Amana Bank recognised as South Asia’s Bank of the Decade at IFFSA Awards

Amana Bank Chief Operating Officer Imtiaz Iqbal receives Bank of Decade accolade from Maldives Monetary Authority Deputy Governor Aishath Asna Hamdhi

Amana Bank was recently honoured with the prestigious title of Bank of the Decade at the 10th Islamic Finance Forum of South Asia (IFFSA) Awards held in Colombo, reaffirming its position as the pioneer and leader in the region’s non-interest-based Islamic banking and finance industry.

Recognising outstanding institutions from Sri Lanka, Pakistan, the Maldives, Bangladesh and India, the IFFSA Awards has become a premier platform celebrating excellence and innovation within South Asia’s Islamic finance landscape. 

The accolade for Bank of the Decade stands as a testament to Amana Bank’s consistent growth, resilience and commitment to advancing people friendly and development-focussed banking model over the past decade.

Adding to its achievements, the bank also received the prestigious Social Upliftment Project of the Decade award for its flagship CSR initiative OrphanCare. 

The project, founded on the principle of preventing a ‘second abandonment’ when orphans leave institutional care at the age of 18, ensures that every enrolled child receives financial assistance and continued support for a secure transition into adult life. 

In recognition of its continued efforts in promoting financial literacy and inclusion, Amana Bank was also awarded the Social Upliftment Project of the Year 2024 for its knowledge marketing and financial literacy programmes. These initiatives were designed to empower individuals and communities with essential financial management skills, particularly focusing on underbanked segments, entrepreneurs, women and youth, thereby contributing to long-term socio-economic empowerment.

The bank’s in-house Sharia Advisor Ash-Sheik Nazhan Naurooz was also recognised with the newly introduced Best Sharia Scholar Award 2025, highlighting his invaluable contribution to maintaining Sharia compliance and fostering awareness on Islamic finance principles across the industry.

Further underscoring its responsible banking practices, Amana Bank once again secured the Gold award for ESG (Environmental, Social and Governance) excellence, reaffirming its commitment to sustainability, ethical governance and community well-being.

Amana Bank Managing Director/CEO Mohamed Azmeer stated, “Being recognised as the Bank of the Decade is not just an honour but also a validation of our unwavering commitment to deliver financial services that are both people friendly and development focussed.”