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

Board of Directors

Osman Kassim (Chairman)

Osman Kassim, a well versed personality in Islamic banking and finance, was instrumental in introducing the non-interest based concept of finance to Sri Lanka with the setting up of Amãna Investments in 1997, whose assets and liabilities were later on transferred to Amãna Bank PLC in 2011. He also sits on the Board of Amãna Takaful PLC, the first Islamic insurance company in Sri Lanka, as a founder Director. With over 40 years of senior management experience, Kassim was also the founder Chairman of the well-established Expolanka Group of Companies which is engaged in diverse business activities. He currently sits on the Board of Expolanka as a Non-Executive Director. He is also the Chairman of Asia Pacific Institute of Information Technology (APIIT) Sri Lanka, set up in collaboration with APIIT Malaysia and the Chairman of Vidullanka PLC, a leading provider of renewable energy to the National Grid. He is also a Director of Aberdeen Holdings (Pvt) Limited. He holds an Honorary Doctorate from the Staffordshire University in recognition of his achievements as both a global entrepreneur and visionary educationalist. Furthermore, he sits on the Boards of various other companies both locally and overseas.

Tyeab Akbarally (Deputy Chairman and Non-Executive, Non-Independent Director)

Tyeab Akbarally is a senior Director of Akbar Brothers (Pvt) Limited and its subsidiary companies for the past 30 years. Akbar Brothers (Pvt) Limited is a diversified group of companies and is the leading Tea export company which have won many prestigious awards for their export performances. He has served as a member of the Executive Committee and as a committee member at the National Chamber of Commerce Sri Lanka. He has also been the Chairman of the Spice and Allied Products Traders’ Association and Colombo Tea Traders’ Association. He has considerable experience in the import and export trade and has strong business relationships with the Middle Eastern Countries. Tyeab Akbarally also holds directorship in other public quoted companies.

Harsha Amarasekara PC (Non-Executive, Non-Independent Director)

Harsha Amarasekera, President Counsel is a leading Lawyer in Sri Lanka having a wide practice in the Original Courts as well as in the Appellate Courts, specialising in Commercial Law, Business Law, Securities Law, Banking Law and Intellectual Property Law. He also serves as an Independent Director in several leading listed companies in the Colombo Stock Exchange including CIC Holdings PLC (Chairman), Chemanex PLC (Chairman), Vallibel One PLC, Royal Ceramics Lanka PLC, Expolanka Holdings PLC, Chevron Lubricants Lanka PLC, Taprobane Holdings PLC, Amaya Leisure PLC, and Vallibel Power Erathna PLC. He is also the Chairman of CIC Agri Business (Private) Limited.

Mohamed Jazri Magdon Ismail (Non-Executive, Independent Director )

Mohamed Jazri Magdon Ismail is a Financial Consultant and the current Vice President of AAT Sri Lanka. He has served on the Directorate of Alhambra Hotels Limited, the Owners and Operators of Holiday Inn Colombo. He is a Fellow of The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and is a Member of the Institute of Certified Management Accountants, Australia. He is a Nominee of the CA Sri Lanka on the Governing Council of the Association of Accounting Technicians of Sri Lanka, of which he is also a Fellow Member.

Rajiv Nandlal Dvivedi (Non-Executive, Independent Director)

Rajiv Nandlal Dvivedi is currently the CEO of Eagle Investments Ltd, a privately owned Investments and Advisory firm based in Dubai. He has over 40 years of Commercial and Investment banking, Corporate finance, and Investments experience. He spent 35 years at Citibank in various senior executive positions: 28 years in Commercial and Investment Banking, Corporate Finance and Risk Management in the Middle East and seven years in Consumer Banking with Citibank in New York, USA. In addition to Amãna Bank, Mr. Dvivedi currently sits on the Board of China Rapid Finance (China), Harvest Network (China), Accordion Partners (USA), Candor Group of Companies (Sri Lanka), and Eagle Investments Limited (UAE). He holds an MBA in Finance, Long Island University, New York, USA.

Dilshan Hettiaratchi (Non-Executive, Independent Director)

Dilshan Hettiaratchi is a Partner/ Managing Director of Faber Capital Limited which is an investment banking firm headquartered in Dubai. The firm specialises in Capital Markets, Renewable Energy and Advisory opportunities. He has over 25 years of banking/Financial Markets experience. Prior to joining Faber Capital, he was the Managing Director and Head of Debt Capital Markets - MENA and Pakistan for Standard Chartered Bank. In this role he advised many high profile issuers from the Middle East such as the Government of Dubai, The Government of Ras Al Khaimah and other Corporates and Financial Institutions from the ME region to tap the International Bond and Sukuk markets. Prior to joining SCB, he worked with Citi National Investment Bank, which was the investment banking arm of Citibank and NDB based in Colombo, as well as at Waldock Mackenzie Limited which was the investment banking arm of John Keells Holdings. He is a Director of Asset Trust Management Limited, which is a SEC regulated Asset Management Company. He was also a Steering Committee member of the Gulf Bond and Sukuk Association (GBSA), and the Chair of the Government Bond issuance committee in 2011. He has been a speaker/panelist at a number of industry conferences in Debt Markets over the last few years. He holds an MBA from the University of Colombo, is a CFA Charter Holder and is an ACMA.

