ATL bags bronze for ‘The Islamic Finance Entity of the Year’ at SLIBFI Awards

27 May 2015 07:32 am - 0 - {{hitsCtrl.values.hits}}

A A A

ATL (Amãna Takaful) continued to be featured on the podium at the recently concluded Sri Lanka Islamic Banking and Finance Industry (SLIBFI) awards ceremony. ATL was awarded the bronze award for the ‘Islamic Finance Entity of the Year’ at the ceremonious gala event which was held at the Galadari Colombo. ATL the only fully-fledged Takaful operator in the country also bagged the bronze award in the ‘Product of the Year’ category, for its innovative health insurance cover, ‘Suwa Siri’. The Chief Guest at the event was Hon. Rishad Bathiudeen, Minister of Industries and Commerce. The event was also attended by dignitaries from the Islamic insurance and banking industry as well as scholars, an eminent panel of judges and members of the media.

The Annual SLIBFI Awards show was held for the fourth consecutive year and was introduced to recognize and honour individuals and institutions for their contribution and performance in the Sri Lankan Islamic Banking and Finance industry. The SLIBFI Awards highlight excellence in the industry and give special recognition to institutions that have demonstrated an outstanding performance, innovation, use of technology and a significant contribution to society. The awards ceremony was held as part of a gala evening which celebrated the gathering of the SLIBFI fraternity. Accolades were awarded in multiple categories which were keenly contested. The nominees were selected after a thorough auditing process conducted by KPMG auditors, who partnered as the official adjudicator of the event.

Commenting on these prestigious accolades, Fazal Ghaffoor, CEO, ATL stated, “While congratulating all the winners, I would like to thank the SLIBFI committee for rewarding us for the third consecutive year with a bronze award for the ‘Islamic Finance Entity of the Year’ in Sri Lanka. Though we were not able to win gold like we did in previous years, we are confident that we will continue to deliver exceptional results and reach new levels of success in the future. This year we also won bronze for ‘Product of the Year’ for ‘Suwa Siri’ which is arguably one of the best health covers available in the market. ATL has been in operation for the past 15 years and is recognized as the pioneer and only fully-fledged Takaful operator in the country.

These accolades are a true testament to the stability, growth and acceptance of the Takaful way of risk management that we bring to the financial services industry in the country.” ATL has been successful in its journey of 15 years in establishing a strong position for the concept of Takaful amidst stiff competition from other conventional industry players.

‘Suwa Siri’ is a health insurance policy designed to give all Sri Lankans peace of mind throughout periods of poor health. This health insurance policy protects individuals and their loved ones in the event of unexpected illnesses and medical emergencies. ‘Suwa Siri’ is also designed to ease the financial burden that policyholders experience during times of crisis. The insurance policy covers doctors’ consultations, hospitalization, surgery, medical treatment, medicines, as well as any medical investigations that are required to determine treatments for ailments. The policy provides benefits such as a cover for ward charges in private hospitals, theatre charges, surgeons’ fees, anaesthetists’ fees, as well as specialist charges. Additionally, ‘Suwa Siri’ covers examinations fees, x-rays, scans and MRIs.

ATL was also adjudged as the ‘Best Islamic Financial Services Provider in Sri Lanka’ in 2012 by the UK’s International Finance Magazine. The company was also rated one notch higher to BBB by Lanka Rating Agency for its Claims Paying Ability. Last year ATL was awarded the prestigious gold award in the ‘Islamic Finance Entity of the Year’ category at the SLIBFI Awards and was also recognized for its unique hospitalization cover ‘KruthaGuna’ which won the ‘Product of the Year’ award. ATL is an ISO certified insurer and operates in three key strategic business units specializing in Life, General and Medical categories. The company operates in 27 locations in the country and intends to keep expanding.

The current Board of Amana Takaful PLC includes Tyeab Akbarally (Chairman), Ehsan Zaheed (Executive Director), Non-Executive Directors- Osman Kassim, Dr.A.A.M. Haroon, Dr.Ifthikar Ismail and Non-Executive Independent Directors M. H. M. Rafiq, Dato’ Fadzli Yusof, A.S.M. Muzzamil, and, R. Gopinath.

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Comments - 0

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

ATL bags bronze for ‘The Islamic Finance Entity of the Year’ at SLIBFI Awards

Comments - 0

Add comment

RECOMMENDED

‘Spike in blast fishing’ poses renewed threats to Sri Lanka’s marine ecosystems

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Most Viewed in News

Complaint lodged over Piumi Hansamali's possession of Gota’s Range Rover

New Visa procedure implemented

A US “Kaputa”, a Lankan “Nariya” and a Presidential “Feast”

Former MP Palitha Thewarapperuma dies from electrocution

Ranil Wickremesinghe caravan moves on despite barking dogs

SL on alert on possible genocide allegations by Canada

MIRROR CRICKET

Athapaththu back atop ICC Women’s ODI Batting Rankings

Chamari Athapaththu sets big goal for T20 World Cup

How does CSK get best out of Pathirana?

Mendis, Mathews move up in ICC Test Rankings

TODAY'S HEADLINES

United States and SL Navy collaborate in CARAT 2024 exercise in Trincomalee

Upcountry estate workers stage a token strike

People have already selected Ranil for Presidency: Prasanna

Construction work for India-funded 10,000 housing units commenced

Sri Lanka secures third spot in South Asian Kurash Championship 2024

Athapaththu back atop ICC Women’s ODI Batting Rankings

Army forms committee to probe Diyatalawa Fox Hill Supercross accident

Indian cricket manager indicted for Legend Cricket League match-fixing allegations