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CSE news on ALARABANK
2024-10-30: Cont-Un-audited Financial Statement
ALARABANK: (Quarter 3) (cont) Reasons for deviations in EPS and NOCFPS: Consolidated EPS for January-September 2023 has been decreased as total provision against investment (loans and advance) increased compared to previous corresponding period. Consolidated EPS for July-September 2023 has been decreased as total provision against investment (loans and advance) increased compared to previous corresponding period. NOCFPS has been increased due to placement from other banks and financial institution increased in this period compared to previous corresponding period.(end)
2024-10-30: Un-audited Financial Statement
ALARABANK: (Quarter 3) As per the un-audited financial statements of the Company, Consolidated EPS was Tk. (0.41) for July-September 2024 as against Tk. 0.39 for July-September 2023; Consolidated EPS was Tk. 0.57 for January-September 2024 as against Tk. 1.12 for January-September 2023. Consolidated NOCFPS was Tk. 0.90 for January-September 2024 as against Tk. (1.41) for January-September 2023. Consolidated NAV per share was Tk. 21.17 as on September 30, 2024 and Tk. 21.03 as on September 30, 2023.(cont)
2024-10-23: Board Meeting
ALARABANK: The Company has informed that the Board Meeting will be held on October 29, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2024.
2024-09-30: Dividend Disbursement
ALARABANK: The company has informed that it has credited the Bonus Shares to the respective shareholders' BO Accounts and it has also disbursed the Cash Dividend to the respective shareholders for the year ended December 31, 2023.
2024-09-05: Appointment of Chairman and Independent Directors of the company
ALARABANK: The company has informed that Bangladesh Bank has appointed the Chairman and Independent Directors of the company, the names of whom are as follows: 01. Mr. Khwaja Shahriar, Former Managing Director, Lankabangla Finance PLC. as an Independent Director and Chairman, 02. Mr. Md. Shahin Ul Islam, Former Executive Director, Bangladesh Bank as an Independent Director, 03. Mr. Md. Abdul Wadud, Former Deputy Managing Director, NRB Bank Ltd. as an Independent Director, 04. Mr. Mohammed Abu Eusuf, PHD, Professor, Department of Development Studies, Dhaka University as an Independent Director and 05. Mr. Mohammad Asraful Hassan, FCA, Chartered Accountants as an Independent Director.
2024-08-19: Re-fixation timing of the 29th AGM
ALARABANK: Refer to their earlier news disseminated by CSE on 11.08.24 regarding postponement of the AGM, the company has further informed that the timing of the 29th Annual General Meeting (AGM) of the company has been re-fixed to be held on August 22, 2024 at 3.00 pm through virtually by using digital platform.
2024-08-11: Postponement of 29th AGM of the company
ALARABANK: Refer to their earlier news disseminated by CSE on 28.04.2024 regarding Recommendation of Dividend, the company has further informed that due to unavoidable circumstances the 29th AGM of the company which was scheduled to be held on August 18, 2024 at 11:30 AM through virtually by using digital platform has been postponed. New date of the said AGM will be notified later in due course.
2024-07-31: Un-audited HY A/Cs
ALARABANK: (Quarter 2) As per un-audited half yearly accounts of the Company, Consolidated EPS was Tk. 0.80 for April-June 2024 as against Tk. 0.58 for April-June 2023; Consolidated EPS was Tk. 1.03 for January-June 2024 as against Tk. 0.77 for January-June 2023. Diluted consolidated EPS was Tk. 0.76 for April-June 2024 as against Tk. 0.55 for April-June 2023; Diluted Consolidated EPS was Tk. 0.98 for January-June 2024 as against Tk. 0.73 for January-June 2023. Consolidated NOCFPS was Tk. 15.48 for January-June 2024 as against Tk. 7.48 for January-June 2023. Consolidated NAV per share was Tk. 22.15 as on June 30, 2024 and Tk. 21.39 as on June 30, 2023.(cont)
2024-07-31: Cont-Un-audited HY A/Cs
ALARABANK: (cont) (Quarter 2)Reasons for deviation in EPS and NOCFPS: EPS has been increased due to investment income from investment (Loans and advances) has increased and income from investment in shares/securities has increased. NOCFPS has been increased due to deposit from customer (other than banks) increased in this period.(end)
2024-07-24: Board Meeting
ALARABANK: The Company has informed that a Board Meeting will be held on July 30, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2024.
2024-06-30: Credit Rating
ALARABANK: Credit Rating Information and Services Limited (CRISL) has assigned the company as ''AA'' in the long term and ''ST-2'' in the short term along with a Stable outlook in consideration of its audited financials up to December 31, 2023; also un-audited financials up to March 31, 2024 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
2024-06-30: Issuance of AIBPLC 5th Subordinated Bond under private placement
ALARABANK: The company has informed that the Board of Directors of the company has approved to issue AIBPLC 5th Subordinated Bond amounting BDT 500.00 crore through private placement subject to approval of Regulatory Authorities.
2024-06-06: Record Date on 09.06.2024
ALARABANK: Trading of the shares of the Company will remain suspended on its record date i.e., 09.06.2024. Trading of the shares of the Company will resume on 10.06.2024.
2024-06-04: Spot trade from tomorrow (05.06.2024)
ALARABANK: Trading of the shares of the Company will be allowed only in the Spot Market from 05.06.2024 to 06.06.2024 as the record date of the Company is on 09.06.2024.
2024-05-23: Transfer Confirmation
ALARABANK: Alhajj Kazi Abu Kausar, a Sponsor of the company, has further informed that he has completed his transfer of 1,70,000 shares of the company to his sister Ms. Kazi Sultana Delwar, by way of gift outside the trading system of the Exchange as per declaration disseminated on 20.05.2024.
2024-05-20: Transfer Intention
ALARABANK: Alhajj Kazi Abu Kausar, a Sponsor of the company, has reported his intention to transfer 1,70,000 shares of the company to his sister Ms. Kazi Sultana Delwar (General Shareholder of the company), by way of gift outside the trading system of the Exchange within next 30 working days with effect from May 15, 2024.
2024-05-15: Cont-Un-audited Financial Statements
ALARABANK(cont): Reasons for deviation in EPS and NOCFPS: EPS has been increased due to increase investment income compare to previous corresponding period. NOCFPS has been increased due to increase of placement from other bank and financial institution compare to previous corresponding period.(end)
2024-05-15: Un-audited Financial Statements
ALARABANK: (Quarter 1) As per un-audited financial statements of the Company, Basic Consolidated EPS was Tk. 0.23 for January-March 2024 as against Tk. 0.19 for January-March 2023. Diluted Consolidated EPS was Tk. 0.22 for January-March 2024 as against Tk. 0.18 for January-March 2023. Consolidated NOCFPS was Tk. 8.61 for January-March 2024 as against Tk. 4.71 for January-March 2023. Consolidated NAV per share was Tk. 22.86 as on March 31, 2024 and Tk. 22.40 as on March 31, 2023.(cont)
2024-05-09: Board Meeting
ALARABANK: The Company has informed that the Board Meeting will be held on May 14, 2024 at 2:35 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2024.
