Annual Report as at 31st December 2025

1

Amãna Bank PLC Annual Report 2025

INTERWOVEN FOR

IMPACT

Amãna Bank PLC | Annual Report 2025

INTERWOVEN FOR

IMPACT

Impact is not created in isolation. It is shaped through our culture, interwoven across every connection — between the values we believe in and our actions, between our unique model and our people who uphold it, between the profit we envisage and the fairness we ensure, and between the growth we pursue and the responsibility we undertake. Like threads in a finely woven pattern, each element gains strength when brought together, forming something resilient, meaningful, and enduring.

At Amãna Bank, creating impact lies at the heart of our unique non-interest based banking model. It is a model designed not merely to finance, but to empower — one that is development-focused, people-friendly, and grounded in ethical principles. Every financing solution we offer, every relationship we nurture, and every decision we make is guided by our

commitment to fairness, shared prosperity, and long-term value creation.

Our approach ensures that growth is inclusive and responsible. By aligning our financial solutions with real economic activity and the wellbeing of our customers, we enable individuals, businesses, and communities to progress with confidence and dignity. This is how we bring our mission of enabling growth and enriching lives to life — not just as a statement, but as the measurable and lasting impact we create.

As we continue to grow, these interwoven connections become stronger — fortified by trust, guided by purpose, and driven by a shared vision for a better future.

Because… when creating impact is inherently built into every thread of what we do, progress becomes not only sustainable, but truly transformative for generations to come.

Chairman’s Message

About Amãna Bank PLC

About The Report 4

Our Journey 8

Board of Directors 10

Independent Sharia Supervisory Council 22

Profiles of Strategic Shareholders 24

Management Committee 26

Vice Presidents and Assistant Vice Presidents 28

Senior Managers 29

2024 at a Glance

Financial Highlights 32

Non-Financial Highlights 34

Contribution to National Development 35

Leadership Reviews

Chairman’s Message eWsma*a=*kªfnª m‚ú€e jtprhsupd; mwpf;if

Managing Director/CEO’s Review

40

44

46

50

Strategy and Focus

Business Model Stakeholder Engagement Materiality

Strategic Commitments

SLFRS Sustainability Related Disclosure

56

58

64

68

69

Management Discussion and Analysis

Operating Environment Business Review

Business Banking Retail Banking

Treasury

75

79

79

82

84

Report on Sharia Supervision

86

Managing Director/CEO’s Review

Event Highlights 36

Capital Management Reports

Financial Capital 89

Manufactured Capital 93

Intellectual Capital 100

Human Capital 105

Natural Capital 114

Social & Relationship Capital 120

Capital Trade-Offs 130

Affairs of the Bank 194

Directors’ Interest in Contracts 200

Board Audit Committee Report 201

Board Integrated Risk Management Committee Report 204

Board Human Resources and Remuneration Committee Report 207

Board Nomination and Governance Committee Report 208

Board Related Party Transactions Review Committee Report 211

Statement of Directors’ Responsibility 213

Independent Sharia Supervisory Council Report 214

iajdëk YÍhd wëlaIK iNd jd¾adj 215

RahjPd ~upM Nkw;ghu;;;it rig mwpf;if 216

Sharia Governance Report 217

Risk Management Report 221

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Amãna Bank PLC Annual Report 2025

ABOUT THE REPORT

Welcome to the 4th Integrated Annual Report of

PLC

Amãna Bank

OVERVIEW

TARGET AUDIENCE

This report is intended to provide relevant and meaningful information to Amãna Bank’s stakeholders

encompassing shareholders, customers, employees, suppliers, business partners, regulators, and the wider community.

KEY IMPROVEMENTS CAPTURED IN THE 2025 REPORT

Inclusion of a comprehensive chapter illustrating alignment with Sustainability disclosures set out under SLFRS S1 & S2 -pages 69 to 73.

This report outlines the continuity of strategic initiatives undertaken by the Bank over the past few years, to drive sustainable growth, strengthen resilience, and create long-term value for stakeholders.

