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Amãna Bank wins Global Finance award

Amãna Bank November 10, 2020

Amãna Bank has once again been recognized by the internationally acclaimed Global Finance Magazine in their 2020 honoring of non-interest based financial institutions from across the world. Amãna Bank was adjudicated as the Best Islamic Finance Institution in Sri Lanka, amidst a growing and competitive industry landscape. This is the Bank’s 7th consecutive year in winning this global accolade, confirming the Bank’s leadership status in the non-interest based banking space. Bringing glory to the country and region, Amãna Bank was previously also recognized by Global Finance Magazine as the Best Up and Coming Islamic Bank in the World at the 18th Annual World’s Best Banks Award Ceremony held in Washington DC, USA.

Commenting on this accolade the Bank’s Chief Executive Mohamed Azmeer said “It is a great honour for the Bank to be bestowed with this prestigious title for the 7th consecutive year. I am thankful towards our multiple stakeholders who continue to support our journey in enabling growth and enriching lives through our unique banking model, which has helped us to maintain our leadership status in the industry.”

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 IsDB Group being the principal shareholder having a 29.97% shareholding of the Bank. The IsDB Group is a ‘AAA’ rated multilateral development financial institution with a membership of 57 countries. In October 2020 Fitch Ratings Sri Lanka affirmed the National Long Term Rating of Amãna Bank at BB+(lka) with a Stable Outlook. Amãna Bank does not have any subsidiaries, associates or affiliated institutions, other than the ‘OrphanCare’ Trust.