Al-Arafah Islami Bank regularises 864 officers

Al-Arafah Islami Bank PLC completed a comprehensive merit-based evaluation process.

This was done in line with recommendations from internal and external audits. The evaluation took place under the guidance of regulatory authorities to address recruitment-related irregularities that had been identified since 2021.

To promote good governance and enhance transparency, the Bank initiated a thorough verification and evaluation of officers recruited during the affected period. A total of 1,414 officers participated. The Institute of Business Administration (IBA), University of Dhaka, conducted the process to ensure impartiality and credibility.

As a result, 864 officers met the criteria and have been regularised. They continue to serve the Bank with professionalism and dedication.

Conversely, 547 officers did not meet the required benchmark. Their separation from service was in accordance with all relevant laws, internal HR policies, and the Bangladesh Labour Law. Al-Arafah Islami Bank acknowledged their contributions by issuing experience certificates, release letters, and all necessary documents. Financial dues and entitlements were settled in full as required by legal provisions.

The Bank has expressed concern about some former officers and external interests attempting to disrupt this lawful and transparent HR reform initiative. A recent incident involved the forced closure of the bank's head office. This closure obstructed normal operations and caused undue stress to current staff.

In response, the Bank reaffirmed its commitment to discipline, governance, and lawful conduct. The Bank stated, "Misuse of a legitimate internal reform process to spread misinformation and create institutional instability is deeply regrettable." The Bank added that external interference in banking operations is contrary to the national interest.

Now in its 30th year, Al-Arafah Islami Bank upholds accountability, transparency, and human dignity. The Bank remains committed to a fair, merit-based workplace that aligns with national priorities and regulatory expectations.

The Bank urges all media to report this development objectively and responsibly, reinforcing transparency in banking and supporting the country's financial stability.