Al-Arafah Islami Bank signs partnership deal with TAP

Al-Arafah Islami Bank PLC has signed a strategic partnership agreement with Trust And Pay Limited (TAP), the mobile financial services provider wholly owned by Trust Bank PLC, aimed at enhancing digital financial services and delivering greater convenience to customers.

SM Abu Jafar, deputy managing director of Al-Arafah Islami Bank PLC, and SM Akram, chief executive officer of Trust And Pay Limited, signed the agreement at the bank's head office in the capital on Tuesday, according to a press release.

Md Soheb Ahmed, executive vice-president and chief technology officer (current charge) of the bank; Jalal Ahmed, executive vice-president and head of brand communication and marketing; and Mohammad Shahadat Hossain, head of MFS and digital banking, attended the event.

The strategic alliance reflects Al-Arafah Islami Bank's continued commitment to introducing innovative Shariah-compliant digital solutions and promoting financial inclusion across Bangladesh, the release added.

Md Alamgir Hossain, head of regulatory and partnership business of TAP, and Md Ahmed Ullah Chowdhury, senior manager, along with other senior officials from both organisations, were also present.