corporate profile 2020 - amana bank · ash-sheikh ustad mohd nazri bin chik (vice chairman)...

CORPORATE PROFILE

Enabling Sri Lanka’s first ever revolutionary aquaculture project, establishing a sustainable farm in the ocean to cultivate fresh fish of the highest quality and taste

VISION

To be an admired leader in providing equitable financial solutions, not limited to numerics, but also in earning the trust of

our customers, employees, shareholders and country.

MISSION

To adopt a unique and people friendly approach with a passion for continuous improvement, enabling growth and enriching lives

of our customers.

Strengthening Sri Lanka’s renewable energy resourcesthrough partnerships on Mini Hydro Power Plant Projects

Amãna Bank is the first and only Licensed Commercial Bank in Sri Lanka to conduct all its operations under the principles of Islamic banking and be fully disengaged from interest based transactions, offering the full spectrum of Retail Banking, SME Banking, Corporate Banking, Treasury and Trade Finance Services.

With the mission of Enabling Growth and Enriching Lives, the Bank reaches out to its customers through a growing network of branches and Self Banking Centres spread across the country while having access to 4000+ ATMs for withdrawals and 700+ Pay&Go kiosks for deposits. Customer can also benefit from an array of customer conveniences such as Internet & Mobile Banking, Debit Card with SMS alerts, Online Account Opening, 365 Day Banking, Saturday Banking, Extended Banking Hours, 24x7 Cash Deposit Machines and Banking Units Exclusively for Ladies.

Amãna 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 held in Washington DC, USA. The Bank was also bestowed the coveted title ‘Islamic Finance Entity’ at the inaugural Islamic Finance Forum of South Asia Awards Ceremony. Fitch Ratings has assigned Amãna Bank with a National Long Term Rating of BB+(lka) with a Stable Outlook.

Amãna Bank PLC is a stand-alone institution licensed by the Central Bank of Sri Lanka and listed on the Colombo Stock Exchange with Jeddah based IDB Group being the principal shareholder having a 29.97% stake of the Bank. The IDB Group is a ‘AAA’ rated multilateral development financial institution with a capital base of over USD 150 Billion which has a membership of 57 countries. Powered by the stability and support of the IDB Group along with other strategic shareholders, Amãna Bank is making strong inroads within the Sri Lankan banking industry and is focused on capitalizing on the growing market potential for its unique banking model across the country.

Who we are

Our Reach

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Product & Services

Contributing towards the establishment of a Maritime Hub by financing bunkering services

Board of Directors and CEO

ALI ASGHAR (ASGI)AKBARALLY

Chairman and Non-Executive, Non-Independent Director

RAJIV NANDLAL DVIVEDI

Non-Executive, Independent Director

PRADEEP DILSHANRAJEEVA HETTIARATCHI


AARON RUSSELL-DAVISON


Board of Directors and CEO

MOHAMMED ATAURRAHMAN CHOWDHURY

Non-Executive, Non-Independent Director

SYED MUHAMMED ASIMRAZA


KHAIRUL MUZAMELPERERA BIN ABDULLAH


MOHAMED AZMEER

Chief Executive Officer

Dr. Muhammad Imran Ashraf Usmani (Chairman)

Ash-Sheikh Ustad Mohd Nazri Bin Chik (Vice Chairman)

Ash-Sheikh M M A Mubarak

Ash-Sheikh Mufti M I M Rizwe

Ash-Sheik Mufti Muhammad Hassan Kaleem

Independent Sharia Supervisory Council

Islamic Development Bank

Islamic Corporation for the Development of the Private Sector

Bank Islam Malaysia

Akbar Brothers

Strategic Shareholders

2019 2018 2017 2016 2015

Financing Income (LKR ‘000) 7,709,286 6,883,222 5,544,237 4,039,624 2,885,932

Financing Expenses (LKR ‘000) 4,544,371 3,522,889 2,790,618 2,115,335 1,405,259

Net Operating Income (LKR ‘000) 3,967,690 3,627,890 3,098,138 2,216,095 2,064,305