Consistent with the Bank’s commitment to transparency and continuous improvement, the report incorporates enhanced quantitative and qualitative

disclosures to depict both financial and nonfinancial outcomes, thus providing a more comprehensive and integrated view of Amãna Bank’s performance and progress for the year.

SCOPE AND BOUNDARY

The integrated report for 2025 covers the activities of Amãna Bank PLC for the period 1 January 2025 to 31 December 2025 which coincides with the Bank’s annual financial reporting period.

AMÃNA BANK’S INTEGRATED REPORTING PROCESS

Amãna Bank PLC’s Annual Report for 2025 has been prepared in alignment with the International Integrated Reporting Council’s Framework.

In keeping with the approach, the principle of Materiality forms the basis for the preparation of its integrated report. The 16 Material Topics applicable for the current report are shown in the Materiality section on page 64.

Likewise, the report also places strong emphasis on the connectivity of information, by providing greater clarity on the elements that contribute towards refining strategy,

risk, governance frameworks and optimising the deployment of resources across the six capitals, while taking into account the evolving external environment, including regulatory developments, market conditions,

and sustainability-related trends.

The report also presents a forward-looking perspective, outlining

the Bank’s short- and long-term strategic priorities to illustrate how stakeholder value will likely be created, preserved, and enhanced over time.

This integrated report can be accessed through the Bank’s website

5

Strategic Focus and Future Orientation

Organisational

overview and external environment

Governance

Strategy and

resource allocation

Future

outlook

Performance

Opportunities

and risks

Business

model

Materiality and Conciseness

The 7 Guiding Principles and 8 Content Elements from the IIRC (reproduced from the framework)

GUIDING PRINCIPLES CONTENT ELEMENTS

⬥ Strategic focus and future orientation: ⬥ Organisational overview and external Description of the strategy of the company environment: Description of the organisation and its relation to value creation and capitals. and the external environment (e.g.

⬥ Connectivity of information: Relates to the competition).

interrelatedness of the factors that affect ⬥ Governance: Description of the governance the organisation’s ability to create value over structure and its relation to value creation. time. ⬥ Business model: Description of the business

⬥ Stakeholder relationships: Description model with input, output and capitals included. of the key stakeholders, including how the ⬥ Risks and opportunities: Description of the stakeholder’s interests are taken into account. risks and opportunities and the risk mitigation

⬥ Materiality: Relates to the number of system.

disclosures about matters that affect the ⬥ Strategy and resource allocation: Description organisation’s ability to create value. of the concrete strategy of the company, both

⬥ Conciseness: Relates to the concise format of short-term and long-term focused.

the report. ⬥ Performance: Description of the results,

⬥ Reliability and completeness: Relates to the compared with targets, previous years and balanced, complete character of the report, capitals.

which should not include any material errors. ⬥ Outlook: Description of the future challenges in

⬥ Consistency and comparability: Relates relation to the company.

to the consistency and comparability of the ⬥ Basis of preparation and presentation:

information within the report. Description of the materiality determination process, reporting boundaries and frameworks used.

Connectivity of Information

Reliability and Completeness

Consistency and Comparability

Stakeholder Responsiveness

Amãna Bank PLC Annual Report 2025

STAKEHOLDERS

Shareholders / Regulators Customers

Investors

Employees

Community

STRATEGIC COMMITMENTS

Business

Growth

Efficient

Digital

Operations Transformation

People

Development

Sustainability

and Corporate Social Responsibility

CAPITALS

Financial Manufactured Intellectual

Capital Capital Capital

Human

Capital

Natural Social &

Capital Relationship Capital

6

Amãna Bank PLC Annual Report 2025

About The

Report

REPORTING FRAMEWORKS

Integrated Reporting (V)

Sustainability Reporting (V)

Financial Reporting (M)

Governance, Compliance and Risk Reporting (M)

M - Mandatory Requirements | V - Voluntary Adoption

ASSURANCE

Assurance over the contents of this Integrated Annual Report is derived through a combination of internal governance processes and independent external review. To that end, relevant information disclosed in the Report is first validated by the respective Members of the Management Committee and subsequently reviewed by the relevant Board Sub-Committees and/or the Board of Directors.