2024-05-06: Sale confirmation
ALARABANK: Mr. Abdul Malek Mollah, a Sponsor of the Company, has further informed that he has completed his sale of 2,19,38,176 shares of the Company at prevailing market price through Dhaka Stock Exchange PLC. (DSE) as per declaration disseminated on 02.05.2024.
2024-05-02: Sale Intention
ALARABANK: Mr. Abdul Malek Mollah, a Sponsor of the Company, has reported his intention to sell his 2,19,38,176 shares out of his total holding of 2,19,98,176 shares of the Company at prevailing market price (In the Block Market) through Dhaka Stock Exchange PLC. (DSE) within next 30 working days
2024-04-28: CB Free
ALARABANK: Please note that there will be no price limit today 28.04.2024 on the trading of the shares of the Company following its corporate declaration.
2024-04-28: Cont-2 Recommendation of Dividend
ALARABANK: (Cont-2) iii) The stock dividend is not declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of the Company or through reducing Paid up Capital or through doing anything so that the post dividend retained earnings become negative or a debit balance.(end)
2024-04-28: Cont-1 Recommendation of Dividend
ALARABANK:(cont-1) NOCFPS for Year ended December 31, 2023 has been decreased for following reasons: a) Deposit from customer (other than Bank) decreased in this year compared to previous year. b) Placement from other banks and financial institution decreased in this year compared to previous year. Disclosures for recommendation of Stock Dividend: i) The retained amount of declared stock dividend will be used to strengthen the capital base of the Company which helps to increase business capacity of the Company. ii) The stock dividend is declared out of accumulated profit of the Company. (Cont-2)
2024-04-28: Recommendation of Dividend
ALARABANK: The Board of Directors has recommended 10% cash and 5% stock dividend for the year ended December 31, 2023. Date of AGM: 18.08.2024, Time: 11:30 AM. Venue: Digital Platform. Record Date: 09.06.2024. The Company has also reported Consolidated EPS of Tk. 2.14, Consolidated NAV per share of Tk. 22.63 and Consolidated NOCFPS of Tk. 0.50 for the year ended December 31, 2023 as against Tk. 1.89, Tk. 22.09 and Tk. 9.98 respectively for the year ended December 31, 2022 The company has informed that EPS for year ended December 31, 2023 has been increased as total provision against investment decreased in this year compared to previous year. (cont-1)
2024-04-18: Board Meeting
ALARABANK: The Company has informed that the Board Meeting of the Company will be held on April 25, 2024 at 2:35 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2023.
2023-11-21: Name Change of the Company
ALARABANK: Chittagong Stock Exchange PLC (CSE) has approved the proposed name change of the Company. Accordingly, the name of the Company will be ''Al-Arafah Islami Bank PLC.'' instead of ''Al-Arafah Islami Bank Limited'' with effect from November 22, 2023. Other things (except name) will remain unchanged.
2023-10-31: Cont-Un-audited Financial Statement
ALARABANK: (Quarter 3)(cont) Consolidated EPS for July-September 2023 has been increased as total provision against investment decreased compared to previous corresponding period. ii) NOCFPS in the reporting period has been decreased due to Placement from other banks and financial institution decreased in this period compared to previous corresponding period as well as Deposit from customers (Other than Bank) decreased in this period compared to previous corresponding period.(end)
2023-10-31: Un-audited Financial Statement
ALARABANK: (Quarter 3) As per the un-audited financial statements of the Company, Consolidated EPS was Tk. 0.41 for July-September 2023 as against Tk. 0.03 for July-September 2022; Consolidated EPS was Tk. 1.18 for January-September 2023 as against Tk. 1.17 for January-September 2022. Consolidated NOCFPS was Tk. (1.48) for January-September 2023 as against Tk. 4.69 for January-September 2022. Consolidated NAV per share was Tk. 22.08 as on September 30, 2023 and Tk. 21.77 as on September 30, 2022. Reasons for deviations: i) Consolidated EPS for January-September 2023 has been increased as total provision against investment decreased compared to previous corresponding period.(cont)
2023-10-23: Board Meeting
ALARABANK: Al-Arafah Islami Bank Limited has informed that the Board Meeting of the Company will be held on October 30, 2023 at 2:35 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2023.
2023-10-05: Transfer Confirmation
ALARABANK: Mr. Mir Ahammad, one of the Sponsors of Al-Arafah Islami Bank Limited, has further informed that he has completed transfer of his entire holding of 52,17,594 shares of the company to his son Mr. Mohammad Abdus Salam, who is also a Director of the company, by way of gift outside the trading system of the Exchange as per declaration disseminated on 03.10.2023.
2023-10-03: Transfer Intention
ALARABANK: Mr. Mir Ahammad, one of the Sponsors of Al-Arafah Islami Bank Limited, has reported his intention to transfer his entire holding of 52,17,594 shares of the company to his son Mr. Mohammad Abdus Salam, who is also a Director of the company, by way of gift outside the trading system of the Exchange by October 31, 2023.
2023-09-26: Dividend Disbursement
ALARABANK: Al-Arafah Islami Bank Limited has informed that it has credited the Bonus shares to the respective shareholders' BO Accounts and it has also disbursed the Cash Dividend to the respective shareholders for the year ended December 31, 2022.
2023-07-30: Un-audited HY A/Cs
ALARABANK: (Quarter 2) As per un-audited half yearly accounts of Al-Arafah Islami Bank Ltd., Diluted Consolidated EPS was Tk. 0.58 for April-June 2023 as against Tk. 0.66 for April-June 2022; Diluted Consolidated EPS was Tk. 0.77 for January-June 2023 as against Tk. 1.14 for January-June 2022. Consolidated NOCFPS was Tk. 7.70 for January-June 2023 as against Tk. 22.28 for January-June 2022. Consolidated NAV per share was Tk. 22.03 as on June 30, 2023 and Tk. 22.39 as on June 30, 2022. (Cont)
2023-07-30: Cont-Un-audited HY A/Cs
ALARABANK(cont): Reasons for deviation in EPS and NOCFPS: EPS has been decreased due to profit paid on deposit & borrowing increased; commission, exchange and brokerage income decreased and total operating expense increased compare to previous corresponding period. NOCFPS has been decreased due to deposit from customer (other than banks) decreased in this period compare to previous corresponding period.(end)
2023-07-23: Board Meeting
ALARABANK: Al-Arafah Islami Bank Limited has informed that the Board Meeting of the Company will be held on July 27, 2023 at 2:35 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2023.
