Amana Bank

What Amana Bank does

Amana Bank PLC is a Licensed Commercial Bank headquartered in Colombo, Sri Lanka, and is the first and only licensed commercial bank in the country operating exclusively on Islamic Banking principles under Central Bank of Sri Lanka supervision. Established in 1997, the bank serves individuals, small and medium enterprises, expatriates, women, senior citizens, children, and high-net-worth customers through a segmented product architecture spanning Sharia-compliant financing (home, vehicle, education, business, solar, and emergency cash), profit-sharing savings and term investment accounts (including FCY variants), current accounts, and trade/treasury services. Revenue is generated through net financing income from Islamic asset financing, profit-sharing returns under Mudaraba/Musharaka models on investment pools, fee-based services (transactions, cards, remittances), and trade finance commissions.

The bank operates a multi-channel distribution platform combining a physical branch network, 45+ Self Banking Centres (with continued expansion into secondary cities such as Balangoda and Delthota in 2026), mobile banking apps on iOS and Android, internet banking, WhatsApp banking, and digital onboarding via Amana Bank Connect. Technology infrastructure is integrated with Visa and LankaPay for domestic ATM access (3,800+ ATMs) and global Visa acceptance (2M+ ATMs in 200+ countries), alongside remittance partnerships with Western Union, Lanka Money Transfer, Al Zaman Exchange, Ceylon Exchange, Lulu Exchange, Kookmin Bank, and Maldives Islamic Bank.

The business model is subscription/recurring on the deposit side (with profit-sharing ratios ranging from 30-90% to customers based on tenure and account type) and transaction-fee-based on the trade and remittance side. As of FY2025, the bank reported earnings of Rs.2.48 billion (+40% YoY), Q4 2025 net financing income of Rs.2.23 billion (+28% YoY), customer advances growth of 33.2%, and a net financing margin of 4.30%. The bank holds a Fitch Rating of BBB-(lka) Stable Outlook and an LRA Rating of BBB+ Stable Outlook, and trades publicly on the Colombo Stock Exchange.

Name

Amana Bank

Legal name

Amãna Bank PLC

Website

https://amanabank.lk

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Amana Bank PLC is Sri Lanka's first and only Licensed Commercial Bank operating exclusively on Islamic Banking principles, offering Sharia-compliant financing, savings, investments, and trade services to retail, SME, and expatriate customers via branches, 45+ Self Banking Centres, and digital channels.

Ownership category

akta.pro rank

Product category

Islamic Retail and Commercial Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Islamic SME & Commercial Banking (FSABAGAB)

akta.pro secondary industries

Islamic Corporate Banking (FSABAGAC), Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH), Islamic Treasury, Liquidity & Interbank (Commodity Murabaha, Sukuk Liquidity) (FSABAGAK)

Keywords

• Islamic banking services
• Sharia-compliant financing
• Retail banking
• Commercial banking
• Digital banking

Headquarters

HQ city

Colombo

HQ country

Sri Lanka

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Financing Income: Income from Islamic financing products including home finance, vehicle financing, business financing, and personal asset financing under profit-sharing arrangements
2. Investment Account Profits: Profit-sharing returns to depositors based on bank's investment pool performance - operates as Mudaraba/Musharaka model where depositors share profits
3. Fee-Based Services: Transaction fees, service charges, trade services, treasury services, remittance fees, and card-related charges
4. Trade Finance: Import/export facilitation, guarantees, and trade-related services for business customers

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels6 records

Core offering

Amãna Bank PLC is a Licensed Commercial Bank in Sri Lanka operating exclusively on Islamic Banking principles, providing Sharia-compliant financial products and services to individuals and businesses. Its core offerings span personal and business financing (home, vehicle, education, solar, working capital, leasing, trade finance), savings and investment accounts (profit-sharing Mudaraba/Musharaka-based), current accounts, Visa debit cards, and digital banking channels (mobile app, internet banking, WhatsApp banking, digital onboarding).

Product overview

Amana Bank is an Islamic banking institution in Sri Lanka offering a comprehensive suite of Sharia-compliant financial products. The bank operates a platform-plus-products architecture with three main pillars: Financing Products (including Home Finance, Vehicle/Bike Financing, Apartment Financing, Education Financing, Solar Financing, and Emergency Cash), Savings & Investment Products (including various savings accounts like LKR, FCY, Ladies, Senior Citizen, Pension Saver, and term investments in LKR and FCY), and Transaction Banking (Current Accounts, VISA Debit Cards, Digital Banking platforms). The bank also provides personalized banking tiers (Prestige, Vantage, Expat Gold, BusinessPlus) and digital services including Online Banking, Mobile Banking (iOS/Android), WhatsApp Banking, and Digital Onboarding. Business services include Trade Services, Treasury/Forex Services, and Working Capital financing.