In addition, independent external assurance has been provided by the Bank’s External Auditors, Messrs. Ernst & Young, on the accuracy and completeness of the Financial Statements for the year ended 31 December 2025, as set out on pages 248 to 251.

FORWARD-LOOKING STATEMENTS

This Integrated Annual Report contains certain statements that may be regarded as forward-looking in nature. Such statements are based on the information available at the time of preparation and reflect the Bank’s current expectations, assumptions, and outlook on

future performance. However, actual outcomes may vary materially as a result of a range of

internal and external factors, including changes in economic conditions, regulatory developments, and market dynamics.

Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements, as they are subject to inherent uncertainties and risks. The Board of Directors of Amãna Bank PLC does not undertake any obligation to revise or update

such statements after the date of publication, whether as a result of new information, future events, or other developments.

The Board further confirms that there have been no restatements of information contained in prior Annual Reports of the Bank, unless otherwise stated, thereby ensuring the consistency, reliability, and integrity of the

financial and non-financial disclosures presented.

BOARD RESPONSIBILITY STATEMENT

The Board of Directors of Amãna Bank PLC is responsible for the accuracy, completeness, and integrity of this Integrated Annual Report. Having collectively reviewed the reporting process and the disclosures contained therein, the Board is satisfied that the Integrated Annual Report for 2025 has been prepared

in compliance with all applicable regulatory requirements and is aligned with globally recognised reporting best practices.

The Annual Report of the Board of Directors, presented on pages 194 to 199, includes a formal statement outlining the Directors’ responsibilities in relation to the preparation and presentation of the Annual Report.

FEEDBACK

In its endeavour to continuously improve the quality of its reports, the Bank welcomes feedback on the effectiveness of this report.

Any feedback and queries should be directed to:

The Company Secretary Company Secretarial Division Amãna Bank PLC

3rd Floor, No. 353, Galle Road, Colombo 3, Sri Lanka.

Tel: +94 11 7757400

(Weekdays between 9 am to 5 pm)

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Amãna Bank PLC Annual Report 2025

VISION

To be an admired leader in providing equitable financial

solutions, not limited to numerics, but also in earning the trust of our customers, employees, shareholders and country.

MISSION

To adopt a unique and people friendly approach in banking with

a passion for continuous improvement, enabling growth and enriching lives.

VALUES

⬥ We believe that you have a right to be treated fairly

⬥ We believe that one should not gain at the expense of another

⬥ We believe that being responsible and ethical is as important as making profits and gains

⬥ We believe that entrepreneurship should be encouraged and given a fair opportunity to succeed

⬥ We believe that the best of actions are the ones which create true happiness in people

⬥ We believe that you feel the same way we do

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Amãna Bank PLC Annual Report 2025

Our Journey

2013

Initial Public Offer (Listed in January 2014)

2015

Records Inaugural

Net Profit from Core Banking

2017

Successful Rights Issue with IsDB Group acquiring 29.97% stake

2020

Reaches LKR 100 Bn in Total Assets

2011

Commencement of Banking Operations

2018

Inaugural Dividend

Recognised as Fastest Growing Retail Bank in Sri Lanka

Payment which has since continued annually

2014

Recognised as the World’s Best Up-and-Coming Islamic Bank

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Amãna Bank PLC Annual Report 2025

2021

Ranked among the World’s Top 50 Strongest Islamic Banks (Asian Banker)

Achieves LKR 1 Bn in PBT

2023

Crosses LKR 20 Bn in Equity Capital through successful Rights Issue

Reaches LKR 150 Bn in Total Assets

Surpasses LKR 2 Bn in PBT and LKR 1 Bn in PAT

Customer locations increase to 60

2025

Crosses LKR 200 Bn in Total Assets and LKR 25 Bn in Equity

Advances surpass LKR 150 Bn

Reaches LKR 4 Bn in PBT and LKR 2.5 Bn in PAT

Recognised as Most Impactful ICD Investee Company at ISDB Private Sector Forum Awards

Recognised as Best Bank in

Sri Lanka by Indian Chamber of Commerce Emerging Asia Banking Awards (adudicated by PwC India)

