A memorandum of understanding has been signed between Amana Bank Sri Lanka and TAIF Digital Institute FZ LLC for strategic collaboration in various aspects of digital learning solutions through the establishment of a Regional Digital Academy.
The understanding was established between Chief Executive Officer of Amana Bank Sri Lanka Mr. Mohamed Azmeer and Chief Executive Officer of TAIF Digital Institute Mr. Muhammad Ziaullah Siddiqui, concurrently in Colombo, Sri Lanka and Dubai, UAE recently .
This partnership will facilitate collaboration between the two institutions to promote and develop digital learning solutions to facilitate dissemination of knowledge of Islamic finance digitally, undertaking research and capacity building and conducting various digital courses together. Talking on the occasion Mr. Mohamed Azmeer the CEO of Amana Bank Sri Lanka mentioned: “We at Amãna Bank strongly believe that bridging the knowledge gap and ensuring clear understanding on the values and benefits of Islamic banking is a critical ingredient to propel the acceptance and growth of the model across the world. Being the pioneer for Islamic Finance in Sri Lanka, we took onus upon ourselves and established a dedicated Knowledge Marketing Division, to serve this purpose. As a result we have succeeded in launching a series of informative animated videos and a series of publics seminars to help the public understand and discover the true essence of Islamic Banking and Finance. Encouraged by the success through such initiatives, we are now taking one step further in our cause by establishing a dedicated digital learning academy in partnership with TAIF Digital Institute. We are confident that the experience and technical strength of TAIF Digital Institute, will complement our knowledge and expertise to facilitate effective learning for the benefit of both local and global audiences, who are keen to further their knowledge in this ever expanding industry and become ambassadors of it.”
Talking on the occasion Muhammad Ziaullah Siddiqui, CEO of TAIF Digital Institute said: “We are excited and honored to announce this collaboration with Amana Bank Sri Lanka – who are an outstanding name in the Islamic finance Industry .We thank Amana Bank for the trust shown on us .This collaboration is completely aligned to our mission to be the leader in digital learning delivery and facilitation .We are sure the combination of the knowledge base of Amana Bank Sri Lanka and the digital technical expertise of TAIF will help us take the message of Islamic finance to the masses. We are looking forward for a successful collaboration.’’
About Amana Bank Sri Lanka : Amana Bank Sri Lanka is the first and only Licensed Commercial Bank in Sri Lanka to conduct all its operations under the principles of Islamic banking and be fully disengaged from interest based transactions, offering the full spectrum of Retail Banking, SME Banking, Corporate Banking, Treasury and Trade Finance Services.
Amãna Bank PLC is a stand-alone institution licensed by the Central Bank of Sri Lanka and listed on the Colombo Stock Exchange with Jeddah based IsDB Group being the principal shareholder having a 29.97% stake of the Bank.
Amãna Bank was recognized as the Best ‘Up-and-Comer’ Islamic Bank of the World by ‘Global Finance Magazine’ at the 18th Annual World’s Best Banks Award Ceremony held in Washington DC, USA. The Bank was also bestowed the coveted title ‘Islamic Finance Entity of the Year’ at the inaugural Islamic Finance Forum of South Asia Awards Ceremony
About TAIF Digital Institute FZ LLC: TAIF Digital institute is a UAE based company with Technology R&D support based in Canada. TAIF is committed to delivering a world-class learning experience, especially for Islamic Finance to individual knowledge seekers and Islamic Financial Institutions by offering fully digital learnings using advanced Artificial Intelligence (AI) algorithms which produce immersive and unforgettable learning experience. It aims to be a market leader in Islamic Finance Learning delivery and facilitation.
© Press Release 2021
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