Amana Bank is honoured to announce its remarkable achievements at the recently concluded IFFSA Awards 2024, which recognised the best non-interest based Islamic banking and financial institutions across South Asia. The Bank secured four prestigious accolades, including the pinnacle award for Islamic Finance Entity of Year (Gold) and Islamic Bank of the Year (Gold), testifying Amana Bank leadership status for not only in Sri Lanka but for the South Asian region in the Islamic finance industry. In addition to the above, Amana Bank was also bestowed the Gold Award for Spirt of Islamic Finance and in recognition of the Bank’s sustainability efforts, it walked away with the inaugural ESG Award.
The IFFSA Awards, held annually, celebrate excellence and innovation in South Asian Islamic banking and finance sector with entries submitted from leading practitioners in Pakistan, Bangladesh, Maldives, India and other South Asian countries.
Commenting on this success, Managing Director/ CEO of Amana Bank Mohamed Azmeer stated: “These awards are a testament to our commitment towards driving the economic growth of our country while also demonstrating our dedication to sustainability. At Amana Bank, we strive to offer financial solutions that not only meets our customers’ needs, but also align with our core values of inclusivity, ethical banking and social responsibility. We are deeply grateful to our customers, employees and stakeholders for their continued support and trust in our vision.”
The awards ceremony was held alongside the 9th Islamic Finance Forum South Asia (IFFSA) at Shangri-La, Colombo. The forum brought together delegates and speakers from across the region, including Pakistan, Malaysia, Maldives, Bangladesh, and South Africa. Mohamed Azmeer represented Amana Bank and Sri Lanka at the event, participating as a panellist to share insights into the evolving landscape of Islamic finance and its potential to foster sustainable development.
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 IsDB Group being the principal shareholder of the Bank. The IsDB Group is a ‘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 continued to be recognized amongst the Top 50 Strongest Islamic Bank’s in the World by The Asian Banker. Fitch Ratings has conferred upon Amana Bank an investment-grade rating of BBB-(lka) with a stable outlook, paving the way for multiple opportunities to drive the bank’s growth and expansion.
Amãna Bank does not have any subsidiaries, associates, or affiliated institutions apart from its engagement with OrphanCare as its Founding Sponsor.
