DHAKA, Oct 4, 2024 (BSS) - Al-Arafah Islami Bank PLC today signed a
Memorandum of Understanding (MoU) with Housing and Building Research
Institute (HBRI) for sustainable and eco-friendly housing development.

Director General of HBRI Md Ashraful Alam was present as the chief guest at
the event, said a press release.

Deputy Managing Director of the Bank Md Fazlur Rahman Chowdhury and Principal
Research Engineer of HBRI Mohammad Parvez Khadem signed the MoU on behalf of
their respective organizations.

Head of Retail Banking Division of the Bank Mohammad Rafiqul Islam, Head of
Products & Propositions Saif Imam Bokhari, Gazi Mosthafizur Rahman and HBRI
Project Officer Ahsan Habib, Senior Research Architect Monjur Parvez and
other Senior Officials from both organizations were present in the ceremony.

As part of this agreement, AIBPLC clients will have access to HBRI's
specialized sustainability compliance certificates for Climate Resilient
Housing, Affordable Green Housing, and Green Building Features, facilitating
the development of eco-friendly retail products, projects, and initiatives.

This exclusive partnership emphasizes AIBPLC's dedication to advancing
sustainable and eco-friendly housing solutions for its clients.

Representatives of both organizations expressed their enthusiasm about the
partnership, stating this exclusive strategic partnership is set to open new
avenues for AIBPLC's retail home investment clients, offering them the
opportunity to develop energy-efficient, environmentally friendly housing
solutions at attractive and affordable profit rates.