Al-Arafah Islami Bank signs mou with sunlife insurance
Al-Arafah Islami Bank PLC, one of the country's leading Shariah-based banks, has signed a Memorandum of Understanding (MoU) with Sunlife Insurance Company Limited to enhance premium collection and strengthen digital financial services.
The agreement will support seamless premium collection, improved data security, real-time reporting, and efficient financial reconciliation across Sunlife's operational network. The partnership is expected to boost customer experience and operational efficiency through a more secure, technology-driven collection management system.
The MoU was signed on 25 November 2025 at the Bank's Head Office by Md Abdullah Al Mamun, Deputy Managing Director of Al-Arafah Islami Bank, and Md Rafique Ahmed, Chief Executive Officer of Sunlife Insurance.
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Senior Assistant Vice President Md Amdadul Haque, Bacchu Sheikh, Assistant Vice President Abu Kawser, Senior Principal Officer Nazmul Hossain, and senior officials from both organisations were present at the ceremony.
