Amãna Bank bags Best Islamic Bank in South Asia title

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

Commenting on this achievement, Amana Bank Managing Director/CEO Mohamed Azmeer noted that the title is a testament to the bank’s dedication to promoting a 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 launchpad to optimise on the regional opportunities,” he said.

This recognition comes as a result of Amãna 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 small and medium enterprise 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 an ‘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 50 Strongest Islamic Bank’s in the World by The Asian Banker.