Banking and Insurance
Amãna Bank is the first and only licensed commercial bank in Sri Lanka to conduct all its operations under the principles of Islamic banking. Akbar Brothers is the principal shareholder in this venture, together with Bank Islam Malaysia, the Islamic Development Bank of Saudi Arabia and AB Bank, Bangladesh. The bank now has 24 strategically-located branches, while ambitious growth plans are being implemented to offer still wider reach and greater customer convenience.
Amãna Takaful, an insurance company operating under Islamic principles, was incorporated in 1999 with technical collaboration from Takaful Malaysia. Listed on the Colombo Stock Exchange since 2006, Amãna Takaful has expanded its geographical footprint through 22 branches in Sri Lanka and one in the Republic of Maldives. In 2011, the latter was incorporated as a separate company listed on the Maldivian Stock Exchange.