2023-06-11: Record Date tomorrow (12.06.2023)
ALARABANK: Trading of the shares of Al-Arafah Islami Bank Limited will remain suspended on its record date i.e., 12.06.2023. Trading of the shares of the Company will resume on 13.06.2023.
2023-06-07: Spot trade from tomorrow (08.06.2023)
ALARABANK: Trading of the shares of Al-Arafah Islami Bank Limited will be allowed only in the Spot Market from 08.06.2023 to 11.06.2023 as the record date of the Company is on 12.06.2023.
2023-05-15: Cont-Un-audited Financial Statement
ALARABANK: (Quarter 1) (cont) Reasons for deviation in EPS and NOCFPS: EPS has been decreased due to decrease in net investment income and increase in operating expenses compare to previous corresponding period. NOCFPS has been decreased due to increase of placement to other bank, investment and advance to customer and decrease in placement from other bank and financial institution.(end)
2023-05-15: Un-audited Financial Statement
ALARABANK: (Quarter 1) As per the un-audited financial statements of Al-Arafah Islami Bank Limited, Diluted Consolidated EPS was Tk. 0.19 for January-March 2023 as against Tk. 0.48 for January-March 2022. Consolidated NOCFPS was Tk. 4.85 for January-March 2023 as against Tk. 20.12 for January-March 2022. Consolidated NAV per share was Tk. 23.07 as on March 31, 2023 and Tk. 23.22 as on March 31, 2022.(cont)
2023-05-08: Board Meeting
ALARABANK: Al-Arafah Islami Bank Limited has informed that the Board Meeting of the Company will be held on May 14, 2023 at 2:35 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2023.
2023-05-02: CB Free
ALARABANK: Please note that there will be no price limit today 02.05.2023 on the trading of the shares of the Company following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/39 dated July 28, 2022, the floor price shall be applicable accordingly.
2023-05-02: Cont2-Recommendation of Dividend
ALARABANK(cont2):or through reducing Paid up Capital or through doing anything so that the post dividend retained earnings become negative or a debit balance. The Board has also decided to adopt the registered name of the Bank to 'Al-Arafa Islami Bank PLC' from 'Al-Arafa Islami Limited' and to amend the related clauses of the Memorandum and Articles of Association of the Bank subject to obtaining approval from the shareholders of the Bank and the regulatory bodies.(end)
2023-05-02: Cont1-Recommendation of Dividend
ALARABANK(cont1):Reason for deviation in NOCFPS : NOCFPS has been increased due to placement increased from other banks and deposit increased from customer. Reasons for declaration of stock dividend: i) The retained amount of declared stock dividend will be used to strengthen the capital base of the Company as per BASEL III which will also help to increase business capacity. ii) The stock dividend is declared out of retained earnings of the Company. iii) The stock dividend is not declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of the Company(cont2)
2023-05-02: Recommendation of Dividend
ALARABANK: The Board of Directors has recommended 12% cash and 3% stock dividend for the year ended December 31, 2022. Date of AGM: 16.08.2023, Time: 11:30 AM. Venue: Digital Platform. Record Date: 12.06.2023. The Company has also reported Consolidated EPS of Tk. 1.95, Consolidated NAV per share of Tk. 22.75 and Consolidated NOCFPS of Tk. 10.28 for the year ended December 31, 2022 as against Tk. 1.96, Tk. 22.73 and Tk. (9.21) respectively for the year ended December 31, 2021.(cont1)
2023-04-17: Board Meeting
ALARABANK: Al-Arafah Islami Bank Limited has informed that the Board Meeting of the Company will be held on April 30, 2023 at 2:35 PM to consider, among others, audited financial statements of the company for the year ended December 31, 2022.
2022-10-30: Cont-Un-audited Financial Statement
ALARABANK: (Quarter 3) (cont) Whereas Consolidated EPS July-September 2022 has been decreased as total provision against investment increased Tk. 19.47 crore compared to previous corresponding period. ii) NOCFPS in the reporting period has been decreased due to investment and advances to customer (other than Banks) increased by Tk. 2,385.71 crore and Placement from other banks and financial institution decreased by Tk. 784.65 crore in this period compared to previous corresponding period.(end)
2022-10-30: Un-audited Financial Statement
ALARABANK: (Quarter 3) As per the un-audited financial statements of Al-Arafah Islami Bank Limited, Consolidated EPS was Tk. 0.03 for July-September 2022 as against Tk. 0.38 for July-September 2021; Consolidated EPS was Tk. 1.21 for January-September 2022 as against Tk. 1.54 for January-September 2021. Consolidated NOCFPS was Tk. 4.83 for January-September 2022 as against Tk. 6.39 for January-September 2021. Consolidated NAV per share was Tk. 22.43 as on September 30, 2022 and Tk. 22.39 as on September 30, 2021. Reasons for deviations: i) Consolidated EPS for January-September 2022 has been decreased as total provision against investment increased by Tk. 124.98 crore in this period compared to previous corresponding period.(cont)
2022-10-24: Board Meeting
ALARABANK: Al-Arafah Islami Bank Limited has informed that the Board Meeting of the Company will be held on October 27, 2022 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2022.
2022-09-14: Cash Dividend Disbursement
ALARABANK: Al-Arafah Islami Bank Limited has informed that it has disbursed the cash dividend for the year ended December 31, 2021 to the respective shareholders.
2022-09-04: Cont-BSEC's Consent for Issuing of AIBL 4th Mudaraba Subordinated Bond
ALARABANK: (cont) The consent has been accorded subject to compliance of relevant laws and regulatory requirements as per BSEC (Debt Securities) Rules, 2021 and also adherence to the conditions imposed by BSEC under Section- 2CC of the Securities and Exchange Ordinance, 1969. The purpose of the issue is to strengthen the capital base of the Bank. (end)
2022-09-04: BSEC's Consent for Issuing of AIBL 4th Mudaraba Subordinated Bond
ALARABANK: Refer to their earlier news disseminated by CSE on 16.05.2022 regarding Issuing of AIBL 4th Mudaraba Subordinated Bond, Al-Arafah Islami Bank Limited has further informed that Bangladesh Securities and Exchange Commission (BSEC) vide their letter no. BSEC/CI/DS-861/2022/945, Dated September 04, 2022 has accorded its consent to Al-Arafah lslami Bank Limited (AIBL) for raising of capital through issuance of AIBL 4th Mudaraba Subordinated Bond amounting to BDT 500.00 crore only through private placement in cash consideration. (cont)
2022-08-10: Transfer Confirmation
ALARABANK: Mr. Mohammed Haroon, one of the Sponsors of Al-Arafah Islami Bank Limited, has further informed that he has completed his transfer of 1,59,83,000 shares of the company to his son Anwar Hossain (General Shareholder of the company), by way of gift outside the trading system of the Exchange as per declaration disseminated on 07.08.2022.
