Honoured with Euromoney Accolade

Cementing its leadership status for non-interest based banking in the country, Amana has been honoured with the title of Best Islamic Bank in Sri Lanka at the prestigious Euromoney Islamic Finance Awards. As cited by Euromoney, this accolade reflects Amana Bank’s remarkable year of growth, innovation and unwavering commitment to people-friendly banking.

Mohamed Azmeer
Managing Director/CEO

The Euromoney Islamic Finance Awards, which are part of Euromoney’s globally accepted award platforms, are given to non-interest based financial institutions that have demonstrated outstanding performance during previous 12 months and recognize the institutions that have made an impact in their respective markets and contributed to the development of the non-interest based banking and the finance market in general. The awards are judged by a panel made up of Euromoney’s journalists and research team following a strict performance based evaluation criteria.

During 2023, Amana Bank achieved its best ever financial performance with a 76% growth in Profit After Tax to reach LKR 1.4 billion, while also strengthening its capital base to LKR 20 billion with a fresh capital infusion, which places the Bank on robust launch pad to grow and seize potential opportunities.

Commenting on the award, Amana Bank’s Managing Director/CEO Mohamed Azmeer stated, “We are honoured to have once again received a global accolade to recognise Amana Bank’s leadership in non-interest based banking. This award is a testament to our commitment to promote people-friendly banking to drive the economic growth of our country, while enabling growth and enriching lives of our customers.”

Amãna 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 of the Bank. The IsDB 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, Amãna Banks continued to be recognised amongst the Top 100 Strongest Islamic Bank’s in the World by The Asian Banker. Amãna Bank does not have any subsidiaries, associates, or affiliated institutions apart from its engagement with OrphanCare as its Founding Sponsor.