Islamic Wallet 4+‎

Islamic Wallet is the Shariah based Mobile Financial Services of Al-Arafah Islami Bank Limited. Islamic Wallet comply with the most rigorous security, compliance standards and all regulatory requirements. This wallet is also regulated by the Shariah Board to comply the Islamic rules.

Islamic Wallet promises to provide the most innovative services that can be provided in Mobile Financial Services industry of Bangladesh. It is fast, secure and affordable way to send & receive money from anywhere at any time. In addition to ‘send and receive money’, it provides a total eco-system where people can derive the best use of money. This wallet will be considered as new and innovative payment system to cater all kinds of banking needs for ensuring the maximum convenience of customers specially those who do not have access to banking services


Services offered by Islamic Wallet

- Cash In, Cash Out, Person to Person (P2P)
- Fund Transfer from Card and Bank Account.
- QR enable Person-to-Business payments (P2B) such as utility bill payment, airtime top-up, insurance premiums, loan instalments, merchant payments etc.
- Business-to-Person payments (B2P) such as payroll, commission disbursement, etc.
- Government-to-Person (G2P) payments such as subsidies, freedom fighter allowances, social welfare payments, endowments, etc.
- Ticketing Service
- Tuition Fees Payment
- Person-to-Government (P2G) payments such as government duties, taxes, fees, etc.


Shariah Compliant Services

- Daily activities must be accomplished under the Bank’s Shariah Guideline.
- A hi-level Shariah Supervisory Council scrutinize the daily affairs on regularly.
- Prohibition of Interest or Usury. Most importantly, the charging and the receiving of interest is strictly forbidden.
- Ethical Standards. When Customers hold their money in wallet, it is our religious duty to make sure that what they utilize in is good and bad wholesome.
- It goes with Moral and Social Values.


Islamic Wallet Shares Profit with its Customer

Islamic Wallet offers profits on customers’ Wallet Balances which complies with the Islami Shariah rules.


Customers Money is Safe with Islamic Wallet

Customers’ money is safe and secure with Islamic Wallet. To secure the customers money, the fund will be maintained only in Shariah Compliant Islamic sectors.