2024

Fitch upgrades Amãna Bank’s National Long Term rating to an Investment Grade rating of BBB-(lka) with Stable Outlook

2022

Crosses LKR 100 Bn in Customer Deposits

Customer Deposits surpass LKR 150 Bn Customer Advances surpass LKR 100 Bn

Ranked among the World’s Top 25 Strongest Islamic Banks (Asian Banker)

10 Board of

Amãna Bank PLC Annual Report 2025

Directors

ALI ASGHAR (ASGI) AKBARALLY

Chairman, Non-Executive, Non-Independent Director

MOHAMMED ATAUR RAHMAN CHOWDHURY

Non-Executive, Non-Independent Director

MOHAMED ADAMALY, PC

Non-Executive, Independent Director

MOHAMED AZMEER

Managing Director/CEO

SYED MUHAMMED ASIM RAZA

Non-Executive, Non-Independent Director

MOHAMMAD HASSAN

Non-Executive, Non-Independent Director

KHAIRUL MUZAMEL PERERA BIN ABDULLAH

Non-Executive, Senior Independent Director

TISHAN SUBASINGHE

Non-Executive, Independent Director

DELVIN WILLIAM PEREIRA

Non-Executive, Independent Director

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Amãna Bank PLC Annual Report 2025

MOHAMED ZAHEER MOHAMED AZREEN

Non-Executive, Independent Director

PROF. DR. AISHATH MUNEEZA

Non-Executive, Independent Director

SENTHILVERL SENTHI NANDHANAN

Non-Executive, Non-Independent Director

S DAYANI DE SILVA

Company Secretary

MUSTAFA SATTAR KASSIM

Non-Executive, Non-Independent Director

Board of

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Amãna Bank PLC

Annual Report 2025

Directors

ALI ASGHAR (ASGI) AKBARALLY

Chairman

Non-Executive, Non-Independent Director

Date of Appointment

18 July 2020

Committee Membership

Member

⬥ Board Human Resources and Remuneration Committee

⬥ Board Nomination and Governance Committee

⬥ Board Credit Committee

Qualifications, Expertise and Experience Ali Asghar (Asgi) Akbarally is the Managing Director of Akbar Brothers (Pvt) Ltd, one of Sri Lanka’s largest diversified corporates, globally renowned for its tea exports. Asgi Akbarally holds directorship in multiple subsidiaries and affiliates of the Akbar Group covering sectors such as Manufacturing, Property Development, Hotels & Leisure, Power Generation, Packaging & Printing,

Logistics and Environmental Services. He is the Deputy Chairman of WindForce PLC, Chairman of Hermitage Resorts (Pvt) Ltd,

Uthurumaafaru Holding (Pvt) Ltd, Maldives, Laviyani Holdings (Pvt) Ltd and Cocoon Investments (Pvt) Ltd, Maldives. He also held a Director position at Alumex PLC.

Asgi Akbarally is currently the Honorary Consul of the Hashemite Kingdom of Jordon. He holds a BSc Degree in Industrial Engineering from the California State University and is a Fellow Member of the Institute of Certified Professional Managers. A classic car enthusiast, Asgi Akbarally has authored a coffee table book on “Classic and Vintage Automobiles of Ceylon” and is the Patron of the Classic Car Club of Ceylon.

Other Current Directorships - 17 Companies Unlisted Companies

Executive Capacity

⬥ Akbar Brothers (Private) Limited

⬥ Akbar Brothers Exports (Private) Limited

⬥ Falcon Trading (Private) Limited

⬥ Falcon Development (Private) Limited

⬥ Chadstone Holdings (Private) Limited

⬥ Quick Tea (Private) Limited

Non-Executive Capacity

⬥ Laviyani Holdings (Pvt) Ltd

⬥ Hermitage Resorts (Private) Limited

⬥ Uthurumaafaru Holdings (Pvt) Limited -Maldives

⬥ Flexi Print (Private) Limited

⬥ Stella Plastic (India) (Pvt) Limited

⬥ Kassanfaru One (Pvt) Limited, Maldives

⬥ AB Lagoon (Pvt) Limited, Maldives

⬥ Joy Resorts (Pvt) Limited, Maldives

⬥ Cocoon Investments (Pvt) Limited

⬥ Land and Building Limited

Listed Companies

Executive Capacity

⬥ WindForce PLC

MOHAMED AZMEER

Managing Director/CEO

Date of Appointment

27 April 2022

Committee Membership

None

Qualifications, Expertise And Experience Mohamed Azmeer, Managing Director/CEO of Amāna Bank, is a seasoned banker with a career spanning over 40 years holding senior positions at leading financial institutions globally, including CitiBank, Al Rajhi Bank and Sharjah Islamic Bank.