Aaron Russell-Davison (Non-Executive, Independent Director)

Aaron Russell-Davison is a veteran banker with 20 years’ experience across banking and financial institutions, including capital markets, bond and loan syndication, sales, trading, portfolio management and brokerage. Most recently, his tenure at Standard Chartered Bank, Singapore spanned over 6 years’ at the most senior levels of Capital Markets, as the Global Head of Debt Capital Markets. He also has served as Director, Capital Markets in prominent global institutions such as Credit Suisse, Hong Kong, Standard Bank of South Africa, Hong Kong, and Hypo-Vereins Bank, London. He has also held Board positions as an Independent Non-Executive Director of leading financial institutions, whilst serving in the capacity of Chairman - Group Risk Committee and as a member in the Group Audit, Remuneration and Related Party Committees. He has worked across multiple geographies and cultures with a strong Asian aspect, and holds a Bachelor of Arts (Asian History and Politics) from the University of Western Australia.

Adeeb Ahmad (Non-Executive, Non-Independent Director)

Adeeb Ahmad counts 29 years of experience across banking functions and specializes in Direct Investments, Investment Banking, Corporate Finance and Advisory, Capital Markets, Asset Management and Islamic Finance across various countries. He is currently posted as the Senior Advisor to the CEO and Acting Director of the Islamic Corporation for the Development of the Private Sector (ICD) which is the private sector arm of the IDB Group.  His experience covers Islamic Finance and Investment Banking in reputed international financial institutions in the GCC and Pakistan such as ANZ Grindlays Bank and ABN AMRO Bank in Bahrain, Citibank and MCB in Pakistan. Furthermore, he has advised on and arranged Islamic Debt Issuance, Equity Raising and M & As for several leading institutions across various countries. He holds a Masters of Science in Accounting and Finance from the London School of Economics, UK and a MBA from the Institute of Business Administration, Karachi, Pakistan.

Mohammed Ataur Rahman Chowdhury (Non-Executive, Non-Independent Director)

Mohammed Ataur Rahman Chowdhury has a wide experience across banking and financial institutions, including Investment Banking, Banking & Institutional Equities, Direct Investment and Finance. Currently he is attached to the Islamic Corporation for the Development of the Private Sector (ICD) which is the private sector arm of the IDB Group as the Senior Investment Manager focusing on banking equities across important member countries aggregating a portfolio of nearly USD 250 million. He has worked across multiple geographies and holds a MBA in Finance from IE Business School, Spain and a MBA in Finance & Accounts from the North South University, Bangladesh.

Asim Raza (Non-Executive, Non-Independent Director)

Asim Raza has over thirty years of diverse experience in banking and engineering industries at senior management level. He is well versed in all aspects of public and private sectors projects and equity financing including identification, preparation, due diligence, implementation and post implementation activities. He has a vast experience in remedial asset management which involved recovery of classified portfolio through restructuring, liquidation and litigation activities.   At IDB, Mr. Raza is involved in developing the enabling environment for trusts and endowments sector in OIC member and non-member countries; providing technical assistance for capacity building, regulatory and institutional development. He is deeply involved in the development of new endowments as well as establishment of commercial real estate projects on idle endowment land for transforming them in to revenue generating asset. Currently, he is supervising the global projects portfolio of more than US$ 300 million.  Prior to joining IDB, Mr. Raza worked in Pakistan and served on various senior positions at different financial institutions. He served as Vice President at Muslim Commercial Bank and Atlas Investment Bank Limited. He worked twelve years with the National Development Finance Corporation, which was mandated for the development of infrastructure projects in Pakistan. Asim holds a bachelor degree in Mechanical Engineering and Masters in Business Administration. He is a member of various Engineering Council and Institutes and has represented IDB as a speaker at various prestigious forums and conferences.

Khairul Muzamel (Non-Executive, Non-Independent Director)

Khairul Muzamel Perera has over 30 years of banking related experience including stints at a debt rating agency and a national asset management institution. He is currently the Chief Credit Officer overseeing the Credit Management Division which covers Credit Analysis, Credit Analytics, Valuation and the Central Financing Processing function in Bank Islam. Khairul joined the Risk Management Division of the Bank in April 2009, heading the Credit Risk Management unit. A Chartered Company Secretary by profession, Khairul is an Associate Member of the Institute of Chartered Secretaries & Administrators, London.


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