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

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Amãna Bank’s Grow Your Balance promotion wins Children’s hearts

With the objective of establishing a strong financial foundation for children, Amãna Bank over the years has worked towards inculcating the savings habit amongst children by motivating and rewarding parents and children to start savings early and grow their savings through a variety of gift schemes, offers and encouragements.

Having concluded a successful promotion in 2017, the highly anticipated Grow Your Balance program for 2018 was introduced with rewards categorised for 3 age brackets, ensuring the gifts received are relevant and beneficial to each child.

All rewards are based on new funds deposited to the account during the promotion period which is from 1 May to 31 December 2018. Customers who grow their accounts by Rs 5,000/-, Rs 10,000/-, Rs 25,000/-, Rs 50,000/- or Rs 100,000/- will have over 17 exciting gift options to choose from, with a single child walking away with 5 different gift items in total. Gifts are categorised for children aged 0 to 3 years, 4 to 7 years and 8 to 12 years.

Upon growing the account by Rs.5,000/- the child would be rewarded with either a Building Block Set, Connect 4 Game, or a Badminton Set and once the child surpasses the Rs.10,000/- growth target, the child would be gifted with either a Learning Pad, a Mini Golf Set or a Word Game. The child will be additionally rewarded with either an advanced Block Set, Walkie Talkie or Archery Set for growing the account by Rs. 25,000/- and once the Rs. 50,000/- target is achieved they will walk away with either a Train Set, Memory Game, Dynamo Torch or Volcano Kit. Account holders who are successful in growing their account by Rs. 100,000/- will be rewarded the grand prize of a Stroller, Tricycle, Scooter, Inflatable Pool or a Drone. Further, customers opening a new children savings account with a standing order during the promotional period will receive an Art Set.

Commenting on the promotion the Bank's Head of Deposit Mobilization Arshad Jamaldeen said “This promotion is to motivate and inculcate the idea of savings from an early age which is essential for the child’s future. The gift items on offer will not only be enjoyable but also encourages skill development. Further we want children to understand the benefits of non-interest based banking from an early age”

Amãna Bank’s focus on children is not only limited to its savings accounts, but also extends to the Bank’s CSR focus, which is aligned to cater to the social upliftment needs of children in the areas of Health and Education with the special attention towards orphans. Maintaining the Children’s Ward of the Colombo South (Kalubowila) General Hospital, donating school stationery to orphan children of the Makola Orphanage as well as assisting a 14 year old thalassemia patient for her surgery costs, are all in alignment with the Banks conscience and attention towards shaping the future of Children in Sri Lanka.

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 as well as 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.

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