Amãna Bank, Sri Lanka’s first and only licensed commercial bank operating according to the doctrines of Islamic banking, has triumphed once again at the world renowned Islamic Finance News (IFN) Awards Ceremony by claiming the coveted ‘Best Islamic Bank in Sri Lanka’ accolade. The IFN Awards which are based on a global poll conducted in 2014 by the Malaysia-based RedMoney Group recognizes the best providers of Islamic financial services across the global markets which also include World's Best Islamic Bank, the Best Islamic Bank by Country, the Best Central Bank and the Best Islamic Banking Deals for the Year.
The accolade was presented to the Bank’s Chief Executive Officer, Mohamed Azmeer, at an awards ceremony held at the Shangri-la Hotel in Kuala Lumpur recently.
Commenting on receiving the Bank’s fourth IFN accolade, Mohamed Azmeer said “To be globally recognised as the country’s best Islamic financial services provider for four consecutive years is a great achievement for the Bank for which we are extremely happy. Over the last few years Amãna Bank has been successful in establishing a strong foothold in the Islamic banking and finance industry in Sri Lanka, which is reflected by the significant growth we have achieved in our asset and liability portfolios. As this award is based on a global-poll, it demonstrates the confidence people have in us from across the world. I would like to sincerely thank all our customers, shareholders and employees for supporting and contributing to the growth and success of the Bank which has enabled us to achieve this streak of wins”
The IFN Polls takes an unbiased and all-encompassing approach in selecting the best banks in the world. Since its establishment in 2005, it continues to be the appropriate representation of the current Islamic financial market landscape and is the industry’s most comprehensive annual poll. Islamic finance issuers, investors, non-banking financial intermediaries and government bodies from around the world are invited to participate by casting their votes.
Amãna Bank is listed on the Colombo Stock Exchange and was recently recognized as the World’s Best ‘Up-and-Comer’ Islamic Bank by ‘Global Finance Magazine’ at the 18th Annual World’s Best Banks’ Award Ceremony 2014 held in Washington DC, USA. Powered by the stability and the support of its strategic shareholders including, Bank Islam Malaysia Berhad, AB Bank in Bangladesh and Islamic Development Bank based in Saudi Arabia, Amãna Bank is making strong inroads within the Sri Lankan banking industry and is focused on capitalizing the growing market potential for its unique banking model across the country.
Amãna Bank CEO Mohamed Azmeer receiving the Award from RedMoney Group Managing Director Mr Andrew Morgan.