Amãna Bank recently rewarded its Children’s Savings Account holders who performed exceptionally well at the Grade 5 Scholarship Examinations 2016. Over 100 students who surpassed the respective cut-off marks of their district were rewarded with a credit of Rs.5000/- to their Children’s Savings Account balance.
Three students, who were ranked first in the Districts of Colombo, Puttalam and Batticaloa were rewarded an additional Rs.10,000/- to their account.
Commenting on this program, Amãna Bank’s Vice President Retail Banking & Strategic Marketing said “We are really happy to witness students benefiting from this program we commenced last year. We strongly believe that encouraging and rewarding academic performance is an important aspect in motivating the children to reach great heights”
In addition to this scheme, the Bank conducted Scholarship seminars prior to the Examinations for the Grade Five students throughout multiple locations. These seminars were facilitated by renowned educators to help school children excel in the scholarship examination.
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.