Al-Arafah Islami Bank, Provati Insurance sign deal to digitise premium payments in Bangladesh
Bangladesh’s Al-Arafah Islami Bank PLC has signed a memorandum of understanding with Provati Insurance PLC to support digital premium collection and related reporting, the companies said in a press release. The move matters because insurers rely on steady premium inflows, and the partners are pitching a system designed to make collections more secure and easier to track.