Differentiator

Problem solved

Functional benefit

Brands

• Prestige: Personalized premium banking service with dedicated hotline and exclusive benefits.
• Vantage
• Expat Gold
• BusinessPlus
• Amana Kids
• Amana Teen Savings

Products and services

• Home Finance Sharia-compliant Islamic home financing where the bank partners with customers in buying/building homes, allowing them to buy back the bank's share over time while renting the bank's portion. Targeted at individual homeowners and families.
• Vehicle Financing Sharia-compliant vehicle leasing solution (Ijara) where the bank purchases the vehicle and leases it to the customer, with ownership transferred at the end of the rental period. For individual vehicle buyers.
• Bike Financing Motor bike and scooter financing solution enabling customers to purchase two-wheelers through Islamic financing principles.
• Apartment Financing Financing solution for purchasing apartments in city areas, offering an alternative to land purchase and self-construction. For individual apartment buyers.
• Easy Payment Plan Personal asset financing facility allowing customers to purchase furniture, household or personal appliances through installment plans.
• Education Financing Higher studies financing solution helping customers pursue educational goals through Islamic banking principles. For students and parents.
• Solar Financing Green financing solution for solar panel installation, allowing customers to redirect electricity bill savings to meet facility installments.
• Travel Financing Islamic financing solution for travel expenses, enabling customers to fund travel needs through Sharia-compliant arrangements.
• Emergency Cash Quick financing solution using 22 karat Gold Safekeeping Certificate as collateral, providing up to Rs 65,600 for emergency cash needs.
• Women Entrepreneur Financing Specialized financing product designed to support women entrepreneurs in achieving their business goals and strengthening family finances.
• Speed Draft (Ijara Speed Draft) Sharia-compliant vehicle financing under Ijara concept where the bank purchases the vehicle and leases it to the customer, with ownership transferred at end of period.
• Import/Local Purchase Financing Sharia-compliant business financing facility for import and local purchase transactions. For business customers.
• Working Capital Financing Sharia-compliant working capital financing solution for businesses to manage day-to-day operations and cash flow.
• Asset/Property Financing Sharia-compliant business financing for asset and property acquisition.
• Term Financing Sharia-compliant term financing facility for business customers with fixed repayment schedules.
• Investment Financing Sharia-compliant investment financing solution for business expansion and new project funding.
• Business Leasing Sharia-compliant leasing facility for businesses to acquire equipment, machinery, and vehicles.
• LKR Savings Account Profit-sharing savings account based on Sharia principles (Mudaraba) where depositors receive a share of profits from the bank's investment pool. Current rate 3.18% p.a. with 30% customer / 70% bank profit-sharing ratio.
• FCY Savings Account Foreign currency savings account allowing customers to grow and secure foreign currency earnings through Sharia-compliant profit-sharing.
• Salary Savings Account Savings account with benefits for customers who have their monthly salary transferred to Amana Bank, earning profit on monthly income.
• Amana Kids Children's savings account with 60% customer / 40% bank profit-sharing ratio, helping parents provide financial foundation and teach children financial responsibility.
• Teen Savings Savings account designed for teenagers launched on National Teenagers Day, helping young people develop savings habits.
• Ladies Savings Account Specialized savings account for women with 35% customer / 65% bank profit-sharing ratio, supporting financial freedom for mothers, wives, professionals, and entrepreneurs.
• Senior Citizen Savings Account Savings account for retirees offering 40% customer / 60% bank profit-sharing ratio with added convenience and benefits for retirement management.
• Amana Savings Plan Target savings scheme allowing customers to reach a desired savings amount by a specified time period, developing disciplined saving habits.
• Amana Pension Saver Specialized savings account for pensioners with 40% customer / 60% bank profit-sharing ratio and exclusive privileges including free Visa Debit Card and priority branch services.
• LKR Term Investment Profit-sharing term investment account offering competitive rates based on investment pool performance, available in tenures from 3 months to 5 years with customer share ratios up to 90% (5-year maturity).
• FCY Term Investment Foreign currency term investment account based on profit sharing principles for customers with foreign currency holdings.
• Flexi Term Investment Hybrid account combining features of savings and term investment accounts for flexible savings management with better returns.
• FCY Flexi Term Investment Foreign currency flexi term investment combining savings and term investment features for FCY holders.
• My Future Term Investment for Children Term investment account exclusively designed for children, offering parents a way to secure children's financial future with bulk investment options.
• LKR Current Account Transactional current account offering convenience and speedy service with personalized cheque book, statements, and VISA Debit Card access for personal customers.
• Ladies Current Account Exclusive transactional account for women entrepreneurs with free VISA Debit Card and internet/mobile banking access.
• Business Current Account Transactional current account for business customers with banking services tailored to commercial operational needs.
• Prestige Banking Premium personalized banking service offering exceptional attention and unparalleled service for high-net-worth customers, with dedicated hotline (+94 11 775 6222).
• Vantage Banking Premium banking tier with dedicated hotline (+94 117 756 789) and exclusive services for valued customers.
• Expat Gold Banking Specialized banking services for expatriates with dedicated hotline (+94 11 7 756 757) and international banking facilities.
• BusinessPlus Relationship banking service for business customers offering personalized attention and comprehensive business banking solutions.
• Online Banking Internet banking platform providing online access to deposit and advance accounts, fund transfers, bill payments, and account management for personal and corporate customers.
• Mobile Banking Smartphone banking application available on iOS and Android with biometric login, fund transfers, bill payments, and account opening capabilities.
• WhatsApp Banking Banking services delivered through WhatsApp messaging platform for convenient customer communication and basic transactions.
• Digital Onboarding (Amana Bank Connect) Online account opening facility allowing customers to register and open accounts remotely through Amana Bank Connect platform.
• VISA Debit Card Contactless Visa debit card enabling access to accounts from 3800+ ATMs locally through LankaPay and 2 million+ Visa ATMs globally in over 200 countries.
• Trade Services Trade facilitation services including import/export facilitation and guarantees for business customers.
• Treasury Services Foreign exchange services, correspondent banking relationships, nostro accounts, and exchange rate information for business customers.

