To expand modern, accessible, and customer-centric investment services while strengthening the financial capacity of Cottage, Micro, Small and Medium Enterprises (CMSMEs), Al-Arafah Islami Bank PLC has launched four new Shariah-compliant CMSME investment products – Nisa, Tijara, Al-Awana, and Al-Tawfiq.

The products were formally inaugurated by the Bank’s Managing Director & CEO Mohd. Rafat Ullah Khan, as the Chief Guest at a ceremony held at the Bank’s Head Office.

Among the newly launched products, Nisa and Tijara offer collateral-free Shariah-compliant investment facilities, while Al-Awana and Al-Tawfiq provide investment facilities against collateral. The new products are designed to address the financing needs of entrepreneurs, enabling business expansion, increased production, and employment generation.

Speaking at the inauguration ceremony, Managing Director & CEO Mohd. Rafat Ullah Khan said that CMSME entrepreneurs are one of the key driving forces of the country’s economy. He added that Al-Arafah Islami Bank has been continuously introducing innovative Shariah-compliant financial solutions tailored to meet the evolving needs of entrepreneurs. He expressed confidence that the newly introduced investment products would make financing more accessible and support sustainable business growth across the CMSME sector.

He also encouraged Cottage, Micro, Small and Medium entrepreneurs across the country to take advantage of the new investment products to expand their businesses and create greater employment opportunities.

Among others present at the ceremony were the Bank’s Deputy Managing Directors Md. Fazlur Rahman Chowdhury, Mohammed Hossain, S. M. Abu Jafar, Syed Abul Hashem, FCA, FCMA, along with senior executives, heads of various divisions at the Corporate Head Office, and managers of corporate branches. Branch Managers from across the country also participated in the program virtually.