Al-Arafah Islami Bank Limited (AIBL), a leading commercial Bank, has signed Memorandum of Understanding (MOU) with aamra Payment Systems Limited (APSL), a payment systems service provider, to collaborate on the development of cutting-edge payment systems and solutions in Bangladesh.
The MOU Signing Ceremony was held on 16th of August 2017 at the Board Room of AIBL. Md. Habibur Rahman, Managing Director of Al-Arafah Islami Bank Ltd. and Syed Farhad Ahmed, Managing Director of aamra companies signed the agreement on behalf of their respective organizations.
AIBL is one of the flourishing Banks in Bangladesh and contribute significantly to the growth of the National Economy through the integration of modern technology. The AIBL-aamra collaboration is expected to add remarkable value in the payment industry of Bangladesh and thousands of AIBL customers shall be benefited out of modern payment solution.
Under this MOU AIBL shall also be a settlement Bank of aamra Payment Systems Limited, a PSO (Payment Systems Operator) licensee awarded by Bangladesh Bank, for its future payment solution projects.
Among the participants of the signing ceremony were DMDs of the AIBL, Kazi Towhidul Alam, Md Fazlul Karim and Muhammad Mahmoodul haque, executive vice presidents, Syed Masodul Bari and Md Abdur Rahim Duary, company secretary, Abdul Hannan Khan and vice president, Jalal Ahmed from Al-Arafah Islami Bank. From aamra Syed Faruque Ahmed (Chairman), Mr. Priyabrata Chowdhury (General Manager), Mr. Sharful Alam (Chief Operating Officer), Md. Mosiur Rahman (General Manager), Mohammad Abed Saadullah (Head of Business Development), Sougata Karmakar (Assistant General Manager), Akhter Zahir Shamim (Senior Manager) were among the attendees along with other officials.