Amana opens first Islamic bank in Sri Lanka

Amãna Bank, Sri Lanka’s first licensed commercial bank to operate fully under the principles of Islamic banking, had its official opening yesterday, whilst it will be open for business on Monday.

A simple launch event to mark the opening was held at the bank’s Corporate Office at 480, Galle Road, Colombo 3, with Central Bank Governor Ajith Nivard Cabraal attending as the Chief Guest. Here Cabraal is being welcomed by Amana Bank Chairman Osman Kassim whilst Managing Director Faizel Salieh looks on – Pic by Upul Abayasekara

Amana Bank commercial operations commence today

Amana Bank, Sri Lanka’s first licensed commercial bank to operate fully under the principles of Islamic banking, opens for business today. A launch event to mark the opening was held at the bank’s Corporate Office at 480, Galle Road, Colombo 3 with the Central Bank of Sri Lanka Governor Ajith Nivard Cabraal attending as the chief guest. Breaking new ground and carrying Islamic banking products to all Sri Lankans, the Bank launches itself through the statement, “It’s Your Bank.”

It stands on the steadfast belief that it is a unique banking concept in line with everyone’s faiths, principles and expectations; it is a bank that yearns to ensure prosperity and true happiness to all customers through its unique, humane and honourable values.

Islamic banking is in fact a concept gaining fast popularity and acceptance across the world. Guided by strong values and ethics the banking model has shown great resilience during the recent global economic downturn and as a result is now emerging as a popular alternative to conventional banking.

Amana Bank will be offering a range of financial products and services including current accounts, savings accounts, children’s savings Accounts, term investment accounts, home financing, SME banking, corporate banking, trade services and treasury services. It will be opening its doors to the public across 14 branch locations with presence in Colombo 3 (Main Branch and Ladies’ Branch), Pettah, Kandy, Kurunegala, Akurana, Gampola, Mawanella, Galle, Oddamavadi, Kattankudy, Kalmunai, Akkaraipattu and Sammanthurai.        

Courtesy:  DailyNews