DOHA: Amana Bank, Sri Lanka’s first full-fledged Islamic lender, rolled out its tailor-made investment products for Sri Lankan expatriates and potential foreign investors from Qatar.
A delegation of the bank’s top-level executives, led by Siddeeque Akbar, Vice President-Retail Banking & Marketing, made presentations on the bank’s innovative products at different meetings during the past few days.
“We are here to offer a newly-developed bundled package to Sri Lankan expats in Qatar. We are also offering attractive investment products to foreigners and Qataris”, The Peninsula newspaper in Qatar quoted Akbar as saying.
Amana Bank provides Sri Lankans in Qatar a fast, reliable and convenient mode of money transfer to their own account or their loved ones account at Amana Bank or account of any other Bank in Sri Lanka, in Sri Lankan currency or US Dollars.
“We will not only ensure the Srilankan’s working here are getting best value to their hard earned money when it reaches back homes… but want to see Amana Bank as their primary bank at home.”
Amana Bank Expat Gold is a platform designed exclusively, to cater to unique and diverse requirements of banking from abroad. With a dedicated relationship manager at their service, the bank offers both convenience and privacy to carry out all the banking requirements of the expats.
The customers can enjoy access to a variety of financing solutions including Home Financing with priority processing and preferred pricing to make your dreams back home come true.
Being away from family, the biggest concern of expatriates is to ensure timely support and care towards them.
Amana Bank offers a caring and dedicated financial partner back home to look into their finances and needs as if they are personally attending to it. The bank’s personal foreign currency accounts can save incomes in USD, GBP or any other available foreign currencies and enjoy on attractive profits share. Sri Lankan expatriates in Qatar can benefit from a preferred exchange rate during remittances and encashments, he said.
To be an exclusive member of Amana Bank Expat Gold and enjoy the privilege of membership, all you need is to maintain a deposit in excess of USD10,000 or equivalent in local currency or any other designated currency.
Akbar said the bank offers attractive dollar-terms deposit schemes for Qataris and other foreign nationals. Against the dollar investments, Amana Bank is able to pay much better premium than what they enjoy in this part of the world.
“For example our last paid dollar returns are 4 percent plus, which is quite relatively higher than in this region. The Sri Lankan exchange regulations allow a free flow of dollar deposits from foreign investors who can repatriate their funds without any restrictions”, he said.
Akbar said the bank is exploring potential partnership opportunities with some Islamic banks in Qatar. “Yes, we held several rounds of discussions with some potential partners. It’s too early to disclose the details,” he said. Amana Bank has also lined up a series of investment roadshows in the GCC region.
