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Amãna Bank offers the lowest five years Leasing rental this month

Amãna Bank August 19, 2014

Sri Lanka’s premier bank operating on Islamic banking principles, Amãna Bank now offers the market’s lowest five years Leasing (Ijara) rental of Rs 2,131/=(inclusive of VAT) per month for Rs. 100,000/- lease.

Commenting on this Amãna Bank’s Head of Leasing and Home Finance Mr Chaminda De Silva said “We are indeed delighted to offer the lowest five-year leasing rental for brand new & unregistered vehicles in the market, which further strengthens our commitment to offer convenient and affordable leasing facilities to our valued customers. Further, there are no hidden residual payments or other hidden charges to this offer and customers can obtain the credit approval for their lease facility within 24 hours from any of our branches located island wide.”

Elaborating on the Bank’s unique Leasing concept Mr Siddeeque Akbar, VP Consumer Banking and Strategic Marketing said “Our leasing concept operates according to Ijara principles, where the Bank buys the vehicle the customer requires and rents it back to the customer so that he/she could enjoy using the vehicle. At the end of the agreed rental period, the Bank will gift the vehicle to the customer so that the customer can enjoy the full ownership of it.”

With an effective service through minimum paperwork and less hassle, Amãna Bank Leasing offers minimal processing time and speedy delivery. The leasing facilities are provided up to 5 years and 100% of the vehicle value for brand new and unregistered vehicles. Easy payment options are also available for insurance based on customer preference whilst no guarantors are required for professionals. A special offer is also available for registered vehicles.

Amãna Bank is the first Licensed Commercial Bank in Sri Lanka to operate in complete harmony with the non-interest based Islamic banking model. 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, Amãna Bank is making inroads within the Sri Lankan banking industry and is focused on capitalizing the growing market potential for the unique banking model across the country.