Al-Arafah islami bank holds training workshop
A day-long training workshop on the recovery of defaulted investments through the application of the Artho Rin Adalat Ain, 2003, the Negotiable Instruments Act, 1881, and other relevant legal frameworks was recently held at a hotel in Dhaka.
Managing Director (Current Charge) of Al-Arafah Islami Bank PLC, Mohd Rafat Ullah Khan, inaugurated the workshop as the chief guest. Deputy Managing Director Md Asaduzzaman Bhuiyan was present as the special guest.
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In his remarks, Mohd Rafat Ullah Khan expressed concern over the rising volume of defaulted investments in the banking sector. He emphasised the need for prompt and lawful recovery measures and urged bank officials to apply both legal instruments and strategic approaches to protect the bank's asset quality.
"This workshop aims to enhance the capabilities of our officials and equip them with the legal and procedural tools necessary to recover defaulted investments effectively," he said. He also stressed the importance of striking a balance between recovery efforts and deposit growth to ensure long-term financial stability.
The session was presided over by Md Abdur Rahim Duary, Principal of the Al-Arafah Islami Bank Training Institute (AIBTI). Senior Executive Vice President Md Sharif Chowdhury, Dhaka South Zonal Head Md Monzurul Alam, and Dhaka North Zonal Head Md Mujibur Rahman were also present.
Participants included managers, operations managers, investment in-charges, and investment officers from 10 corporate branches and multiple branches under the Dhaka South and North zones.
The training aimed to familiarise officials with the legal procedures and best practices for initiating and executing recovery actions in compliance with existing financial laws. It also sought to empower frontline banking professionals with the tools and knowledge necessary to reduce default rates and improve the bank's overall investment portfolio health.
Al-Arafah Islami Bank continues to invest in capacity building and legal literacy among its officials as part of its broader commitment to operational excellence and sustainable banking.
