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Amana Bank crowned South Asia's Finance Entity and Bank of the Year at IFFSA Awards 2022

Amãna Bank December 20, 2022

Amana Bank PLC Sri Lanka was once again recognised with the Gold Award for Entity of the Year at the much celebrated IFFSA Awards, which recognises the non-interest based Islamic Banking & Finance industry amongst South Asian countries, including India, Pakistan, Sri Lanka, Bangladesh and Maldives. The Bank went on to further win the coveted Gold Award for Bank of the Year in South Asia as well as the Silver Award for CSR Project of the Year, owing to the Bank’s contribution towards the health care sector in its battle against the Covid-19 pandemic.

Organized by Uto Educonsult and held at Shangri-La Colombo, IFFSA Awards is the only regional awarding platform recognising the performance of the non-interest based Islamic Banking & Finance industry, for which institutions across the regions keenly compete with each other. In winning these accolades, Amana Bank competed with institutions from mature Islamic Banking & Finance markets such as Pakistan, Bangladesh and Maldives in addition to other financial institutions based in Sri Lanka.

Commenting on winning the accolades Amana Bank’s Managing Director/CEO Mohamed Azmeer said “We are honoured to have once again be crowned South Asia’s Islamic Finance Entity of the Year as well as Islamic Bank of the Year under the respective categories. Winning these accolades testifies Amana Bank’s leadership towards making Sri Lanka a hub for Islamic Banking & Finance in the South Asian region. I am grateful to all our employees, customers and stakeholders for supporting the growth of the Bank which enabled us to achieve such global recognitions.”

Amana Bank PLC is a stand-alone institution licensed by the Central Bank of Sri Lanka and listed on the Colombo Stock Exchange with Jeddah-based Is DB Group being the principal shareholder having a 29.97% shareholding of the Bank. The Is DB Group is a ‘AAA’ rated multilateral development financial institution with a membership of 57 countries. Testifying its position as a leading practitioner of the non-interest based banking model, Amana Bank is recognised amongst the Top 50 Strongest Islamic Bank’s in the World by The Asian Banker. Amãna Bank does not have any subsidiaries, associates, or affiliated institutions.

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