Amãna Bank wins its 4th IFN accolade

Monday, 23 March 2015 00:00 -     - {{hitsCtrl.values.hits}}

Amãna Bank CEO Mohamed Azmeer receiving the award from RedMoney Group Managing Director Andrew Morgan     Amãna Bank, Sri Lanka’s first and only licensed commercial bank operating according to the doctrines of Islamic banking, has triumphed once again at the world-renowned Islamic Finance News (IFN) Awards ceremony by claiming the coveted ‘Best Islamic Bank in Sri Lanka’ accolade. The IFN Awards, which are based on a global poll conducted in 2014 by the Malaysia-based REDMoney Group, recognises the best providers of Islamic financial services across global markets which also include World’s Best Islamic Bank, the Best Islamic Bank by Country, the Best Central Bank and the Best Islamic Banking Deals for the Year. The accolade was presented to the bank’s Chief Executive Officer Mohamed Azmeer at an awards ceremony held at the Shangri-la Hotel in Kuala Lumpur recently. Commenting on receiving the bank’s fourth IFN accolade, Mohamed Azmeer said: “To be globally recognised as the country’s best Islamic financial services provider for four consecutive years is a great achievement for the bank for which we are extremely happy. Over the last few years Amãna Bank has been successful in establishing a strong foothold in the Islamic banking and finance industry in Sri Lanka, which is reflected by the significant growth we have achieved in our asset and liability portfolios. As this award is based on a global poll, it demonstrates the confidence people have in us from across the world. I would like to sincerely thank all our customers, shareholders and employees for supporting and contributing to the growth and success of the bank which has enabled us to achieve this streak of wins.” The IFN Polls takes an unbiased and all-encompassing approach in selecting the best banks in the world. Since its establishment in 2005, it continues to be the appropriate representation of the current Islamic financial market landscape and is the industry’s most comprehensive annual poll. Islamic finance issuers, investors, non-banking financial intermediaries and government bodies from around the world are invited to participate by casting their votes. Amãna Bank is listed on the Colombo Stock Exchange and was recently recognised as the World’s Best ‘Up-and-Comer’ Islamic Bank by Global Finance Magazine at the 18th Annual World’s Best Banks Awards Ceremony, held in Washington DC in the US. Powered by the stability and support of its strategic shareholders including Bank Islam Malaysia Berhad, AB Bank in Bangladesh and Islamic Development Bank based in Saudi Arabia, Amãna Bank is making strong inroads within the Sri Lankan banking industry and is focused on capitalising on the growing market potential for its unique banking model across the country.