Operating Profit before VAT,

NBT and DRL (LKR ‘000) 1,376,674 1,322,237 1,058,565 271,078 370,964

Profit Before Tax (LKR ‘000) 844,848 902,199 739,319 102,812 218,716

Profit After Tax (LKR ‘000) 460,931 556,446 502,828 40,640 158,629

Total Assets (LKR ‘000) 86,579,570 77,269,767 63,540,083 54,314,987 47,741,872

Advances (LKR ‘000) 57,716,961 52,853,663 42,914,144 38,451,662 33,073,596

Deposits (LKR ‘000) 71,614,753 61,722,683 50,922,561 46,915,290 38,467,460

Net Asset Value Per Share (LKR) 4.74 4.65 4.52 4.63 4.58

Net NPA (%) 1.5 0.9 0.7 0.4 0.3

5 Year Financial Summary

We are honoured to be

awarded the Best ‘Up-and-Coming’ Islamic Bank of

the World!

Awards & Accolades

2019 • Best Islamic Financial Institution in Sri Lanka - Global Finance Awards • Best Islamic Bank in Sri Lanka by The Banker • Social Responsible Bank of the Year – IRB Awards • Gold Award for Finance Entity of the Year at SLIBFI Awards • Gold Award for Marketing Campaign of the Year at SLIBFI Awards • Silver Award for Product of the Year at SLIBFI Awards • Bronze Award for Deal of the Year at SLIBFI Awards • Silver Award for Bank of the Year in South Asia at IFFSA Awards • Bronze Award for Entity of the Year at IFFSA Awards • Gold Award for Product of the Year at IFFSA Awards • Gold Award for ‘Best Common ATM Acquirer of the Year’ at LankaPay Technnovation Awards • Best Islamic Retail Bank – Global Banking & Finance Review Awards 2018 • Global Finance Awards - Best Islamic Finance Institution in Sri Lanka • The Banker Awards - Best Islamic Finance Institution in Sri Lanka • Gold Award for Islamic Bank of the Year in South Asia at IFFSA Awards 2018 • Bronze Award for Islamic Finance Entity of the Year at IFFSA Awards 2018 • Bronze Award for Islamic Finance Product of the Year (Apartment Financing) at IFFSA Awards 2018 • Global Business Outlook Award – Best SME Bank in Sri Lanka • Global Business Outlook Award – Best Islamic Retail Bank in Sri Lanka • Global Brands – Best Islamic Finance Brand in Sri Lanka • Gold Award for Islamic Finance Campaign of the Year (Gold Certificate Financing) at SLIBFI Awards 2018 • Silver Award for Islamic Finance Entity of the Year at SLIBFI Awards 2018 • Gold Award for Islamic Finance Product of the Year (Apartment Financing) at SLIBFI Awards 2018

2017 • Global Finance Awards - Best Islamic Finance Institution in Sri Lanka • The Banker Awards - Best Islamic Finance Institution in Sri Lanka • Gold Award for Islamic Finance Product of the Year (Education Financing) at SLIBFI Awards 2017 • Gold Award for Islamic Finance Campaign of the Year (Gold Certificate Financing) at SLIBFI Awards 2017 • Silver Award for Islamic Finance Deal of the Year at SLIBFI Awards 2017

2016 • Global Finance Awards for Best Islamic Finance Institution in Sri Lanka • Listed in Global Finance Magazine’s Innovators Index for the Bank’s Gold Certificate Financing product • The Banker Magazine - Best Islamic Finance Institution in Sri Lanka • Gold Award for Islamic Finance Entity of the Year at the inaugural Islamic Finance Forum of South Asia Awards Night • Gold Award for Islamic Finance Deal of the Year at the inaugural Islamic Finance Forum of South Asia Awards Night • Silver Award for Islamic Finance Product of the year at the inaugural Islamic Finance Forum of South Asia Awards Night • Islamic Finance News Poll Award for Best Islamic Bank in Sri Lanka awarded by Malaysian based RedMoney Group 2015 • Global Finance Awards Best Islamic Finance Institution in Sri Lanka • Gold Award for Islamic Finance Product of the Year (Gold Certificate Financing) at SLIBFI Awards 2015 • Silver Award for Islamic Finance Product of the Year (Savings Plan) at SLIBFI Awards 2015 • Silver Award for Islamic Finance Entity of the Year at SLIBFI Awards 2015 • Silver Award for Islamic Finance Deal of the Year at SLIBFI Awards 2015 • Ranked amongst Sri Lanka’s 100 Most Valuable Brands by Brand Finance • Islamic Finance News Poll Award for Best Islamic Bank in Sri Lanka awarded by Malaysian based RedMoney Group

