AL-ARAFAH ISLAMI BANK SIGNS AGREEMENT WITH ACI GODREJ AGROVET

Al Arafah Islami Bank, a leading Sharia-compliant bank, has signed a Memorandum of Understanding (MoU) with ACI Godrej Agrovet Private Limited. Under the agreement, ACI Godrej will collect sales prices from its distributors through the bank's branches, sub-branches and other distribution channels, connected through an Application Programming Interface (API). Deputy Managing Director of the bank Md. Abdullah Al Mamun, and Chief Financial Officer of ACI Godrej Md. Mohiuddin signed the agreement at the bank's Head Office in Dhaka on Sunday. The bank's Deputy Managing Director Mohammed Hossain, Vice President Md. Zahid Hossain, Senior Assistant Vice President Md. Emdadul Haque, Assistant Vice President Abu Kawsar and senior officials of both organisations were also present.