Amana Bank announces highest ever dividend of Rs.1.30 per share

Amana Bank PLC yesterday announced the declaration of its eighth consecutive annual dividend, reaffirming its commitment to rewarding the shareholders. 

The bank declared an interim cash dividend of Rs.1.30 per share, marking its highest-ever dividend payout amounting to Rs.716.5 million. Since commencing annual dividends in 2018, Amana Bank’s cumulative dividend declarations will have exceeded Rs.2.8 billion. 

This year’s declaration reflects a dividend yield of 5 percent.

“Following record profits in 2024 and a strong first half in 2025, we remain focused on enhancing returns while driving continued growth,” said Amana Bank Chairman Asgi Akbarally. 

Also sharing his views on the dividend announcement, Amana Bank Managing Director/CEO Mohamed Azmeer noted the dividend is also a reflection of the confidence and trust placed in the bank by the shareholders. 

“As we continue, we aim to further strengthen shareholder value while advancing our mission of enabling growth and enriching lives through our people-friendly and development focussed approach to banking.” 

During the first half of 2025, Amana Bank recorded a profit after tax (PAT) Rs.901.3 million reflecting an 18 percent year-on-year growth, while in the second quarter alone PAT grew by an impressive 37 percent to Rs.467.2 million. 

Adding to these achievements, the bank was recently recognised as the Best Bank in Sri Lanka and Best Performance on Asset Quality at the keenly contested Emerging Asia Banking Awards held in New Delhi, India, organised by the Indian Chamber of Commerce and adjudicated by PwC, reflecting the bank’s consistent performance and sustained growth over the past three years.

As communicated to the Colombo Stock Exchange (CSE) on the dividend declaration, the XD date has been set for September 30, while the record date will be October 01.

Amãna Bank PLC is a stand-alone institution licensed by the Central Bank of Sri Lanka and listed on the CSE, with Jeddah-based IsDB Group being the principal shareholder of the bank. The IsDB group is an ‘AAA’-rated multilateral development financial institution, with a membership of 57 countries. Testifying its position as a leading practitioner of the non-interest-based banking model, Amãna Banks was recognised amongst the Top 25 Strongest Islamic Bank’s in the World by The Asian Banker. 

Amãna Bank does not have any subsidiaries, associates or affiliated institutions apart from its engagement with OrphanCare as its Founding Sponsor.