Al-Arafah Islami Bank signs MoU with Sunlife Insurance for digital premium services

Al-Arafah Islami Bank PLC has signed a memorandum of understanding (MoU) with Sunlife Insurance Company Limited, enabling seamless premium collection, enhanced data security, real-time reporting, and efficient financial reconciliation across Sunlife's operational network.

This partnership sets a new benchmark in digital financial services by improving customer experience and operational efficiency.

Md Abdullah Al Mamun, deputy managing director of Al-Arafah Islami Bank PLC, and Md Rafique Ahmed, chief executive officer of Sunlife Insurance Company Limited, signed the MoU at the bank's head office in Dhaka on Tuesday, according to a press release.

The collaboration will ensure a more secure and effective collection management system for corporate clients through innovative banking technology.

Md Amdadul Haque and Bacchu Sheikh, senior assistant vice-presidents of the bank; Abu Kawser, assistant vice-president; and Nazmul Hossain, senior principal officer; along with other senior officials from both institutions were also present at the signing ceremony.