Amana Bank expands to Dematagoda

Amana Bank Director Dr. A.A.M. Haroon opening the branch alongside CEO Mohamed Azmeer, Director JazriMagdon Ismail and Branch Manager Mohamed Sanoosi

Amãna Bank opened a new branch in Dematagoda recently, its sixth branch in Colombo and 28th overall. The bank’s Director Dr. A. A. M. Haroon, along with Director Jazri Magdon Ismail, Sharia Supervisory Council Member Ash-Sheik M.M.A. Mubarak, Chief Executive Officer Mohamed Azmeer, senior management, customers and other invitees participated in the event. 

The branch, located at No. 7 Kent Road, Dematagoda, provides centralised access to many concentrated neighborhoods covering Kolonnawa, Maradana, Borella, Orugodawatte, Maligawatte and Grandpass.

Commenting on the bank’s entry into Dematagoda, Chief Executive Officer Mohamed Azmeer said: “We are privileged to open a branch in Dematagoda and serve a locality which is very much lively in terms of business as well as consumer activities. We believe that the customers from the area and surrounding neighborhoods can benefit from our extensive range of products and services. With a strategic focus towards financial inclusion, the bank also provides access to safe, convenient and affordable financial services to cater to the underbanked segment of the country. Such solutions include the bank’s innovative and global award-winning Gold Certificate Financing, which was introduced as an alternative to conventional pawning.”

Leveraging on technological innovation and with a view to enrich customer convenience, the bank offers its customers internet and mobile banking facilities to bank in comfort and on-the-go as well as a debit card which has access to 3,500 ATMs island-wide and online payment capabilities. The Dematagoda branch also offers an exclusive ladies unit, providing greater privacy and comfort for women to conduct their banking activities.

Amãna Bank Plc is the first licensed commercial bank in Sri Lanka to operate in complete harmony with the non-interest-based Islamic banking model. Fitch Ratings, in October 2016, affirmed the Bank’s National Long Term Rating of BB (lka) with a Stable Outlook. The bank was recognised 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 held in Washington DC, US. 

The bank was also bestowed the coveted title of Islamic Finance Entity of the Year 2016 at the inaugural Islamic Finance Forum of South Asia Awards ceremony held in July. 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.

First customer deposit accepted by Sharia Supervisory Council Member Ash-Sheik M.M.A. Mubarak