Amana Bank PLC
Amãna Bank PLC operates in Sri Lanka. It offers exclusively branded products across multiple service categories. These categories include Retail, Business, Investment, Treasury, Digital, and Remittance.
Retail Banking and Digital Services
The Amãna Savings Account utilizes a Mudharaba profit-sharing ratio of 40:60. This profit is paid monthly. A minimum opening deposit of LKR 2,500 is required. The Amãna Current Account offers a Quard-based tawarruq overdraft facility. It also provides free unlimited local inter-bank transfers.
Amãna Bank Kids is a savings account with tiered profit-sharing. Balances under LKR 50,000 receive a higher rate. There is no minimum balance penalty. The Gold Safekeeping Facility allows pledging up to 22-karat jewellery. It has an automatic cash collateral limit up to LKR 65,600.
The Visa Debit Card (Amãna Bank) features EMV-chip and contactless technology. It offers LankaPay and Visa network access, covering over 3,800 local ATMs. Doorstep Banking provides real-time teller-initiated deposits at customer locations. It integrates cheque clearing, completing by T+1.
Internet Banking (Amãna iBank) uses two-factor authentication via TOTP and SMS OTP. It supports funds transfers via IBAN, mobile top-ups, and bill payments. Mobile Banking (Amãna mBank) features an encrypted HTTPS API. It allows fingerprint or Face ID login on iOS and Android devices. Emergency Cash is a gold-backed advance up to LKR 65,600. It offers auto-liquidation upon card spend or deposit. The Easy Payment Plan provides Murabaha-based asset-purchase financing. Tenor extends up to 60 months for government employees.
Business and Investment Solutions
The Amãna Business Current Account provides a Quard-principle overdraft up to a pre-approved limit. It includes free inter-bank bulk ACH credits. Murabaha Financing offers local or import Murabaha with a fixed mark-up. It includes deferred payment scheduling with a fixed settlement date. Tijarah Financing involves purchase and agency sale of finished goods. It supports pre-shipment and post-shipment facility conversion. Istisna Financing uses a contractor-to-bank manufacturing sale contract. Disbursement schedules are triggered by delivery.
Diminishing Musharaka defines the equity ratio at inception. The customer gradually acquires the bank's share via periodic purchases. Ijara (Leasing) finances up to 100% of asset value. Rentals commence upon asset commissioning. Import Letters of Credit are irrevocable LCs, using MT700 messaging. Negotiation and payment occur via Import Murabaha. Export Letters of Credit are Usance LCs with Sharia-compliant discounting. They allow post-shipment Tijarah conversion.
Bank Guarantees involve standby guarantee issuance. They support auto-confirmation via SWIFT MT760. Documentary Collections are cheque-based under Collection Murabaha. A certificate of shipment is required. The Treasury Profit-Rate Swap is a fixed versus floating profit-rate hedge. It uses ISDA-based documentation. A Forward Rate Agreement enables forward profit-rate locking. It features single settlement netting. Relationship (Private) Banking assigns a dedicated Relationship Manager. It offers customized Sharia planning and structuring.
Amãna Fixed Deposit is a Mudaraba-based fixed tenor investment, ranging from 3 to 24 months. Early withdrawal is possible with a diminished profit share. The Profit-Sharing Investment Account links to pooled fund performance, with quarterly payouts. It has no lock-in period and offers daily liquidity. Structured Investment Plan (SIP) involves auto-debit monthly contributions. It allocates funds to Sharia-compliant equity and bonds. Islamic Unit Trusts are collective investment schemes via AMANA Asset Management. They feature Sharia screening with an annual audit. Private Investment Portfolio offers discretionary portfolio management. It selects Sharia-compliant stocks and sukuks.
Specialized Digital and Unique Offerings
Amãna Remit supports SWIFT-based inward and outward remittances. It integrates trilingual WhatsApp for status updates. FAST Pay (QR-scan) enables real-time LankaPay QR payments. These payments directly debit an Amãna account. API Banking provides HTTPS REST endpoints for corporate digital services. It uses JSON payload with HMAC SHA-256 signing. The Bulk Payment Gateway facilitates B2B payroll via Sri Lanka Interbank ACH. It offers daily reconciliation via CSV download.
The bank employs unique technologies. Trilingual WhatsApp Banking offers integrated Sinhala, Tamil, and English chatbots for 24x7 query handling. Gold-Backed Emergency Cash provides an on-card line of credit. This is collateralized by pledged 22-karat jewellery, unique in Sri Lanka. An Easy Payment Plan Calculator and Online Application are embedded in Internet Banking. They offer real-time tenor and instalment simulation.