Multiple wins for Amãna Takaful at IFFSA Islamic Finance Awards

7 November 2018


Sri-Lankan member of ICMIF, Amãna Takaful, received multiple honours at the prestigious Islamic Finance Forum of South Asia (IFFSA) Awards, held recently in Colombo.

Amãna Takaful PLC (ATL) won the ‘Gold’ award for the ‘Takaful Entity of the Year’ category, while its off-shore subsidiary in the Maldives, Amana Takaful Maldives, won the ‘Silver’ award in the same category. The Sri-Lankan insurer also secured the ‘Silver’ award for the ‘Entity of the Year’ in the South Asia region.

In addition, Amãna Takaful won ‘Gold’ in the ‘Product of the Year’ category for their innovative insurance scheme ‘Kiri Govi Sathkara’. The ‘Kiri Govi Sathkara’ cover is designed to provide relief to the critical issues faced by Sri Lankan dairy farmers. The cover includes a life-insurance component for the farmer, which provides cover in the case of accidental or natural death of their cattle.

The event recognised the contributions made by individuals and organisations to the Islamic banking and finance industry in South Asia. The IFFSA Awards recognise excellence in the industry and give special consideration to institutions demonstrating outstanding performance, innovation, use of technology and contribution to society.

The ceremony was held at the close of the third IFFSA forum, which included delegates from India, Pakistan, Bangladesh, Maldives and Sri Lanka. Accolades were awarded in multiple categories, and nominees were selected after a thorough audit and evaluation process conducted by an eminent panel of judges.

Commenting on these accolades, Fazal Ghaffoor, CEO, Amãna Takaful PLC, stated: “We are honoured to be adjudged Gold winners in the ‘Takaful Entity of the Year’ category and equally, winning Silver for ‘Entity of the Year’ in the South Asian Region. We are also delighted to win the Gold Award for ‘Kiri Govi Sathkara’ in the ‘Product of the Year’ category. At ATL we strive to provide the best services and products to our customers and stakeholders, profitably and productively. I’d like to dedicate these achievements to our customers who have steadfastly reposed their confidence in ATL. As the pioneer and the only fully-fledged Takaful operator in Sri Lanka, these accolades are a true testament to the stability, growth and acceptance of the Takaful way of risk management that we bring to the financial services industry in the country.”

For 20 years ATL has been the flag bearer of the Takaful way of insurance in Sri Lanka, catering to all segments. The Takaful way of insurance operates on the concept of bringing people together in a spirit of solidarity and mutual trust.

Since its inception, ATL has been successful in establishing a strong position for the concept of Takaful amidst competition from established conventional players. As the pioneer Takaful provider, ATL operates 38 branches and is set to expand further to better serve customers across the country. ATL continuously reaches out to customers from all segments of society and offers innovative and state-of-the-art insurance products that are convenient, affordable and reliable. As part of its commitment to remain ‘open to all’, ATL reaches out to all communities through a multi-ethnic team across its network.

Photo source: Mirror Business, Sri Lanka

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