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Wednesday, June 17, 2015

Al-Arafah Islami Bank introduces first Islamic MasterCard service

Al-Arafah Islami Bank Limited
Al-Arafah Islami Bank Limited has announced the launch of MasterCard Islamic debit, credit and prepaid cards in Bangladesh.
Launched at an event organized in the capital, these cards will be fully compliant to Islamic Shariah laws and will offer a world of ease for the cardholders. Prof. Dr. Jamilur Reza Choudhury, VC of Asia Pacific University was present as chief guest in this launching Ceremony. The ceremony was presided over by Badiur Rahman, Chairman, Al-Arafah Islami Bank Ltd while Managing Director Md. Habibur Rahman delivered the welcome speech. Present at the occasion were Syed Mohammad Kamal, Country Manager, MasterCard Bangladesh, Gitanka D Datta, Vice President, MasterCard Bangladesh among various other senior officials.
The event saw the introduction of five new MasterCard cards in the Bank’s repertoire – the FastCash debit card, La Riba credit cards in Platinum, Gold and Classic range and La Riba Hajj prepaid card. These cards will offer the lowest monthly compliance fees, 50 days without any additional charges, along with discounts at over 600 merchants and vendors. As an introductory offer all Al Arafah Islami Bank MasterCard holders will get Buy One & Get complementary buffet iftaar cum dinner free at top fine dining restaurants at Dhaka & Chittagong, up to 20% discount at 20 fine dining restaurant & up to 40% discount at more than 30 top life style shops within the country during the month of Ramadan.
Mr. Badiur Rahman, Chairman, Al-Arafah Islami Bank Limited said, “La Riba Li Rabbi” – Free from Interest, For the sake of ALLAH is our main motto to launch the first Islamic MasterCard Debit, Credit and Prepaid Cards. Managing Director Md. Habibur Rahman said, “We are pleased to launch the Islamic MasterCard Debit, Credit and Prepaid Cards. Through this launch, we are giving our customers the best in the world, compliant to their religious beliefs, right at their fingertips. We look forward to a very fruitful partnership with MasterCard.” (Source: Press Release)

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