Amana Bank is a licensed commercial bank in Sri Lanka practising Islamic finance

Amãna Bank wins IFN’s Best Bank accolade for 6th year

Amãna Bank was adjudged IFN’s Best Islamic Bank in Sri Lanka for the 6th consecutive year, based on a global poll conducted in 2016 by the Malaysia-based RedMoney Group. The IFN Awards poll recognizes the best providers of Islamic financial services across the global markets which also include the World's Best Islamic Bank, the Best Islamic Bank by Country, the Best Central Bank and the Best Islamic Banking Deals for the Year.

The IFN Polls takes an unbiased and all-encompassing approach in selecting the best banks in the world. Since its establishment in 2005, it continues to be the appropriate representation of the current Islamic financial market landscape and is the industry’s most comprehensive annual poll. Islamic finance issuers, investors, non-banking financial intermediaries and government bodies from around the world are invited to participate by casting their votes.

Amãna Bank’s Chairman Osman Kassim, who was in Kuala Lumpur recently to participate at the IFN Asian Forum as panelist to discuss on the opportunities for Islamic Finance and Investments in Sri Lanka, collected the award from RedMoney Group Managing Director & Publisher Andrew Morgan. Sharing his views Kassim said “We are honored to have been bestowed the title of Best Islamic Bank in Sri Lanka, which testifies our market leadership as well as the impact we have had on growing the non-interest based banking model in the country. I am truly grateful to the CEO and staff of Amãna Bank for their commitment, passion and leadership in taking the Bank forward as we continue our inclusive expansion strategy reaching out to all Sri Lankans, in line with the our 5 year Strategic Plan” Amãna Bank is the country’s first 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 28 branches and 3800+ ATM access points and has introduced a bouquet of customer conveniences such as Internet & Mobile Banking, Debit Card with SMS alerts, Saturday Banking, Extended Banking Hours, 24x7 Cash Deposit Machines and Banking Units Exclusively for Ladies.

Fitch Ratings, in October 2016, affirmed the Bank’s National Long Term Rating of BB(lka) with a Stable Outlook. The Bank was recognized as the Best ‘Up-and-Comer’ Islamic Bank of the World by ‘Global Finance Magazine’ at the 18th Annual World’s Best Banks Award Ceremony held in Washington DC, USA. The Bank was also bestowed the coveted title ‘Islamic Finance Entity of the Year 2016’ at the inaugural Islamic Finance Forum of South Asia Awards Ceremony.

Powered by the stability and support of its strategic shareholders including, Bank Islam Malaysia Berhad, AB Bank in Bangladesh and The Islamic Development Bank based in Saudi Arabia, Amãna Bank is making strong inroads within the Sri Lankan banking industry and is focused on capitalizing the growing market potential for its unique banking model across the country.

Amãna Bank Chairman Osman Kassim collecting the accolade from RedMoney Group MD/Publisher Andrew Morgan.

12th of July 2017

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