2022-08-07: Transfer Intention
ALARABANK: Mr. Mohammed Haroon, one of the Sponsors of Al-Arafah Islami Bank Limited, has reported his intention to transfer 1,59,83,000 shares out of his total holding of 2,14,22,224 shares of the Company to his son Anwar Hossain (General Shareholder of the company), by way of gift outside the trading system of the Exchange within next 30 working days from the date of issuance of approval letter by DSE.
2022-07-31: Cont-Un-audited HY A/Cs
ALARABANK: (Quarter 2)(Cont) The Company has also informed that Consolidated EPS in the reporting quarter has been decreased as total provision against investment increased by Tk. 87.81 crore compared to previous corresponding quarter. NOCFPS has been increased due to increase of deposit from customer (other than banks) and placement from other banks and financial institution in this period compared to previous corresponding period.(end)
2022-07-31: Un-audited HY A/Cs
ALARABANK: (Quarter 2) As per un-audited half yearly accounts of Al-Arafah Islami Bank Ltd., Consolidated EPS was Tk. 0.68 for April-June 2022 as against Tk. 0.90 for April-June 2021; Consolidated EPS was Tk. 1.17 for January-June 2022 as against Tk. 1.16 for January-June 2021. Consolidated NOCFPS was Tk. 22.28 for January-June 2022 as against Tk. 4.85 for January-June 2021. Consolidated NAV per share was Tk. 22.39 as on June 30, 2022 and Tk. 22.01 as on June 30, 2021.(Cont)
2022-07-24: Board Meeting
ALARABANK: Al-Arafah Islami Bank Limited has informed that the Board Meeting of the Company will be held on July 28, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2022.
2022-07-19: Credit Rating
ALARABANK: Credit Rating Information and Services Limited (CRISL) has assigned the rating to Al-Arafah Islami Bank Limited as ''AA'' in the long term and ''ST-2'' in the short term along with a Stable outlook based on audited financial statements of the Company up to December 31, 2021 also unaudited financial statements up to March 31, 2022 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
2022-06-07: Record Date tomorrow (08.06.2022)
ALARABANK: Trading of the shares of Al-Arafah Islami Bank Limited will remain suspended on its record date i.e., 08.06.2022. Trading of the shares of the Company will resume on 09.06.2022.
2022-06-05: Spot trade from tomorrow (06.06.2022)
ALARABANK: Trading of the shares of Al-Arafah Islami Bank Limited will be allowed only in the Spot Market from 06.06.2022 to 07.06.2022 as the record date of the Company is on 08.06.2022.
2022-05-16: Issuing of AIBL 4th Mudaraba Subordinated Bond
ALARABANK: Al-Arafah Islami Bank Limited has also informed that the Board of Directors of the Bank has decided to issue AIBL 4th Mudaraba Subordinated Bond amounting to BDT. 500.00 crore through private placement subject to approval of regulatory bodies. The purpose of the issue is to strengthen the capital base of the Bank.
2022-05-16: Un-audited Financial Statement
ALARABANK: (Quarter 1) As per the un-audited financial statements of Al-Arafah Islami Bank Limited, Consolidated EPS was Tk. 0.49 for January-March 2022 as against Tk. 0.26 for January-March 2021. Consolidated NOCFPS was Tk. 20.12 for January-March 2022 as against Tk. (4.04) for January-March 2021. Consolidated NAV per share was Tk. 23.22 as on March 31, 2022 and Tk. 22.61 as on March 31, 2021.Reason for Significant deviation in EPS and NOCFPS: EPS in the reporting period has increased due to nonfunded income (commission, Exchange and Brokerage) have increased. NOCFPS in the reporting period has increased due to increase of placement from other bank and financial institution.
2022-04-27: Board Meeting
ALARABANK: Al-Arafah Islami Bank Limited has informed that the Board Meeting of the Company will be held on May 12, 2022 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2022.
2022-04-27: CB Free
ALARABANK: Please note that there will be no price limit today 27.04.2022 on the trading of the shares of the Company following its corporate declaration.
2022-04-27: Cont-Recommendation of Dividend
ALARABANK(cont): Reasons for significant deviations: EPS for the Year ended December 31, 2021 has been decreased as total provision against investment increased in this year compared to previous year. NOCFPS for the Year ended December 31, 2021 has been decreased for following reason: a) Placement to other banks increased in this year compared to previous year. b) Investment and advances to customers (other than Bank) increased in this year compared to previous year. c) Deposit from customer (other than Bank) decreased in this year compared to previous year.(end)
2022-04-27: Recommendation of Dividend
ALARABANK: The Board of Directors has recommended 15% cash dividend for the year ended December 31, 2021. Date of AGM: 11.08.2022, Time: 11:30 AM. Venue: Digital Platform. Record Date: 08.06.2022. The Company has also reported Consolidated EPS of Tk. 1.96, Consolidated NAV per share of Tk. 22.73 and Consolidated NOCFPS of Tk. (9.21) for the year ended December 31, 2021 as against Tk. 2.41, Tk. 22.35 and Tk. 9.44 respectively for the same period of the previous year.(cont)
2022-04-17: Board Meeting
ALARABANK: Al-Arafah Islami Bank Limited has informed that the Board Meeting of the Company will be held on April 26, 2022 at 2:30 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2021.
2021-10-26: Cont-Un-audited Financial Statements
ALARABANK(cont): i) Consolidated EPS for January-September 2021 has been increased as total provision against investment decreased by Tk. (12.21) crore in this period compared to previous corresponding period. Whereas Consolidated EPS July-September 2021 has decreased against July-September 2020 due to total provision against investment increased Tk. 8.52 crore. ii) NOCFPS in the reporting period has been increased as Placement from other banks and financial institution increased by Tk. 832.33 crore in the period compared to previous corresponding period.(end)
2021-10-26: Un-audited Financial Statements
ALARABANK: (Quarter 3) As per the un-audited financial statements of Al-Arafah Islami Bank Limited, Consolidated EPS was Tk. 0.38 for July-September 2021 as against Tk. 0.50 for July-September 2020; Consolidated EPS was Tk. 1.54 for January-September 2021 as against Tk. 1.35 for January-September 2020. Consolidated NOCFPS was Tk. 6.39 for January-September 2021 as against Tk. 4.21 for January-September 2020. Consolidated NAV per share was Tk. 22.39 as on September 30, 2021 and Tk. 21.18 as on September 30, 2020. It is to be noted that(cont)
2021-10-17: Board Meeting
ALARABANK: Al-Arafah Islami Bank Limited has informed that the Board Meeting of the Company will be held on October 25, 2021 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2021.
2021-09-13: Cash Dividend Disbursement
ALARABANK: Al-Arafah Islami Bank Limited has informed that the Cash Dividend disbursement for the year ended on 31 December 2020 has already been completed to the respective Bank account of the Shareholders through BEFTN system and in the form of dividend warrant (folio shareholders).
