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Amãna Bank awarded the Best Islamic Bank of the Year in South Asia at IFFSA Awards

9 November 2018 10:12 am - 0     - {{hitsCtrl.values.hits}}

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Amãna Bank’s Chief Financial Officer Ali Wahid receiving the award for Islamic Finance Entity from Dr Aishath Muneeza, Associate Professor, INCIEF & Chairperson, Maldives Centre for Islamic Finance (MCIF)

Amãna Bank was adjudicated with the Gold Award for Islamic Bank of the Year in the South Asian region at the recently concluded Islamic Finance Forum of South Asia (IFFSA) Awards held in Colombo. Winning the top prize under the Islamic Bank category, Amãna Bank overcame great competition from well-established and industry leading practitioners from Pakistan, Bangladesh,Maldives, India and other South Asian Countries. The Bank further went on to win the Bronze Award for Best Islamic Finance Entity and Bronze for Best Islamic Finance Product introduced in respect for its unique Apartment Financing facility.

Commenting on the accolades, the Bank’s Chief Executive Officer Mohamed Azmeer said “It is indeed a greathonour to have won this prestigious award and to be recognized as the Best Islamic Bank in the South Asia region amongst industry heavy weights.This award brings recognition not only toAmãna Bank but also to Sri Lanka as a potential hub for Islamic Finance in the region. I am grateful to all our employees, customers and stakeholders for supporting the growth of the Bank which enabled us to achieve such global recognition.

Amãna Bank is the country’s first and only 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 29 branches, 14 Self Banking Centres and 4000+ ATM access points and has introduced an array of customer conveniences such as Internet & Mobile Banking, Debit Card with SMS alerts, Online Account Opening, 365 Day Banking, Saturday Banking, Extended Banking Hours, 24x7 Cash Deposit Machines and Banking Units Exclusively for Ladies.

Amãna Bank PLC is a stand-alone institution licensed by the Central Bank of Sri Lanka and listed on the Colombo Stock Exchange with Jeddah based IDB Group being the principal shareholder having a 29.97% stake of the Bank. The IDB Group is a ‘AAA’ rated multilateral development financial institution with an authorized capital base of over USD 150 Billion which has a membership of 57 countries. Fitch Ratings, in June 2018, affirmed Amãna Bank’s National Long Term Rating of BB(lka) while upgrading its outlook to Positive from Stable. Amãna Bank does not have any subsidiaries, associates or affiliated institutions representing the Bank.

Amãna Bank’s Head of Deposit Mobilization Arshad Jamaldeen receiving the award for Islamic Finance Product from MafazIshaq – Director of Calamander Capital Singapore

Amãna Bank’s Vice President – Operations Imtiaz Iqbal receiving the Gold Award for Islamic Bank of the Year from Dr Aishath Muneeza, Associate Professor, INCIEF & Chairperson, Maldives Centre for Islamic Finance (MCIF)

 

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