Mohamed Azmeer took over the leadership of the Bank in June 2014. Prior to that,

as the Bank’s Chief Operating Officer, he was overseeing the business functions of the Bank’s Consumer, SME, Corporate and Treasury divisions. Before joining Amãna Bank, Azmeer had gained significant

exposure to conventional and Islamic banking throughout his illustrious career, both

locally and internationally, which spanned over 30 years. Having commenced a career in banking at Commercial Bank of Ceylon,

Azmeer’s leadership progression and banking intuitiveness was a result of his overseas experience, primarily at Citibank, UAE, where he had gained the unique experience of

both business and risk aspects of banking, having overseen such operations at senior levels. During such tenure, he also carried out many short overseas assignments to countries such as UK, India and Kenya, where he acquainted himself to the different dynamics and challenges specific to each business and region. At the culmination of his

career at Citibank he held the position of Vice President – Risk, for UAE and Oman.

Azmeer’s experience also includes ‘start-ups’ where he was a founder member of the erstwhile Dubai Bank which was established at the direction of the Dubai Government.

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Amãna Bank PLC Annual Report 2025

Azmeer’s journey towards Islamic banking was a result of him wanting to have this nascent but people friendly concept accepted and embraced by a wider audience. In the field of Islamic banking, Azmeer’s track record involved holding senior positions at Al-Rajhi Bank Saudi Arabia, the largest and leading Islamic Bank in the world and Sharjah Islamic Bank, a pioneering bank in UAE and the first Islamic bank in the world to fully convert its operations from being a conventional entity, in which he was an Executive Vice President.

Azmeer has served on the Boards of

Sri Lanka Banks’ Association (Guarantee) Ltd., LankaClear, the national payment and clearing association of Sri Lanka, and was the Chairman of the Financial Ombudsman Sri Lanka (Guarantee) Ltd. Azmeer holds a Master’s Degree in Business Administration from the University of Leicester, UK. Utilising his sound knowledge and wide experience, Azmeer has played a key role in guiding Amãna Bank towards the success it has reached thus far.

KHAIRUL MUZAMEL PERERA BIN ABDULLAH

Non-Executive, Senior Independent Director

Date of Appointment

8 June 2023

Senior Independent Director with effect from 23 January 2025

Committee Membership

Chairman

⬥ Board Integrated Risk Management Committee

Member

⬥ Board Nomination and Governance Committee

Qualifications, Expertise and Experience Khairul Muzamel Perera has over 35 years of banking related experience in Malaysia, including stints at a credit rating agency and a national asset management institution.

He retired from Bank Islam Malaysia Berhad (BIMB) in October 2022, having served

as the Group Chief Credit Officer (GCCO) overseeing the Credit Management Division at BIMB. His key function as the GCCO was to manage the asset quality of the bank which he undertook by overseeing the credit analysis function (pre-approval transactional credit), credit analytics (model development and maintenance – retail and non-retail)

the central financing processing function which handled the end-to-end processing and approval of all retail financing and the Valuation unit which oversees all collateral valuations in the Bank. He Chaired the Financing Committees and the Underwriting & Investment Committee in the Bank.

Arising from his involvement as the Banks representative in the Joint Committee for Climate risk management spearheaded by Bank Negara, he initiated the development of an Environmental Social and Governance

(ESG) Framework to introduce the assessment of Climate related risks in the credit risk

process in line with Bank Negara’s Climate Change Principles based taxonomy and set up an ESG unit in the Bank to oversee the

introduction of ESG risks and its impact on the Banks financing portfolio.

