Amana Financial institution, Sri Lanka’s first and solely licensed business financial institution working totally beneath the non-interest-based banking mannequin, marked 15 years of operations on 1 August 2026. Since opening its doorways in 2011, the Financial institution has made exceptional progress whereas efficiently navigating among the most difficult durations within the nation’s current historical past, pushed by the rising belief, acceptance, and help of its clients. Immediately, the Financial institution serves over 500,000 clients by a rising community of greater than 80 buyer areas comprising branches and Self Banking Centres throughout the nation. This exceptional development displays the Financial institution’s dedication in direction of enabling development and enriching lives of its clients by the Financial institution’s growth targeted people-friendly method to banking.
Constructing on this robust basis, Amãna Financial institution has continued to ship strong monetary efficiency and sustainable development, reinforcing its place as a key participant in Sri Lanka’s banking sector. The Financial institution lately surpassed LKR 200 billion in whole belongings, turning into one of many quickest banks within the nation to attain this milestone. It has additionally persistently outpaced business development in each deposits and financing, whereas sustaining the strongest CASA ratio and being one of many lowest non-performing advances ratios within the sector. These achievements mirror the Financial institution’s skill to pursue sustainable development with out compromising portfolio high quality, supported by a strong threat administration framework, sound governance and a customer-centric tradition. The Financial institution has additionally maintained a constant observe document of profitability whereas declaring successive dividends over the past 8 years.
As a Retail and SME-focused financial institution, Amãna Financial institution has performed a pivotal position in supporting entrepreneurs, companies and households. By its distinctive asset-backed banking mannequin, Amãna Financial institution channels financing straight in direction of the actual sector of the economic system, supporting productive financial exercise, strengthening companies and industries, creating employment, bettering livelihoods, and contributing meaningfully to Sri Lanka’s sustainable financial growth.
A key milestone within the Financial institution’s journey has been the continued confidence positioned in it by the Islamic Improvement Financial institution (IsDB) Group, which stays Amãna Financial institution’s principal strategic shareholder by its personal sector arm, Islamic Company of the Improvement of the Personal Sector (ICD). Regardless of Sri Lanka not being a member state of the IsDB Group, its funding in Amãna Financial institution stands as a globally recognised success story, demonstrating how moral, value-based banking can thrive in a diversified market whereas contributing meaningfully to nationwide growth.
Amãna Financial institution has acquired quite a few native and worldwide accolades in recognition of its progress; from being named the ‘Finest Up and Coming Islamic Financial institution within the World’ by World Finance Journal USA throughout our childhood, to extra lately being ranked amongst the ‘World’s Prime 50 Strongest Islamic Banks’ by The Asian Banker and honoured because the ‘Most Impactful ICD Investee Firm’ by the Islamic Improvement Financial institution Group amongst 30+ world investee corporations. Reflecting its rising stature inside Sri Lanka’s banking sector, the Financial institution was named ‘Sri Lanka’s Finest Financial institution’ for the second consecutive 12 months on the ICC Rising Asia Banking Awards, adjudicated by PwC. Affirming its pioneering position and management throughout the Sri Lankan Islamic banking and finance ecosystem, the Financial institution has acquired a number of accolades, together with recognition because the Financial institution of the Decade on the Islamic Finance Discussion board South Asia (IFFSA) Awards in addition to a number of recognitions as Finest Financial institution, Finest Finance Entity and Finest Finance Offers at each the IFFSA Awards and the Sri Lanka Islamic Banking and Finance Business (SLIBFI) Awards.
Past banking, Amãna Financial institution’s flagship neighborhood outreach initiative, OrphanCare, has continued to create a significant social influence. Impressed by the United Nations Sustainable Improvement Aim No 10 Decreased Inequalities and guided by Article 2 of the United Nations Conference on the Rights of the Baby making certain no type of discrimination, OrphanCare helps orphaned kids throughout Sri Lanka of their journey in direction of monetary independence after leaving institutional care, thereby serving to save them from what would in any other case be a second abandonment. To this point, the initiative has enrolled over 3,200 kids from greater than 90 orphanages throughout the island. Documenting the transformative influence it has had on the lives of its beneficiaries, OrphanCare lately printed its inaugural Affect Report, which is obtainable at www.orphancare.org.
Commenting on this milestone, Amãna Financial institution Chairman Asgi Akbarally stated “As Amãna Financial institution marks its fifteenth anniversary, we accomplish that with immense gratitude and a deep sense of goal. This milestone displays the belief positioned in us by our clients, shareholders, staff and all our stakeholders. We’re significantly proud that our development has been achieved whereas remaining true to our founding rules of moral banking, monetary inclusion and sustainable growth. By durations of unprecedented financial and world challenges, we remained resilient, stood firmly by our clients and continued to contribute to Sri Lanka’s progress. As we glance to the longer term, we stay dedicated to creating lasting worth for our clients, empowering communities and supporting the nation’s financial aspirations.”
Sharing his ideas, Managing Director/Chief Government Officer Mohamed Azmeer said: “Our fifteen-year journey stands as a testomony to the enduring energy of belief, resilience and a steadfast dedication to showcasing real take care of all our stakeholders. Each milestone now we have achieved—from serving over half one million clients and surpassing LKR 200 Billion in belongings to delivering constant monetary efficiency—has been made potential by the unwavering help of our clients, steering of our Board of Administrators, knowledge of our Sharia Supervisiory Council and the dedication of our staff. On behalf of the Administration of the Financial institution, I prolong our honest gratitude to every of them for his or her invaluable contribution to our fifteen-year journey. With the belief and confidence now we have constructed over years we imagine our most fun chapters are nonetheless forward. Guided by our mission of Enabling Progress and Enriching Lives, we stay dedicated to constructing a stronger establishment that continues creating sustainable worth for generations to come back.”
Amana Financial institution PLC is a stand-alone establishment licensed by the Central Financial institution of Sri Lanka and listed on the Colombo Inventory Trade, with the Jeddah-based IsDB Group being the principal shareholder of the Financial institution. The IsDB Group is a Supra-Nationwide, ‘AAA’ rated multilateral growth monetary establishment with a membership of 57 nations.
Testifying to its place as a number one practitioner of the non-interest-based banking mannequin, Amana Financial institution was acknowledged amongst the Prime 50 Strongest Islamic Banks within the World by The Asian Banker. Amana Financial institution doesn’t have any subsidiaries, associates, or affiliated establishments aside from its engagement with OrphanCare as its Founding Sponsor.
