Al-Arafah Islami Bank signs payroll banking deal with Karooni Knit Composite

Al-Arafah Islami Bank PLC recently signed an agreement with Karooni Knit Composite Limited, a garment exporter in Bangladesh, to provide payroll banking services for the employees of the organisation.

Md Fazlur Rahman Chowdhury, deputy managing director of the bank, and Md Mesbahur Rahman Khan, deputy managing director of the garment manufacturing company, signed the agreement in Dhaka, according to a press release.

Farman R Chowdhury, managing director and CEO of the bank, and Md Kutubuddin Ahamed, managing director of the garment manufacturing company, attended the signing ceremony.

Under this agreement, the company's employees will enjoy financial propositions and privileged banking services, along with complete retail banking solutions.

Md Idris Ali, senior executive vice-president of the bank; Mohammad Rafiqul Islam, executive vice-president; Mohammad Mahfujul Islam, senior vice-president; and Gazi Mosthafizur, assistant vice-president, were present.

Md Alamagir Hossain Shikder, group chief financial officer of Karooni Knit Composite; Md Sakhawat Hossain, general manager for accounts and finance; and Rabiul Islam, deputy general manager for accounts and finance, along with senior officials from both organisations, were also present.