He is currently the Chairman (Independent) of the Investment Committee of BIMB Investment Management Berhad, a wholly owned Fund Management subsidiary of the Bank. A Chartered Company Secretary by profession, Khairul is an Associate Member of the Institute of Chartered Secretaries

& Administrators, London and a Chartered member of the Chartered Institute of Islamic finance professionals, Malaysia.

Board of

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Amãna Bank PLC

Annual Report 2025

Directors

MOHAMMED ATAUR RAHMAN CHOWDHURY

Non-Executive, Non-Independent Director

Date of Appointment

16 January 2018

Committee Membership

Member

⬥ Board Integrated Risk Management Committee

⬥ Board Human Resources and Remuneration Committee

⬥ Board Nomination and Governance Committee

Qualifications, Expertise and Experience Mr. Mohammed Ataur Rahman Chowdhury is a seasoned financial and strategic advisory specialist with over 25 years of experience across the Middle East, North Africa, West Africa, Central Asia, and Southeast Asia.

He has held senior roles spanning direct financing, investment banking, commercial banking, FI equities, board representation, and institutional turnarounds.

Since joining in 2007, Mr. Chowdhury has served as Acting Director, Equity

Department & Head of Banking Investments at the Business Solution Complex, Islamic Corporation for the Development of the Private Sector (ICD) - the private sector arm of the Islamic Development Bank (IsDB) Group. In this role, he provides strategic direction, advisory, and financial solutions to investees and partner institutions across banking,

Ijarah (leasing), mortgage financing, takaful, liquidity management, and investment company operations, supporting their journey to profitability and sustainability.

He led investment management, the establishment, and strategic development of over 30 institutions, including Islamic Financial Institutions, and currently manages an aggregate portfolio exceeding USD 350 million. At present, He spearheads several transformative initiatives, including the

creation of new Islamic banks (including spin-

offs), regional expansion, reverse linkage, Shariah-compliant quasi-equity, capital mobilisation, and climate-resilient impact investments in the private sector across ICD member countries. His leadership also drives financial channel strategies connecting Non-OIC countries, further enhancing ICD’s global reach and strategic impact.

A veteran board member, Mr. Chowdhury has a proven track record of transforming loss-making institutions into profitable organisations. He joined the Board of Taiba Finance in Uzbekistan in April 2022 and is currently leading its transformation into a full-fledged Islamic bank. He also represents ICD on the Board Risk Committee of the International Islamic Liquidity Management Corporation (IILM) in Malaysia, established by eight central banks to provide USD-denominated short-term liquidity solutions to the global financial sector. Previously,

he served as a Board member of Maldives

Islamic Bank Limited (2012–2022), playing a key role in its foundation, growth, and public listing. He has also served as Adviser,

Financial Institutions for the European Bank for Reconstruction and Development (EBRD) in London, UK, on secondment from ICD

Before ICD, Mr. Chowdhury spent seven years in Bangladesh’s financial sector, holding senior roles including Corporate Relationship Manager at Commercial Bank of Ceylon Limited (Bangladesh operations), Investment Manager at IPDC, the country’s first development financial institution, and Senior Investment Analyst at BRAC-EPL, a leading investment bank.

He holds an MBA in Finance from IE Business School, Spain, an MBA in Finance & Accounting from North South University, Bangladesh, and a Diploma in Board Certification of Company Direction from the Institute of Directors, United Kingdom.

Other Current Directorships – 1 Company

⬥ FC Taiba Leasing LLC, Uzbekistan

SYED MUHAMMED ASIM RAZA

Non-Executive, Non-Independent Director

Date of Appointment

20 October 2018

Committee Membership

None

Qualifications, Expertise and Experience Syed Muhammed Asim Raza has over thirty-eight years of diverse experience in the banking and engineering industries at the senior management level. He is well versed in all aspects of public and private sector projects and equity financing including identification, preparation, due diligence, implementation, and post implementation activities. He has vast experience in remedial asset management which involves the recovery of classified portfolio through restructuring, liquidation, and litigation activities. Currently attached to the Islamic Development Bank Group (IsDB), Mr. Raza