Awards & Accolades

2014 • Global Finance Award for Best ‘Up-and-Comer’ Islamic Bank of the World • Global Finance Awards Best Islamic Finance Institution in Sri Lanka • Islamic Finance News Poll Award for Best Islamic Bank in Sri Lanka awarded by Malaysian based RedMoney Group

2013 • Gold Award for Islamic Finance Entity of the Year at the Sri Lanka Islamic Banking and Finance Industry Awards Night • Gold Award for Islamic Finance Deal of the Year at the Sri Lanka Islamic Banking and Finance Industry Awards Night for financing the Lower Kotmale Mini Hydro Power Project • Islamic Finance News Poll Award for Best Islamic Bank in Sri Lanka awarded by Malaysian based RedMoney Group 2012 • Islamic Finance News Poll Award for Best Islamic Bank in Sri Lanka awarded by Malaysian based RedMoney Group • Global Commerce Excellence Award for bringing in foreign investment during times of terrorism, awarded by Central Bank of Sri Lanka, Board of Investment, Sri Lanka Ports Authority and Airport Aviation Services of Sri Lanka • Sri Lanka Islamic Banking and Finance Industry Award for Islamic Finance Entity of the Year adjudged by KPMG • Silver Award for Overall Annual Report under the 'National Banks' category at the 26th ARC Awards organized by New York based Mercomm Inc. 2011 • Islamic Finance News Poll Award for Best Islamic Bank in Sri Lanka awarded by Malaysian based RedMoney Group

Awards & Accolades

Have you ever considered what happens to an orphan once they reach the age of 18? We have seen and responded to orphans as children calling out for our support. However, we have been blind to their problems as they reach maturity.

As vulnerable young adults, they are often flung in to society without guidance or support. They remain faceless and voiceless, unseen and unheard.

We invite you to contribute and collaborate with our novel approach to empowering orphans as they reach adulthood.

It’s not just about giving them a chance at life. It’s about giving them a choice in their future.

Towards creating a lasting impact on society and as an initiative towards ‘giving back’, Amãna Bank launched its flagship CSR venture OrphanCare in 2019. Established as an independent trust, OrphanCare aims to address a very important yet mostly unattended need of orphan children; which is securing the fate of orphans once they reach the age of 18 and are compelled to leave institutional care.

Our approach seeks to intervene in a vital and decisive aspect of the problem: funding. Just as we encourage parents to start saving for their children early, we have created a Trust for orphans to provide them with some measure of financial security when they reach maturity. The Trust makes deposits periodically into orphans’ accounts until they reach the age of 18, at which point the funds will become accessible.

Two foundational principles defined the very essence and identity of the Trust.• Every rupee donated to the OrphanCare Trust will be directly allocated for orphan accounts.• Amãna Bank will bear all operating and administrative costs of the Trust.

With over 14,000 registered orphans in the country, Amãna Bank OrphanCare has to date enrolled over 2,600 orphans to the program representing 75 orphanages with the objective of reaching out to all orphans in the country.

Contact DetailsE-mail : [email protected] Tel: +94 11 775 6 775

Contribution to Sustainable Development Goals

The Bank’s flagship CSR venture Amãna Bank OrphanCare is aimed at financially supporting orphan children who age out of orphanages, so that they can be independent in managing for themselves and not get caught to the poverty trap. Through the Bank’s unique Gold Safekeeping solution, the Bank has reached out to customer segments that hitherto have been un-banked and under-banked.

