Bangladesh, July 13 -- Al-Arafah Islami Bank PLC has unveiled four new shariah-compliant CMSME products to expand modern, accessible, and customer-centric investment services while strengthening the financial capacity of cottage, micro, small, and medium enterprises (CMSMEs).
The products are Nisa, Tijara, Al-Awana, and Al-Tawfiq, according to a press release.
Among the newly launched products, Nisa and Tijara offer collateral-free shariah-compliant investment facilities, while Al-Awana and Al-Tawfiq provide investment facilities against collateral.
The new products are designed to address the financing needs of entrepreneurs, enabling business expansion, increased production, and employment generation.
Published by HT Digital Content S...