Amãna Bank has strengthened its market leadership position as the Best Islamic Banking and Finance Institution in Sri Lanka when it was recently bestowed with two separate international accolades by The Banker and Global Finance magazines respectively in their coveted award rankings dedicated for Islamic Banking and Finance.
This is the 4thconsecutive year Amãna Bank has been recognized by Global Finance as the Best Islamic Finance Institution in Sri Lanka, while The Banker Magazine award for Best Islamic Bank in Sri Lanka, is the Bank’s second, having won it for the first time in 2016.
Both awarding institutions carry out an independent process of picking the winnerswhich is through a rigorous process of extensive consultations with bankers, corporate finance executives and analysts throughout the world. By winning these accolades Amãna Bank has been ranked alongside other country winners who have pioneered the non-interest banking model in their respective countries such as MayBank (Malaysia & Singapore), Qatar Islamic Bank (Qatar), Al Rajhi Bank (Saudi Arabia), Meezan Bank (Pakistan), Abu Dhabi Islamic Bank (UAE) and Al Baraka Bank (South Africa)
According to the award announcements, the adjudicators of The Banker Awards were impressed by the bank’s ability to innovate its product and services and in turn advance the market for sharia-compliant finance in Sri Lanka, while the Global Finance Award judges were impressed of the bank’s growth in assets, deposit and advances in 2016 as well as the bank’s dominant franchise in the Islamic banking sector.
Commenting on receiving the two awards, the bank’s Chief Executive Officer Mohamed Azmeer said, “We are extremely happy to have been recognized by these two prestigious international awarding bodiesthathave become trusted standards of excellence. These awards reflect our commitment to showcase both Islamic Finance and its immense potential for growth in Sri Lanka, while also placing Sri Lanka in the international map.”
Amãna Bank is the country’s first licensed commercial bank to operate in complete harmony with the globally growing non-interest based banking model. With the mission of enabling growth and enriching lives, the bank reaches out to its customers through a growing network of 28 branches and 3800+ ATM access points and has introduced a bouquet of customer conveniences such as internet and mobile banking, debit card with SMS alerts, Saturday banking, extended banking hours, 24x7 cash deposit machines and banking units exclusively for women.