AIBL Capital Market Services Limited
(A Subsidiary of Al-Arafah Islami Bank Ltd.)
Profile
Al-Arafah Islami Bank Limited has been playing a significant role in the Capital Market of Bangladesh from its foundation. The Bank has membership of the Dhaka Stock Exchange (#234) and the Chittagong Stock Exchange (#139). As a registered stockbroker and stock dealer, it started trading activities from 15th January 2009.
Through providing quality service to clients, the Company earned the confidence of clients within a short period of time, and consequently clinched its position in the Dhaka Stock Exchange’s “Most Active 20 Members” list.
The company has since expanded its trading activities to open more branches in Dhaka, Chittagong, Sylhet, Khulna, Barisal and Brahmanbaria.
Afterword, the bank established a subsidiary company named “AIBL Capital Market Services Limited” within an authorized capital of BDT 10 billion (1000 crore) and paid up capital BDT 4 billion (400 crore) to operate its brokerage activities separately in compliance with the regulations by Bangladesh Bank and Securities and Exchange Commission (SEC). The company was incorporated on 21st September 2010 and then took over the brokerage business from the Bank and has been continuing its trading activities from 11th May 2011.
The board of Directors of the company consists of reputed members who are well established in their respective fields of business and professions.
The Activities of the “AIBL Capital Market Services Ltd.” include:
- Trading of shares on the Dhaka Stock Market and Chittagong Stock Market.
- Providing margin facilities to clients .
- Full service depository participant of the Central Depository of Bangladesh Ltd.
- Operation of discretionary account, under Margin Rules, 1999.
- IPO Application Processing.
