Sarafat started his career in 1999 at
Standard Chartered Bank. He was appointed a director of
IFIC Bank and left Standard Chartered Bank after questions were raised about his connections to two banks simultaneously. In 2008, Sarafat joined ICB Islamic Bank as the Head of Consumer Banking. On 15 December 2016, Sarafat received his Doctorate in Business Administration from Commonwealth University-London. In January 2018, Sarafat was appointed chairman of
Farmers Bank Limited, later renamed to Padma Bank, after its chairman
Muhiuddin Khan Alamgir resigned over allegations of embezzling from the bank. He is the Head of Consumer Banking of
ICB Islamic Bank Limited. Sarafat is the founding chairman of Canadian University of Bangladesh. The university awards Sarafat Chowdhury Merit Scholarship. In October 2021, Benoit Prefontaine, Canadian High Commissioner to Bangladesh, laid the foundation stone for the permanent campus of Canadian University of Bangladesh in Purbachal in a ceremony presided by Sarafat. In 2022, Sarafat became a director of the
National Tea Company Limited. He founded two news organizations,
Dainik Bangla and
newsbangla24.com. Another issue manager, the government owned ICB Capital Management, denied any involvement with the company. He is a director of Unique Hotel and Resorts Limited, which owns
Westin Dhaka. He and his wife are directors of Race Financial Management Inc. and Can-Ban Chambers House, based in Canada. He is a major shareholder of RACE Asset Management. He is the Managing Director of Unique Meghnaghat Power Limited, a subsidiary of
Unique group. == Legal affairs ==