Al-Arafah Islami Bank PLC, country’s one of the leading Shariah-based banks, has signed a Memorandum of Understanding with Seamax Limited. Under this agreement, both organizations will jointly contribute to the agricultural and rural development of the country by providing overall support to farmers in the production and marketing of agricultural crops.

The bank’s Deputy Managing Director S.M. Abu Jafar and the Chairman of Seamax Limited Hiron Nahar signed the agreement on behalf of their respective organizations at a ceremony held at the bank’s head office on Sunday, February 15, 2026.

Director of Seamx Limited Shamsul Alam, Senior Vice President and SME Business Head of the bank Monirul Islam, Vice President and Head of Al-Arafah Rural Development Program Mahmmud Riyad, Senior Assistant Vice President M. M. Rafiqul Islam along with senior officials of both organizations were present at the signing ceremony.