2021-08-31: BSEC's Consent for issuance of Mudaraba Perpetual Bond
ALARABANK: Refer to their earlier news disseminated by CSE on 28.06.2021 regarding Issuance of AIBL Mudaraba Perpetual Bond, Al-Arafah Islami Bank Limited has further informed that BSEC has accorded its consent to AIBL Mudaraba Perpetual Bond for raising of Tire-1 capital through issuance of AIBL Mudaraba Perpetual amounting to BDT 500.00 crore only through 90% private placement and 10% public offer. The consent has been accorded subject to compliance of relevant laws and regulatory requirements as per BSEC (Debt Securities) Rules, 2021 and also adherence to the conditions imposed by BSEC under Section- 2CC of the Securities and Exchange Ordinance, 1969. The purpose of the issue is to strengthen the capital base of the Bank.
2021-08-17: Election of Chairman and Vice Chairman
ALARABANK: Al-Arafah Islami Bank Limited has informed that the Board of Directors has elected Alhajj Salim Rahman as the Chairman and Alhajj Abu Naser Md. Yeahea as the Vice Chairman of the Board of Directors of the Bank.
2021-08-02: Cont-Un-audited HY A/Cs
ALARABANK(cont): The Company has also informed that Consolidated EPS in the reporting period has been increased as total provision against investment decreased by Tk. (20.55) crore as well as total operating expenses decreased by (39.57) crore in this period compared to previous corresponding period. The Consolidated Net operating cash Flow Per Share (NOCFPS) has been increased as deposit from customer (other than banks) increased by Tk. 525.41 crore in this period compared to decreased by Tk. (8.92) crore in the previous corresponding period.(end)
2021-08-02: Un-audited HY A/Cs
ALARABANK: (Quarter 2) As per un-audited half yearly accounts of Al-Arafah Islami Bank Ltd., Consolidated EPS was Tk. 0.90 for April-June 2021 as against Tk. 0.34 for April-June 2020; Consolidated EPS was Tk. 1.16 for January-June 2021 as against Tk. 0.84 for January-June 2020. Consolidated NOCFPS was Tk. 4.85 for January-June 2021 as against Tk. 2.20 for January-June 2020. Consolidated NAV per share was Tk. 22.01 as on June 30, 2021 and Tk. 21.97 as on June 30, 2020.(cont)
2021-07-25: Board Meeting
ALARABANK: Al-Arafah Islami Bank Limited has informed that the Board Meeting of the Company will be held on July 29, 2021 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2021.
2021-07-19: Credit Rating
ALARABANK: Credit Rating Information and Services Limited (CRISL) has assigned the rating to Al-Arafah Islami Bank Limited as ''AA'' in the long term and ''ST-2'' in the short term along with a stable outlook in consideration of its audited financials up to December 31, 2020, unaudited financials up to March 31, 2021 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
2021-06-28: Cont-Decision to amend issue AIBL Mudaraba Perpetual Bond
ALARABANK(cont): on private placement basis for BDT 450.00 crore and the rest amount of BDT 50.00 crore on public offer basis instead of private placement basis for entire amount of BDT 500.00 crore in the line with Directive issued by Bangladesh Securities and Exchange Commission, other regulatory requirements and subject to approval from concerned regulatory authorities as well as approval of the shareholders of the Company.(end)
2021-06-28: Decision to amend issue AIBL Mudaraba Perpetual Bond
ALARABANK: Refer to their earlier news disseminated by CSE on 30.12.2020 regarding Decision to issue Mudaraba Perpetual Bond, Al-Arafah Islami Bank Limited has further informed that Board of Directors has decided to raise BDT 500.00 crore through issuance of AIBL Mudaraba Perpetual Bond for inclusion in addition Tire- 1 Capital of the Bank under Basel- III norms complying with Bangladesh Bank Guidelines on Risk Based Capital Adequacy,(cont)
2021-06-09: Record Date tomorrow (10.06.2021)
ALARABANK: Trading of the shares of Al-Arafah Islami Bank Limited will remain suspended on its record date i.e., 10.06.2021. Trading of the shares of the Company will resume on 13.06.2021.
2021-06-07: Spot trade from tomorrow (08.06.2021)
ALARABANK: Trading of the shares of Al-Arafah Islami Bank Limited will be allowed only in the Spot Market from 08.06.2021 to 09.06.2021 as the record date of the Company is on 10.06.2021.
2021-05-31: Cont-Un-audited Financial Statements
ALARABANK(cont):EPS in the reporting period has decreased as a result of combined effect of decrease in investment income by Tk. 57.70 crore in this period compared to previous corresponding period due to implementation of single digit rate (as directed by Bangladesh Bank) as well as impact of prevailing COVID-19. NOCFPS in the reporting period has decreased due to decrease of Placement from other Banks and Financial Institution in this Q1, 2021 is Tk. (76.93) crore against increase Tk. 881.83 crore in the previous corresponding period.(end)
2021-05-31: Un-audited Financial Statements
ALARABANK: (Quarter 1) As per the un-audited financial statements of Al-Arafah Islami Bank Limited, Consolidated EPS was Tk. 0.26 for January-March 2021 as against Tk. 0.51 for January-March 2020; Consolidated NOCFPS was Tk. (4.04) for January-March 2021 as against Tk. 0.79 for January-March 2020. Consolidated NAV per share was Tk. 22.61 as on March 31, 2021 and Tk. 21.63 as on March 31, 2020. Reason for Significant deviation in EPS and NOCFPS:(cont)
2021-05-23: Board Meeting
ALARABANK: Al-Arafah Islami Bank Limited has informed that the Board Meeting of the Company will be held on May 30, 2021 at 1:35 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2021.
2021-05-11: CB Free
ALARABANK: Please note that there will be no price limit today 11.05.2021 on the trading of the shares of the Company following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.
2021-05-11: Recommendation of Dividend
ALARABANK: The Board of Directors has recommended 15% cash dividend for the year ended on December 31, 2020. Date of AGM: 09.08.2021, Time: 11:30 AM. Venue: Digital Platform. Record Date: 10.06.2021. The Company has also reported Consolidated EPS of Tk. 2.41, Consolidated NAV per share of Tk. 22.35 and Consolidated NOCFPS of Tk. 9.44 for the year ended on December 31, 2020 as against Tk. 2.28, Tk. 21.13 and Tk. 11.58 respectively for the same period of the previous year. It is to be noted that Consolidated NOCFPS significantly decreased as placement from other banks and financial institution decreased by (352.00) crore in this year 2020 compared to increase by 563.00 crore in previous corresponding year 2019.
2021-04-27: Reschedule of Board Meeting
ALARABANK: Al-Arafah Islami Bank Limited has further informed that, due to unavoidable circumstances, the Board Meeting of the Company will now be held on May 9, 2021 at 1:30 PM instead of April 29, 2021 at 2:30 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2020.
2021-04-22: Board Meeting
ALARABANK: Al-Arafah Islami Bank Limited has informed that the Board Meeting of the Company will be held on April 29, 2021 at 2:30 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2020.
