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

Amãna Bank partners with Imperial College of Business Studies to provide affordable Education Financing

Amãna Bank, Sri Lanka’s premier non-interest based licensed commercial bank has tied up with Imperial College of Business Studies (ICBS) to offer affordable Education Finance facilities for students undergoing undergraduate and post graduate degree programs offered by the institute. ICBS, a forerunner in tertiary education in Sri Lanka, is affiliated with the University of West Scotland (UWS) to offer BA Honours Degree in International Business & Finance and Master of Business Administration - MBA (International Business). Together with Amãna Bank, aspiring students and young working individuals could undertake this internationally recognised degree program in an easy and affordable way.

As the Degree program offered also comprehensively covers both the CIMA and ACCA curriculums, it allows students to gain 11 examination exemptions from CIMA and 9 examination exemptions from ACCA at the end of the 2nd year of the Degree.

Commenting on the partnership, Amãna Bank’s VP - Retail Banking & Marketing Siddeeque Akbar said “We are honoured to have partnered with Imperial College of Business Studies, to offer our education finance schemes for the institute’s well known degree programs. We believe that a sound education is the key to a world of endless possibilities and Amãna Bank is ready to help students reach such potential with our Education Finance facility which makes education affordable.”

Also commenting on the partnership, Director Operations of ICBS Sivabaskaran said “The MOU signed with Amãna Bank, for educational Finance facilities for the undergraduate and postgraduate programmes offered by ICBS in affiliation with UWS, will definitely help many students, who are genuinely seeking to learn but unfortunately not privileged to afford due to different financial difficulties. Amãna Bank’s non-interest based facility scheme is a convenient and simple way to obtain Finance.”

Amãna Bank’s Education Finance facility is available for diplomas, degrees and postgraduate programmes offered by recognized universities and institutions accepted by the Bank. This facility is also provided for professional qualifications such as CIMA, ICASL, ACCA, CIM, CFA, CMA, ABE and Banking. Financing will be provided to cover tuition fee, registration fee and examination fee from a minimum of Rs.50,000/- to a maximum of Rs.5,000,000/-. Through this facility students can benefit from competitive and flexible instalment plans. The product also facilitates students who are yet to be employed to apply jointly with their parents. Further details of the product can be obtained by calling the Bank’s hotline 0117 756756 or visiting any of its 25 branches located island wide.

Imperial College of Business Studies (ICBS) is one of Sri Lanka’s first institutes to be accredited by CIMA (UK) as a ‘Learning Partner Institute’ and also offers ACCA study programs. Based in both Colombo and Kandy, ICBS has a dedicated team of lecturers, possessing several years of industry and teaching experience, which ensures students are moulded into employable candidates with a sound education, and provide its students with the tools they need to adapt and excel in a complex and constantly changing world. The consistent high pass rates speak of the high standards of education and the quality of their service.

14th of September 2016

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