Amana Bank Recognized for Outstanding Performance on Risk Management at 2nd ICC Emerging Asia Banking Awards

Imtiaz Iqbal, Chief Operating Officer of Amana Bank
receiving award at ICC Emerging Asia Banking Conclave 2024

Amana Bank was honoured with Best Performance on Risk Management at the 2nd ICC Emerging Asia Banking Awards 2024 organized by the Indian Chamber of Commerce (ICC) to recognize outstanding performance in the banking domain across the South-Asian region. The Association of Professional Bankers – Sri Lanka, partnered with the ICC to ensure the event’s success.

Representing Amana Bank to receive the award, Chief Operating Officer Imtiaz Iqbal said, “We are honored to have won this prestigious award, competing against leading banks. This recognition underscores the strength of Amana Bank’s asset-backed unique banking model, which inherently promotes financial discipline, prudent financial practices, and risk-sharing. Our success in risk management is built on a foundation of robust underwriting practices, a comprehensive risk management framework, and proactive customer engagement. By focusing on sectoral investments, we have effectively managed credit risk and maintained a high-quality portfolio. I would like to extend my deepest gratitude to our dedicated team, whose commitment to excellence in risk management has been integral to achieving this recognition.”

The award ceremony was preceded by banking conclave featuring a distinguished line-up of speakers including Shri Vivek Joshi, Secretary – Department of Financial Services of the Government of India, Shri Dinesh Kumar Khara, Chairman – State Bank of India and representing Sri Lanka A A M Thassim, Deputy Governor – Central Bank of Sri Lanka.

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.