Amana Bank appoints Board of Directors

Wednesday, 6 April 2011 00:01 - - {{hitsCtrl.values.hits}}

The Monetary Board of the Central Bank of Sri Lanka recently approved the names of persons proposed by Amana Bank as directors on its Board.

The composition of the Board includes representative directors of the bank’s strategic shareholders namely Bank Islam of Malaysia, AB Bank of Bangladesh, Islamic Development Bank of Saudi Arabia and Akbar Brothers of Sri Lanka.

The Board of Directors will be chaired by Osman Kassim, the visionary entrepreneur who introduced Islamic finance to the country 14 years ago. He counts over 25 years of experience in business management and is the founder Chairman of the Expolanka Group of Companies.

Faizal Salieh is the Managing Director and CEO of the bank.

The other directors on the Board are Dato’ Sri Zukri Bin Samat (The current Managing Director of Bank Islam Malaysia), Jaafer Bin Abu (Chief Operating Officer, Business Support, Bank Islam Malaysia), Mohammed Wahidul Haque (Chairman of AB Bank, Bangladesh), Tyeab Akbarally (Senior Director of renowned tea exporter Akbar Brothers), Dr. A.A.M. Haroon (Medical Practitioner and Chairman, Lucky Group of Companies), Yeo Sock Hwa (Chairperson of Millennium Group of Companies, Singapore), Dato’ Ahmad Tajudin Abdul Rahman (Independent director), Ruzly Hussain (Independent director), Jazri Magdon Ismail (Independent director), Angelo Patrick (Independent director) and the nominee from Islamic Development Bank, Saudi Arabia who is expected to be appointed shortly.

Speaking on the composition of the bank’s Director Board, Osman Kassim said “it is indeed a privilege for Amana Bank to have such a wealth of experience and knowledge in our Board. Their expertise will be of great value in promoting the unique concept of Islamic banking to our nation”

He further added that the Board appreciates the support extended by the Central Bank of Sri Lanka towards the establishment of Islamic Banking in the country.