NDB Shareek Shines at the 9th IFFSA Awards 2024

NDB Bank’s Islamic Banking arm, NDB Shareek, has once again cemented its leadership in the Islamic banking and finance sector by earning multiple accolades at the prestigious 9th Islamic Finance Forum of South Asia (IFFSA) Awards held recently in Colombo.

The Bank proudly clinched the Gold Award for ‘Islamic Banking Window/Unit of the Year’ and another Gold Award under the category ‘Deal of the Year’ for its work with a leading feed Manufacturer in Sri Lanka. In addition to these institutional awards, Fahmi Rahim was recognised with the Silver Award for ‘Rising Star of the Year.’

The IFFSA Awards, recognised as one of the most prestigious platforms for Islamic banking and finance in the region, celebrates the significant contributions of individuals and organisations to the industry across South Asia. This year’s awards focused on highlighting institutions that demonstrated exceptional performance, innovation, technological integration, and social responsibility in their operations.

This recognition comes during a momentous year for NDB Shareek, which recently celebrated its 10th year anniversary. Over the past decade, NDB Shareek has consistently delivered a diverse range of Shariah-compliant financial solutions and services, making a meaningful impact on individuals and businesses alike.

Speaking on this achievement, Bahar Nayan, Head of Islamic Banking at NDB, stated, “These awards are a reflection of NDB Shareek’s unwavering commitment to providing ethical and innovative financial solutions that align with Shariah principles. As we celebrate a decade of service, we are enthusiastic to foster positive change in the industry propelling our customers towards Alternative Banking solutions for the future.”

NDB Shareek’s success at the IFFSA Awards highlights its prominent role in the Islamic banking landscape of Sri Lanka and the broader South Asian region. As the Bank continues to innovate and grow, it remains steadfast in its mission to deliver cutting-edge, Shariah-compliant financial solutions while contributing to the economic and social well-being of the communities it serves.

NDB Bank is the fourth-largest listed commercial bank in Sri Lanka. NDB was named Sri Lanka’s Best Bank for Corporates at Euromoney Awards for Excellence 2024 and was awarded Domestic Retail Bank of the Year – Sri Lanka and Sri Lanka Domestic Project Finance Bank of the Year by Asian Banking and Finance Magazine (Singapore) Awards 2024. NDB is the parent company of the NDB Group, comprising capital market subsidiary companies, together forming a unique banking and capital market services group. The Bank is committed to empowering the nation and its people through meaningful financial and advisory services powered by digital banking solutions.