Amãna Bank has taken the initiative to encourage and reward the academic achievements of its Children’s Savings account holders who are sitting the forthcoming Grade 5 Scholarship Examinations.
Account holders who score above the cut-off mark will be rewarded with Rs.5,000/- while an additional Rs.10,000/- would be rewarded to the account holders who secure the highest rank from a particular district and Rs.25,000 if they are among the top 3 ranked students in the Island. Customers holding a Children’s Savings Account prior to sitting the examination will be eligible for this reward scheme.
In addition to this scheme, the Bank conducted Scholarship seminars for Grade Five students throughout multiple locations. These seminars were facilitated by renowned educators to help school children excel in the upcoming scholarship examination.
Commenting on this initiative, Amãna Bank’s VP - Retail Banking & Marketing Siddeeque Akbar said “We strongly believe that encouraging and rewarding academic performance is an important aspect in motivating the children to reach great heights.”
Amãna Bank PLC is the first Licensed Commercial Bank in Sri Lanka to operate in complete harmony with the non-interest based Islamic banking model. Fitch Ratings, in October 2015, affirmed the Bank’s National Long Term Rating of BB(lka) with a Stable Outlook. The Bank was recognized as the Best ‘Up-and-Comer’ Islamic Bank of the World by ‘Global Finance Magazine’ at the 18th Annual World’s Best Banks Award Ceremony held in Washington DC, USA. The Bank was also bestowed the coveted title ‘Islamic Finance Entity of the Year 2016’ at the inaugural Islamic Finance Forum of South Asia Awards Ceremony held in July. Powered by the stability and support of its strategic shareholders including, Bank Islam Malaysia Berhad, AB Bank in Bangladesh and Islamic Development Bank based in Saudi Arabia, Amãna Bank is making strong inroads within the Sri Lankan banking industry and is focused on capitalizing the growing market potential for its unique banking model across the country.