Amana Bank recognised as Best Islamic Bank in South Asia

Amana Bank has been honored with the prestigious title of “Best Islamic Bank in South Asia 2024” at the Brands Review Magazine Awards 2024, affirming the Bank’s leadership status amongst regional peer banks while also demonstrating its success story of promoting non-interest based financing in the region.

Commenting on this achievement, Mohamed Azmeer, Managing Director/CEO of Amana Bank, stated, “Having maintained a strong track record of performance over the last few years, we are honoured to be recognised as the ‘Best Islamic Bank in South Asia 2024’. This title is a testament to our dedication to promoting our people-friendly and development focussed banking approach that drives economic growth while adhering to sustainable practices. We are deeply grateful to our customers, employees, and stakeholders for their continued support and trust in our vision. This accolade further highlights Sri Lanka’s leadership status and potential to become a hub for Islamic finance in the region as the Bank is  on a strong launch pad to optimise on the regional opportunities.”

This recognition comes as a result of Amana Bank’s relentless pursuit of excellence and its commitment to delivering value to its customers. The Bank has consistently demonstrated best practices in supporting the SME and retail segments, contributing significantly to the financial sector’s development. Its focus on exploring opportunities and growth in the digital banking space, coupled with providing innovative people-friendly and development focussed financial solutions, has earned it a reputation for excellence and innovation in the region.

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 recognized amongst the Top 50 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.