AAFI appoints new Board

Tuesday, 13 February 2024 00:51 - - {{hitsCtrl.values.hits}}

The Association of Alternate Financial Institutions (AAFI) appointed its new Board for the year 2024 at a Special General Meeting held on 13 December 2023. AAFI was formed in October 2015 with the objective of carrying out activities in furtherance of the Non-Interest based Alternate Finance industry in Sri Lanka and ensure all Sri Lankans and the country benefits from this unique model of Banking and Finance.

AAFI is engaged in supporting the promotion and growth of the non-interest based banking and finance industry by creating a forum for members to voice, discuss and arrive at common solutions to challenges faced. The Association also stands to make collective representation to the relevant policy makers and regulatory authorities to establish a level playing field in Accounting, Tax and Legal aspects. From its inception, Ravi Abeysuriya was the founder President of AAFI. Following the passing of the distinguished President Ravi Abeysuriya, who leaves behind a legacy of passion, dedication, and unwavering commitment to the Association, AAFI is pleased to announce the appointment of a new Board who will carry the torch forward. The following were unanimously elected for the below Board positions.

Siddeeque Akbar - President
Suresh R. I. Perera - Vice President
Rifka Ziyard – Secretary
Ilsam Awfer - Assistant Secretary
Bahar Nayan - Treasurer
Hisham Ally - Assistant Treasurer

The recently appointed Board members are eager to build on the solid foundation that was laid by Ravi Abeysuriya and infuse AAFI with a renewed sense of purpose and drive.

Siddeeque Akbar is the current Vice President - Retail Banking and Marketing at Amana Bank and was elected unanimously by the Association members as its President. Vice President Suresh Perera and AAFI Secretary Rifka Ziyard are Principals – Tax and Regulatory at KPMG. Bahar Nayan who is currently attached to NDB as Senior Manager - Islamic Banking Unit, was appointed as the Treasurer while HNB Deputy General Manager Hisham Ally was appointed the Assistant Treasurer and LOLC Finance Chief Manager - AFSU Ilsam Awfer was appointed the Assistant Secretary.

Under the direction of the new board, AAFI looks forward to new chapter in pursuing its vision of ensuring Sri Lanka optimises the full potential of this unique model of Banking and Finance.

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