A key focus of the Bank’s CSR and Charity Fund activities continues to revolve around education. Over the years the Bank has contributed to many scholarship programmes including the Serendib Education Fund and the Lanka Relief and Development Foundation. The Bank has also generously contributed stationery items for schools and institutions. The Bank’s Charity Fund has been utilised to facilitate many higher education support requests of less privileged students.

To provide greater comfort and privacy in understanding the different needs of its female customers, Amãna Bank is the only Bank in Sri Lanka to establish a dedicated banking unit catering to female customers.

Accessibility to drinking water continues to be a major challenge for most rural localities in the country. Understanding this predicament, Amãna Bank initiated many programmes to provide clean water including setting up of water purification plants and wells as well as distributing water purifiers.

Contribution to Sustainable Development Goals

As an alternative for fossil fuel consumption, the Bank has been actively promoting its Solar Financing facility forcustomers switch to green energy. Testifying the Bank’s commitment to go green, the electricity to Amãna Bank’s Corporate Office is also generated through Solar energy. At a national level, the Bank has also encouraged and financed businesses that generate renewable energy to the National Grid.

The Bank’s strategic focus is primarily being a Retail and SME Bank, thus it continued to support the various SMEindustries through financing as well as through moratoriums granted for repayments. Unlike a traditional lenderand borrowing relationship where the lender dictates terms, the Bank’s unique banking model fosters a healthierand mutually benefiting relationship which is favorable to SME customers on the long run. This is why the Bankrecognises genuine misfortunes and doesn't believe in profiting from the likes of late payment penalties.

The Bank has been supporting low income families through its Gold Safekeeping facility, which facilitates the option of convenient credit at grass root levels. The Bank's OrphanCare programme also contributes towards inclusive devlopment through empowering vulnarble youth.

The Bank has undertaken many initiatives to ensure the Bank’s usage of paper is limited through investing in technology. Some of the key initiatives include online account opening, e-statements and SMS alerts, voucher less deposits, one time password/PIN (OTP) via SMS instead of PIN mailers, scan based approval systems.

Supporting the country’s internationallyrenowned tea industry to develop to its full potential

Management Committee

Mohamed Azmeer (Chief Executive Officer)M M S Quvylidh (Senior VP - Corporate & SME Banking)M Pharis Jazeel (Senior VP - Treasury and Financial Institutions)Ajmal Naleer (Chief Risk Officer)Ali Wahid (Chief Financial Officer)Siddeeque Akbar (VP - Retail Banking & Marketing)Irshad Iqbal (Chief Compliance Officer) Rajitha Dissanayake (Chief Information Officer)Imitiaz Iqbal (VP - Operations)Fazly Marikar (VP - Strategy Management & Product Innovation)Numair Cassim (Chief Internal Auditor)

Management

Asst. VPs & Heads of Departments

Mrs. S. Dayani de Silva (Company Secretary)Farhan Refai (Head of Human Resources)Chaminda De Silva (Asst. VP - Commercial Leasing)Sulani Dayaratne (Head of Legal)Nazhan Naurooz (In-house Sharia Advisor)

Encouraging households to go green and embrace sustainableenergy consumption by financing the purchase of solar power systems

NAME OF COMPANY Amãna Bank PLCCOMPANY REGISTRATION NUMBER PB 3618 PQ (Under the Companies Act No. 07 of 2007)LEGAL FORM A Public Quoted Company Incorporated in Sri Lanka in February 2009 and Licensed by the Central Bank of Sri LankaBUSINESS Commercial Banking Entirely Based on Sharia PrinciplesREGISTERED ADDRESS No. 486, Galle Road, Colombo 3COMPANY SECRETARY Mrs. S. Dayani de SilvaEXTERNAL AUDITORS Messrs Ernst & Young Chartered Accountants No. 201, De Saram Place Colombo 10EXTERNAL LAWYERS Messrs F J & G de Saram Attorneys-at-Law 216, De Saram Place Colombo 10SWIFT CODE AMNALKLXFITCH RATINGS BB+(lka) Stable Outlook as of June 2020

Corporate Information

Call 011 7 756 756

www.amanabank.lk

corporate profile 2020 - amana bank · ash-sheikh ustad mohd nazri bin chik (vice chairman)...

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