"We received a message that our page violated Facebook's regulations," Munir al-Jaghub, a media officer with Fatah and one of the page's administrators, told AFP.
The accounts of the 12 administrators of the page, which according to Jaghub had 70,000 followers, were also suspended for 30 days.
A photo of Arafat holding a rifle that belonged to an Israeli soldier abducted in the 1980s by Palestinians in Beirut that had featured on the page was attached to the message from Facebook.
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Standing next to Arafat is Mahmud al-Alul, recently elected Fatah deputy chairman.
Israel regularly accuses Palestinians, including the Fatah-led Palestinian leadership, of inciting violence on social networks.
Israeli ministers have met with Facebook officials to stop what it calls online incitement, and have advanced a bill that would allow a court to order companies such as Facebook to remove material considered "incitement".
Pro-Palestinian activists accuse the internet giant of censorship and bias. In September, Facebook apologised after temporarily disabling accounts linked to two Palestinian news sites critical of Israel.