2021-01-03: Decision to issue Mudaraba Perpetual Bond
ALARABANK: (repeat) Al-Arafah Islami Bank Limited has informed that Board of Directors of the Bank has taken decision to issue Mudaraba Perpetual Bond for Tk. 500.00 Crore to strengthen Bank's Capital as requirement under Basel III in the name and style ''AIBL Mudaraba Perpetual Bond'' through private placement subject to approval of regulatory bodies.
2020-11-26: Revaluation of Fixed Assets (Land)
ALARABANK: Al-Arafah Islami Bank Limited has informed that the Board of Directors has approved the revaluation of Land measuring 30.36 Khata situated at 63, Purana Palton, Dhaka of the bank from book value of Tk. 136.62 crore to Tk. 151.80 crore i.e. increased by Tk. 15.18 crore only as conducted by a renowned surveyor G.K Adjuster Limited and certified by Rahman Mostafa Alam & Co. Chartered Accountants and Hussain Farhad & Co. Chartered Accountants.
2020-10-27: Cont-Un-audited Financial Statement
ALARABANK: (Quarter 3) (Cont) It is to be noted that i) Consolidated EPS in the reporting period has been significantly increase as provision against investment decreased by Tk. 181.33 crore in the period compared to previous corresponding period. ii) NOCFPS in the reporting period has been significantly decreased as Investment and advances to customers (other than Bank) increased by Tk. 586.94 crore in the period compared to previous corresponding period.(end)
2020-10-27: Un-audited Financial Statement
ALARABANK: (Quarter 3) As per the un-audited financial statements of Al-Arafah Islami Bank Limited, Consolidated EPS was Tk. 0.50 for July-September 2020 as against Tk. (0.27) for July-September 2019; Consolidated EPS was Tk. 1.35 for January-September 2020 as against Tk. 0.24 for January-September 2019. Consolidated NOCFPS was Tk. 4.21 for January-September 2020 as against Tk. 10.72 for January-September 2019. Consolidated NAV per share was Tk. 21.18 as on September 30, 2020 and Tk. 21.13 as on September 30, 2019.(Cont)
2020-10-19: Board Meeting
ALARABANK: Al-Arafah Islami Bank Limited has informed that the Board Meeting of the Company will be held on October 25, 2020 at 2:35 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2020.
2020-10-06: Cash Dividend Disbursement
ALARABANK: Al-Arafah Islami Bank Limited has informed that the Cash Dividend disbursement for the year ended on 31 December 2019 has already been completed to the respective Bank account of the Shareholders through BEFTN system and in the form of dividend warrant (folio shareholders).
2020-09-06: Consent of issuance AIBL 3rd Mudaraba Subordinated Bond
ALARABANK: Refer to their earlier news disseminated by CSE on 27.01.2020 regarding Issuance of AIBL 3rd Mudaraba Subordinated Bond, Al-Arafah Islami Bank Limited has further informed that BSEC has accorded consent for raising of capital through issuance of AIBL 3rd Mudaraba Subordinated Bond amounting to Tk. 500.00 crore only through Private Placement in cash consideration. The consent has been accorded subject to the condition that the Company shall comply with the relevant laws and regulation requirement, and also shall adhere to the condition imposed by BSEC under Section-2CC of the Securities and Exchange Ordinance, 1969. The purpose of the issue is to strength the capital base of the Bank.
2020-09-02: Transfer Confirmation
ALARABANK: Mr. Badsha Meah, one of the Sponsors of Al-Arafah Islami Bank Limited, has further reported that he has completed his transfer of 1,78,00,000 shares of the Company to his son Mr. Md. Rafiqul Islam, by way of gift outside the trading system of the Exchange as per declaration disseminated on 31.08.2020.
2020-08-31: Transfer Intention
ALARABANK: Mr. Badsha Meah, one of the Sponsors of Al-Arafah Islami Bank Limited, has reported his intention to transfer 1,78,00,000 shares out of his total holding of 2,12,98,602 shares to his son Mr. Md. Rafiqul Islam, by way of gift outside the trading system of the Exchange within 30 working days from the date of issuance of approval letter by DSE.
2020-07-29: Record Date tomorrow (30.07.2020)
ALARABANK: Trading of the shares of Al-Arafah Islami Bank Limited will remain suspended on its record date i.e., 30.07.2020. Trading of the shares of the Company will resume on 03.08.2020.
2020-07-29: Cont-Un-audited HY A/Cs
ALARABANK(cont):The Company also informed that Consolidated EPS has been increased as provision against investment decreased by Tk. 114.11 crore in this period compared to previous corresponding period. The Consolidated Net operating cash Flow Per Share (NOCFPS) has been significantly decreased as deposit from customer (other than banks) decrease by Tk. (8.92) crore in this period compared to increase by Tk. 2089.11 crore in the previous corresponding period.(end)
2020-07-29: Un-audited HY A/Cs
ALARABANK: (Quarter 2) As per un-audited half yearly accounts of Al-Arafah Islami Bank Ltd., Consolidated EPS was Tk. 0.34 for April-June 2020 as against Tk. 0.07 for April-June 2019; Consolidated EPS was Tk. 0.84 for January-June 2020 as against Tk. 0.51 for January-June 2019. Consolidated NOCFPS was Tk. 2.20 for January-June 2020 as against Tk. 11.00 for January-June 2019. Consolidated NAV per share was Tk. 21.97 as on June 30, 2020 and Tk. 19.43 as on June 30, 2019.(cont)
2020-07-27: Spot trade from tomorrow (28.07.2020)
ALARABANK: Trading of the shares of Al-Arafah Islami Bank Limited will be allowed only in the Spot Market from 28.07.2020 to 29.07.2020 as the record date of the Company is on 30.07.2020.
2020-07-22: Credit Rating
ALARABANK: Credit Rating Information and Services Limited (CRISL) has assigned the rating to Al-Arafah Islami Bank Limited as ''AA'' in the long term and ''ST-2'' in the short term along with a stable outlook in consideration of its audited financials up to December 31, 2019, unaudited financials up to March 31, 2020 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
2020-07-22: Board Meeting
ALARABANK: Al-Arafah Islami Bank Limited has informed that the Board Meeting of the Company will be held on July 28, 2020 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2020.
