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

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Amana Bank Enters Negombo

Amana Bank opened its 20th branch in Negombo on 29 April 2013 at No. 97, Colombo Road, Negombo. The opening ceremony of the new branch was held under the patronage of Amana Bank's Managing Director/CEO Mr. Faizal Salieh, Chief Operating Officer Mr. Mohamed Azmeer, together with members of the Bank's Corporate Management, customers and other invitees.

Speaking at this occasion Amana Bank's Managing Director/CEO Mr Faizal Salieh said 'We are happy to mark our 20th milestone at Negombo and are eager to build lasting and mutually rewarding relationships with the local community. Negombo is a strong fisheries hub, an important link in the coconut belt, a popular tourist destination and a developing commercial town. It will certainly benefit from our unique banking model which is based on the Profit and Loss sharing system and firmly bound by the principles of Equity, Fairness and Justice.'

Customers of Negombo can now enjoy services such as Current accounts, Savings accounts, Resident Foreign Currency (RFC) accounts, Non Resident Foreign Currency (NRFC) accounts, Children's Savings accounts, Term Investment accounts, Housing Finance, Leasing facilities, SME Banking, Corporate Banking, Safety deposit lockers, Trade Services and Treasury Services. The branch also houses an ATM machine providing 24x7 access to customers.

Amana Bank is the first Licensed Commercial Bank in Sri Lanka which fully functions on the principles of Islamic banking and is powered by the stability and the support of its strategic shareholders Bank Islam Malaysia Berhad, the Islamic Development Bank based in Saudi Arabia and AB Bank in Bangladesh. The Bank is making an aggressive journey in the Sri Lankan banking industry with product and service offerings based on a unique model of banking. While already being the market leader in Sharia-based banking, Amana Bank is focused on capitalizing the growing market potential for this unique banking concept among all communities in the country.

MD/CEO Mr Faizal Salieh opens Amana Bank's Negombo Branch. Amana Bank's COO Mr Mohamed Azmeer looks on. Accepting the first deposit by MD/CEO Mr Faizal Salieh and Mr Mohamed Azmeer, COO, looks on

29th April 2013

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