Industry Analysis

Amana Bank Declares Record Dividend for Seventh Straight Year

Amana Bank has declared its seventh consecutive annual dividend, marking its highest payout to date, totaling Rs. 661 million. This represents a significant doubling of the dividend compared to 2023. The bank announced an Interim Cash Dividend of Rs. 1.20 per share to its shareholders, with a total of 551,125,746 ordinary shares issued as of

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Business

Amana Bank Appoints Siddeeque Akbar as President of AAFI

Amana Bank has made a significant announcement regarding the appointment of Siddeeque Akbar, its Vice President of Retail Banking & Marketing, as the President of the Association of Alternative Financial Institutions (AAFI). This appointment, which took place during the Association’s recent Annual General Meeting, reflects Siddeeque’s leadership and expertise within the non-interest-based Islamic Banking sector,

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Business

Amana Bank Partners with University of Colombo for World Water Day Commemoration

Students engaged with poster drawing competition at faculty premises  Amana Bank joined forces with the Environment Committee of the Faculty of Arts at the University of Colombo to observe World Water Day, promoting awareness about water conservation and sustainable practices. As part of the global theme ‘Water for Peace,’ the University organized a poster competition

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