2020-07-09: Cont5-Auditor's Opinion
ALARABANK(cont5):Therefore, considering the above implementation issues the Bank has not taken IFRS 16 adjustments on the basis of overall materiality as specified in the materiality guidance in the 'Conceptual Framework for Financial Reporting' and in 'International Accounting Standard 1 Presentation of Financial Statements'. However, the- Bank would continue to liaison with regulators and related stakeholders and observe the market practice for uniformity and comparability, and-take necessary actions in line with regulatory guidelines and market practice.''(end)
2020-07-09: Cont4-Auditor's Opinion
ALARABANK(cont4):nor any benchmark on quantification guidance on low value items have been agreed locally in Bangladesh. Nevertheless, as a first step the Bank has defined 'low value asset ' which are to be excluded from IFRS 16 requirement and considered lease of 'ATM Booths and other installations' as low value asset. Thereafter, the Bank has reviewed lease arrangements for 'office premises' for consideration under IFRS 16. As per the preliminary assessment of leases for 'office premises', the Bank has concluded that the potential impact of these lease items in the Balance Sheet and Profit and Loss Account of the Bank for the year 2019 is not considered to be material.(cont5)
2020-07-09: Cont3-Auditor's Opinion
ALARABANK(cont3):In addition, there are no direction from National Board of Revenue (NBR) regarding treatment of lease rent, depreciation on ROU assets and interest on lease liability for income tax purposes and applicability of VAT on such items. Finally, paragraph 5 of IFRS 16 provide the recognition exemptions to short-term leases and leases for which the underlying asset is of low value. Although, paragraphs B3 to B8 of the Application Guidance (Appendix B) of IFRS 16 provide some qualitative guidance on low value asset, but these guidance is focused towards moveable asset. Immovable asset like rental of premises (i.e. real estate) is not covered on those guidance,(cont4)
2020-07-09: Cont2-Auditor's Opinion
ALARABANK(cont2):call center, warehouse, etc.) and a corresponding lease liability. The asset and the liability are initially measured at the present value of unavoidable lease payments. The depreciation of the lease asset (ROU) and the interest on the lease liability is recognized in the profit or loss account over the lease term replacing the previous heading 'lease rent expenses. While implementing IFRS 16, the Bank observed that IFRS 16 is expected to have impact on various regulatory capital and liquidity ratios as well as other statutory requirements issued by various regulators.(cont3)
2020-07-09: Cont1-Auditor's Opinion
ALARABANK(cont1):for a period of time in exchange for consideration. IFRS 16 significantly changes how a lessee accounts for operating leases. Under previous IAS 17, an entity would rent an office building or a branch premises for several years with such a rental agreement being classified as operating lease would have been considered as an off-balance sheet item. However, IFRS 16 does not require a lease classification test and hence all leases shall be accounted for as on balance sheet item (except some limited exception i.e. short-term lease, leases for low value items). Under IFRS 16, an entity shall be recognizing a right-of-use (ROU) asset (i.e. the right to use the office building, branches, service center,(cont2)
2020-07-09: Auditor's Opinion
ALARABANK: The auditor of Al-Arafa Islami Bank Ltd. has given the following ''Emphasis of Matter'' in the audit report of the company for the year ended on 31 December 2019. Emphasis of Matter: ''We draw attention to note 2.8.4 of the financial statements, which describes matters related to implementation of 'FRS 16 Leases' including preliminary assessment of its impact as assessed by management. Our opinion is not modified in respect of this matter. Note 2.8.4 IFRS 16: Leases: IFRS 16 Leases is effective for the annual reporting periods beginning on or after 1 January 2019. IFRS 16 defines that a contract is (or contains) a lease if the contract conveys the right to control the use of an identified asset(cont1)
2020-06-29: Un-audited Financial Statement
ALARABANK: (Quarter 1) As per the un-audited financial statements of Al-Arafah Islami Bank Limited, Consolidated EPS was Tk. 0.51 for January-March 2020 as against Tk. 0.44 for January-March 2019; Consolidated NOCFPS was Tk. 0.79 for January-March 2020 as against Tk. 3.54 for January-March 2019. Consolidated NAV per share was Tk. 21.63 as on March 31, 2020 and Tk. 21.13 as on March 31, 2019.
2020-06-29: CB Free
ALARABANK: Please note that there will be no price limit today 29.06.2020 following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.
2020-06-29: Recommendation of Dividend
ALARABANK: The Board of Directors has recommended 13% cash dividend for the year ended on December 31, 2019. Date of AGM: 03.09.2020, Time: 11:30 AM. Venue: Digital Platform as per BSEC order. Record Date: 30.07.2020. The Company has also reported Consolidated EPS of Tk. 2.28, Consolidated NAV per share of Tk. 21.13 and Consolidated NOCFPS of Tk. 11.58 for the year ended on December 31, 2019 as against Tk. 2.30, Tk. 20.39 and Tk. (12.98) respectively for the same period of the previous year. It is to be noted that NOCFPS significantly increased mainly due to increase deposit from customers compared to previous year.
2020-06-21: Board Meeting
ALARABANK: Al-Arafah Islami Bank Limited has informed that the Board Meeting of the Company will be held on June 28, 2020 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2019.
2020-06-21: Board Meeting
ALARABANK: Al-Arafah Islami Bank Limited has informed that the Board Meeting of the Company will be held on June 28, 2020 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2020.
2020-01-27: Decision to form a Subsidiary Company
ALARABANK: Al-Arafah Islami Bank Limited has informed that the Board of Directors of the Company has decided to form a Subsidiary Company for its Mobile Financial Services (MFS) business jointly with Green More Limited subject to approval of the Regulatory Authorities.
2020-01-27: Issuance of AIBL 3rd Mudaraba Subordinated Bond
ALARABANK: Al-Arafah Islami Bank Limited has informed that the Board of Directors of the Company has decided to issue Mudaraba Subordinated Bond (7 Years Redeemable) for Tk. 500.00 crore to strengthen Bank's Capital in the name and style ''AIBL 3rd Mudaraba Subordinated Bond'' through Private Placement subject to approval of the Regulatory Authorities.
2019-10-31: Sale Confirmation
ALARABANK: Alhaj Md. Harun Ar Rashid Khan, one of the Sponsor Directors of Al-Arafah Islami Bank Limited, has further reported that he has completed sale of his entire holding of 2,12,98,557 shares of the Company at prevailing market price through Stock Exchange as per declaration disseminated on 29.10.2019.
2019-10-29: Sale Intention
ALARABANK: Alhaj Md. Harun Ar Rashid Khan, one of the Sponsor Directors of Al-Arafah Islami Bank Limited, has reported his intention to sell his entire holding of 2,12,98,557 shares of the Company at prevailing market price (In the Block Market) through Stock Exchange (DSE) within October 31, 2019.
