arafah Islami Bank Deputy Managing Director Abed Ahmed Khan and Bangladesh Bank Credit Guarantee Department Director Nahid Rahman signed the agreement on behalf of their respective institutions.

Bangladesh Bank Executive Director Mohammad Jamal Uddin, Al-Arafah Islami Bank Executive Vice President AKM Amjad Hossain and related officials were present at the event.