Amãna Bank, Sri Lanka’s premier non-interest based Islamic financial service provider, recently concluded an awareness program on non-interest based Banking for the SME’s in the Eastern Region which was held at the Lee-Meridian Reception Hall, Sainthamarudhu.
This program was initiated primarily to focus on the importance of SMEs to the national economy and how Amãna Bank could contribute toward their growth through its unique banking proposition. The event was well attended by many consumers from the Eastern Region SME sector, Branch Managers, Customer Relations Managers and officials from the Head Office.
Amãna Bank’s Vice President Operations and SME Banking, M M S Quvylidh emphasized the significance of the Non-Interest Banking model and its superiority and relevance. Addressing the audience, the Bank’s Head of SME, Nilam Mohamed spoke on the stability of Amãna Bank and its Banking system which values feasible entrepreneurial initiatives.
Amãna Bank is the first Licensed Commercial Bank in Sri Lanka to operate in complete harmony with the non-interest based Islamic banking model and is listed on the Diri Savi Board of the Colombo Stock Exchange. Fitch Ratings, in October 2015, affirmed the Bank’s National Long Term Rating of BB(lka) with a Stable Outlook. The Bank was recognized as the Best ‘Up-and-Comer’ Islamic Bank of the World by ‘Global Finance Magazine’ at the 18th Annual World’s Best Banks Award Ceremony 2014 held in Washington DC, USA. Powered by the stability and support of its strategic shareholders including, Bank Islam Malaysia Berhad, AB Bank in Bangladesh and The Islamic Development Bank based in Saudi Arabia, Amãna Bank is making strong inroads within the Sri Lankan banking industry and is focused on capitalizing the growing market potential for its unique banking model across the country.
Photo caption: (Above) Amana Bank VP – Operations & SME Banking M.M.S. Quvylidh addressing those presented at the workshop