2019-10-24: Cont-Un-audited Financial Statement
ALARABANK(cont): a) Increase specific provision by Tk. 147.80 crore against loans and advance (Investment). b) Increased Tax provision by Tk. 68.00 crore. ii) NOCFPS in the reporting period has been significantly increased due to the following reasons compared to corresponding period: Increased Placement from other banks and financial institution in this Q3, 2019 is Tk. 679.35 crore against decreased Tk. (681.15) crore in previous corresponding period. On the other hand Investment and advances to customers (other than Bank) in this Q3, 2019 is decreased by 373.33 crore in the previous corresponding period.(end)
2019-10-24: Un-audited Financial Statement
ALARABANK: (Quarter 3) As per the un-audited financial statements of Al-Arafah Islami Bank Limited, Consolidated EPS was Tk. (0.27) for July-September 2019 as against Tk. 0.30 for July-September 2018; Consolidated EPS was Tk. 0.24 for January-September 2019 as against Tk. 0.72 for January-September 2018. Consolidated NOCFPS was Tk. 10.72 for January-September 2019 as against Tk. 0.05 for January-September 2018. Consolidated NAV per share was Tk. 19.16 as on September 30, 2019 and Tk. 20.39 as on September 30, 2018. It is to be noted that i) Consolidated EPS in the reporting period has been significantly decline due to the following reasons compared to corresponding period:(cont)
2019-10-15: Board Meeting
ALARABANK: Al-Arafah Islami Bank Limited has informed that the Board Meeting of the Company will be held on October 23, 2019 at 2:35 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2019.
2019-09-30: Transfer Confirmation
ALARABANK: Mr. Alhajj Kazi Abu Kausar, one of the Sponsors of Al-Arafah Islami Bank Ltd. has further reported that he has completed his transfer of 16,60,000 shares to his sisters Mrs. Kazi Sultana Delwar (10,00,000 shares) and Mrs. Kazi Nasema Akter (6,60,000 shares) respectively, by way of gift outside the trading system of the Exchange, as per declaration disseminated on 25.09.2019.
2019-09-25: Transfer Intention
ALARABANK: Mr. Alhajj Kazi Abu Kausar, one of the Sponsors of Al-Arafah Islami Bank Ltd., has reported his intention to transfer 16,60,000 shares out of his total holding of 1,82,78,205 shares of the Company to his sisters Mrs. Kazi Sultana Delwar (10,00,000 shares) and Mrs. Kazi Nasema Akter (6,60,000 shares) respectively, by way of gift outside the trading system of the Exchange within 31 October 2019 approved by DSE.
2019-08-20: Approval for reduction of share holding of its subsidiary Company
ALARABANK: With reference to their earlier news disseminated by CSE on 02.07.2018 regarding to reduce shareholding percentage of its subsidiary Company, Al-Arafah Islami Bank Limited has further informed that Bangladesh Bank has given approved for reduction of shareholding of its subsidiary Company Millennium Information Solution Ltd. from 51% to 10% within next three years (i.e. 31.07.2022).
2019-07-29: Cont-Un-audited HY A/Cs
ALARABANK: (Quarter 2) (cont) The Company also informed that the Net operating cash Flow Per Share (NOCFPS) significantly increased due to Investment and advances to customer (other than banks) in this Q2, 2019 is Tk. 968.62 crore against Tk. 2208.63 crore in the previous corresponding period. On the other hand, Deposit from customer (other than banks) in this Q2, 2019 is Tk. 2089.10 crore against Tk. 1199.19 crore in the previous corresponding period.(end)
2019-07-29: Un-audited HY A/Cs
ALARABANK: (Quarter 2) As per un-audited half yearly accounts of Al-Arafah Islami Bank Ltd., Consolidated EPS was Tk. 0.07 for April-June 2019 as against Tk. 0.03 for April-June 2018; Consolidated EPS was Tk. 0.51 for January-June 2019 as against Tk. 0.42 for January-June 2018. Consolidated NOCFPS was Tk. 11.00 for January-June 2019 as against Tk. (7.80) for January-June 2018. Consolidated NAV per share was Tk. 19.43 as on June 30, 2019 and Tk. 18.51 as on June 30, 2018. (cont)
2019-07-21: Board Meeting
ALARABANK: Al-Arafah Islami Bank Limited has informed that the Board Meeting of the Company will be held on July 28, 2019 at 2:35 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2019.
2019-07-08: Dividend Disbursement
ALARABANK: Al-Arafah Islami Bank Limited has informed that the Bonus Shares of the Company for the year ended on 31 December 2018 have already been credited through CDBL to the respective shareholders' BO A/Cs on 25 June 2019 and Cash Dividend disbursement has been completed on 04 July 2019 to the respective shareholders' Bank account through BEFTN system and in the form of dividend warrant (folio shareholders).
2019-06-30: Credit Rating
ALARABANK: Credit Rating Information and Services Limited (CRISL) has assigned the rating to Al-Arafah Islami Bank Limited as ''AA'' in the long term and ''ST-2'' in the short term along with a stable outlook in consideration of its audited financials up to December 31, 2018, unaudited financials up to March 31, 2019 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
2019-05-20: Ex-benefit Price Adjustments
ALARABANK: Please note that the price of the shares of ALARABANK is adjusted today following its ex-benefits date to the extent of its corporate benefits; hence the price limit on the scrip will remain as it is today. Therefore, adjusted price of ALARABANK =Tk.21.40.
2019-05-16: Record Date on 19.05.2019
ALARABANK: Trading of the shares of Al-Arafah Islami Bank Limited will remain suspended on its record date i.e., 19.05.2019. Trading of the shares of the Company will resume on 20.05.2019.
2019-05-14: Spot trade from tomorrow (15.05.2019)
ALARABANK: Trading of the shares of Al-Arafah Islami Bank Limited will be allowed only in the Spot Market from 15.05.2019 to 16.05.2019 as the record date of the Company is on 19.05.2019.
2019-05-13: Un-audited Financial Statement
ALARABANK: (Quarter 1) As per the un-audited financial statements of Al-Arafah Islami Bank Limited, Consolidated EPS was Tk. 0.45 for January-March 2019 as against Tk. 0.39 for January-March 2018. Consolidated NOCFPS was Tk. 3.61 for January-March 2019 as against Tk. (4.14) for January-March 2018. Consolidated NAV per share was Tk. 21.25 as on March 31, 2019 and Tk. 20.28 as on March 31, 2018.
2018-10-22: Un-audited Financial Statement
ALARABANK: (Quarter 3) As per the un-audited financial statements of Al-Arafah Islami Bank Limited, Consolidated EPS was Tk. 0.31 for July-September 2018 as against Tk. 0.60 for July-September 2017; Consolidated EPS was Tk. 0.74 for January-September 2018 as against Tk. 1.71 for January-September 2017. Consolidated NOCFPS was Tk. 0.05 for January-September 2018 as against Tk. 2.43 for January-September 2017. Consolidated NAV per share was Tk. 19.19 as on September 30, 2018 and Tk. 19.88 as on September 30, 2017.
2018-10-16: Board Meeting
ALARABANK: Al-Arafah Islami Bank Limited has informed that the Board Meeting of the Company will be held on October 21, 2018 at 2:35 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2018.
2018-10-03: New Managing Director
ALARABANK: Al-Arafah Islami Bank Limited has informed that Mr. Farman R Chowdhury has assumed the Office of the Managing Director of the Bank with effect from 1st October 2018.
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