Al-Arafah Islami Bank PLC has recently completed a significant evaluation process, undertaken in line with recommendations from both internal and external audits and guidance from regulatory bodies.
Following the identification of recruitment-related irregularities since 2021, the Bank committed to good governance initiated a comprehensive verification and merit-based evaluation process to ensure transparency, fairness, and accountability in its recruitment system.
A total of 1,414 officers participated in the evaluation, which was conducted by the Institute of Business Administration (IBA), University of Dhaka.
The evaluation followed an impartial and credible standard, serving as a lawful and widely accepted method of assessing merit, particularly in light of audit findings that had identified the earlier recruitment process as recommendation-based, non-transparent, and non-compliant with governance principles.
