Amana Investments goes to Akkaraipattu

by Ruzaik Farook, Colpetty Correspondent

Amana Investments expanded its network in the Eastern Province by opening a new branch in Akkaraipattu recently.

The new branch at Main Street, Akkaraipattu provides residents and business houses convenient access and takes the number of Amana’s branches in the Eastern Province to five and the total number of branches countrywide to 14.

Amana’s Head of Operations, Sahib Quvylidh, said “we are pleased to open this branch and provide our innovative range of financial products and services to the people of Akkaraipattu and enable them to experience the profit and loss sharing mode of investment and financing.”

He said that Amana’s intention in opening this additional branch in the region was to coincide with the country’s rapid development plans in the Eastern Province.

“We were the first Sharia-based financial institution to enter the East and we are now expanding our presence and participation in the growth and development of this province,” he said. He outlined Amana’s strengths and ability in providing Sharia-compliant financial solutions supported by its history of over 11 years.

He said the profit and loss sharing concept of business had enabled many people in this region to invest their monies with Amana which otherwise may not have come into formal circulation.

“We ensure all who deal with us good governance and absolute Shari’ah-compliant products and services through a committed Board of Directors, experienced top management and a competent team of Shari’ah scholars.

The new Akkaraipattu Branch Manager, Mohamed Hanas, also spoke.