Amana Bank’s Siddeeque appointed as AAFI President

Amana Bank announced the appointment of its Vice President Retail Banking and Marketing Siddeeque Akbar as President of the Association of Alternative Financial Institutions (AAFI), testifying Siddeeque’s leadership and expertise within the non-interest based Islamic banking domain. 

This appointment was made during the association’s recent Annual General Meeting.

Established in 2015, the AAFI is represented by all major banks and financial institutions in the industry. With an objective to advance the non-interest-based participatory banking and finance industry, the AAFI is committed towards ensuring all Sri Lankans and the nation as a whole reap the benefits of this distinctive and unique banking and finance model through proactive engagement.

Commenting on his appointment Akbar said, “I am honoured to have this opportunity to serve as President of the AAFI. This association exemplifies the united commitment of our alternative banking community in promoting cooperation and propelling the growth of this unique model of banking and finance. I look forward to working with the esteemed committee and the industry to address industry challenges, promote knowledge sharing and most of all, facilitate all Sri Lankans, irrespective of their faith, towards enjoying the benefits of non-interest-based banking. I am thankful to Amana Bank for providing the platform to build my knowledge, expertise and exposure in this industry “

Apart from Siddeeque Akbar as President, the AAFI Executive Council includes Suresh Perera (KPMG) as Vice President, Rifka Ziyard (KPMG) as Secretary and Bahar Nayan (NDB) as Treasurer. Other members of the council include Hisham Ally (HNB) as Assistant Treasurer and Ilsam Awfer (LOFC) as Assistant Secretary. The founder President of the association was the late Ravi Abeysuriya.