Quantifiable outcome

• Q4 2025 earnings of Rs.873.74 million, up 33% year-on-year
• +4 more outcomes

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Feature2 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Western UnioncoreChannel Partner/ Reseller/ DistributorWestern Union international remittance services available at Amana Bank branches for inbound money transfers to Sri Lanka
• Lanka Money TransfercoreChannel Partner/ Reseller/ DistributorDomestic and international money transfer services through Lanka Money Transfer network
• Al Zaman ExchangeminorChannel Partner/ Reseller/ DistributorInternational remittance services through Al Zaman Exchange
• Ceylon ExchangeminorChannel Partner/ Reseller/ DistributorInternational remittance services through Ceylon Exchange network
• Lulu ExchangeminorChannel Partner/ Reseller/ DistributorInternational remittance services through Lulu Exchange
• Kookmin BankminorChannel Partner/ Reseller/ DistributorCross-border banking partnership with Kookmin Bank for international services
• Maldives Islamic BankminorChannel Partner/ Reseller/ DistributorIslamic banking partnership with Maldives Islamic Bank for regional Islamic banking connectivity
• VisacoreTechnology or IntegrationVisa debit card partnership enabling access to over 2 million Visa-enabled ATMs globally and point-of-sale transactions through LankaPay network of 3800+ ATMs
• LankaPaycoreTechnology or IntegrationLocal ATM network partnership with LankaPay for domestic ATM access across Sri Lanka
• Central Bank of Sri LankacoreOthersRegulatory oversight and supervision as Licensed Commercial Bank operating under Islamic Banking principles
• Fitch RatingscoreOthersCredit rating agency providing BBB-(lka) Stable Outlook rating for Amana Bank PLC (PB 3618 PQ)

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Bank Islam Malaysia Berhad: Malaysia's first and a major full-fledged Islamic commercial bank, offering the same Sharia-compliant retail financing, savings/investment and trade services mix that Amana Bank targets, with a comparable multi-tier and multi-channel model.
• Bank Nizwa: Oman's first and only full-fledged Islamic bank, operating as a niche Sharia-only commercial bank in a market dominated by conventional banks. Direct structural analogue to Amana Bank's first-mover Islamic licence position in Sri Lanka.
• Meezan Bank: Pakistan's leading Islamic commercial bank, operating full Sharia-compliant retail, SME and corporate banking. Closest comparable to Amana Bank in product scope, scale tier and emerging-market Islamic commercial banking model.
• Bank Muamalat Malaysia Berhad: A Malaysia-based Islamic commercial bank with a similar Mudaraba/Musharaka retail and SME product architecture. Provides a useful peer benchmark for Islamic-bank product economics and operating leverage.

Broad incumbents

• Qatar Islamic Bank (QIB): Qatar's largest Islamic bank, with a full retail, SME, corporate and treasury Sharia-compliant product set and strong digital adoption. Comparable for premium/relationship banking tiering and Islamic corporate finance.
• Dubai Islamic Bank: The world's first Islamic bank and a major regional Islamic commercial franchise. Relevant as a benchmark for Islamic product governance, corporate banking capabilities and digital banking maturity that Amana Bank aspires to.
• Bank Syariah Indonesia (BSI): Indonesia's largest Islamic bank, offering a comprehensive Sharia-compliant product suite across retail, SME and corporate. Larger and broader than Amana Bank, but useful as a regional Islamic banking comparable for product breadth and digital strategy.
• Al Rajhi Bank: The world's largest Islamic bank by assets, with extensive retail, SME and corporate Sharia-compliant offerings. Useful as a global benchmark for Islamic product economics and digital Islamic banking at scale.

Others

• Hatton National Bank (HNB): One of Sri Lanka's largest private banks with broad retail, SME and corporate offerings including Islamic banking products. Provides a domestic reference point for competitive dynamics Amana Bank faces in the local market.
• Commercial Bank of Ceylon: Sri Lanka's largest private commercial bank and Amana Bank's principal domestic conventional competitor. Relevant for benchmarking branch economics, digital banking expectations and SME/corporate banking competition within Sri Lanka.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/amanabanklk
• YouTubeyoutube.com/channel/UC2jAa39qBmxKo02NCzT9iIA
• Facebookfacebook.com/amanabank
• LinkedInlinkedin.com/company/amana-bank
• Instagraminstagram.com/amana_bank.lk
• TikToktiktok.com/@amana.bank.lk

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Amana Bank