is involved in developing the enabling

environment for the trusts and endowments sector in OIC member and non-member countries; providing technical assistance for capacity building, regulatory and institutional development. He is deeply involved in the development of new endowments as well

as the establishment of commercial real estate projects on idle endowment land for transforming them into revenue generating asset. Currently, he is supervising the global projects portfolio of more than US$ 300 million. Prior to joining IsDB, Mr. Raza worked in Pakistan and served on various senior positions at different financial institutions. He served as Vice President at Muslim Commercial Bank and Vice President at Atlas Investment Bank Limited. He worked for twelve years with the National Development Finance Corporation, which was mandated for the development of infrastructure projects

in Pakistan. Mr. Raza holds a bachelor degree

in Mechanical Engineering and a Master in Business Administration. He is a member of various Engineering Councils and Institutes and has represented IsDB as a speaker at various prestigious forums and conferences.

15

Amãna Bank PLC Annual Report 2025

TISHAN SUBASINGHE

Non-Executive Independent Director

Date of Appointment

26 August 2020

Senior Independent Director (1 February 2024

to 23 January 2025)

Committee Membership

Chairman

⬥ Board Audit Committee

⬥ Board Related Party Transaction Review Committee

Qualifications, Expertise and Experience Tishan Subasinghe, is a Fellow and President of the Institute of Chartered Accountants

of Sri Lanka (CA Sri Lanka) and an Attorney-at-Law. He is the Managing Director

and Joint Managing Partner of Moore Consulting (Private) Limited and Moore Aiyar respectively. Before that he was the Head

of Audit and Assurance at BDO Partners. He was also the Chairman of Sanasa General Insurance Company Limited and resigned during 2025. He was also a Council Member of the University of Moratuwa for over five years. Tishan is an ex-officio member of

the Securities and Exchange Commission and an ex-officio board member of the Sri Lanka Accounting and Auditing Standards Monitoring Board. His profession also expanded overseas where he had work experience with PricewaterhouseCoopers (PwC) in New York, Philadelphia, Chicago, and Botswana spanning several years. As a member of CA Sri Lanka, Tishan has served as the Chairman of the Annual Report Awards Committee, National Conference Committee, and Examinations Committee. He also held the post of Vice President of the Young Chartered Accountants Forum (YCAF). Tishan is a Certified Information Systems Auditor (CISA-USA) and has an MBA in Finance from the University of Colombo with a Gold Medal and has earned an LLB (Hons.) degree from the Buckinghamshire

New University. He is also a visiting lecturer at

several Government Universities and has also conducted international training in Maldives

and Bhutan. He is a board member of the South Asian Federation of Accountants (SAFA) and the Confederation of Asian and Pacific Accountants (CAPA). He is also a Council member of the University of Moratuwa.

Other Current Directorships – 5 Companies Unlisted Companies

⬥ Moore Consulting (Private) Limited (Executive)

⬥ Moore Aiyar (Executive)

⬥ Moore LPO Services (Pvt.) Ltd (Executive)

Listed Companies

Non-Executive, Independent Capacity

⬥ Kapruka Holdings PLC

⬥ Samsons International PLC

MOHAMED ADAMALY, PC

Non-Executive, Independent Director

Date of Appointment

27 August 2020

Re-designated as Independent Director with effect from 6 May 2025

Committee Membership

Member

⬥ Board Credit Committee

Qualifications, Expertise and Experience

Mohamed Adamaly, President’s Counsel, is a leading legal professional in Sri Lanka

having a wide Civil Law practice in the Original Courts and Appellate Courts, with a focus on Commercial Law, Labour Law, Insurance Law, and Banking & Credit related laws. Adamaly also specialises in Investment Advisory, Business Set-up/Restructuring Services and Corporate Acquisitions. Adamaly graduated from the Faculty of Law University of Colombo with Honours while also achieving First Class Honours from the Sri Lanka

Law College before being admitted as an Attorney-at-law of the Supreme Court of Sri Lanka in 1994. He was elevated to President’s Counsel in 2024. Adamaly has served as a visiting lecturer at the University of Colombo and at the Sri Lanka Law College. He also holds a Postgraduate Diploma in Marketing from the Chartered Institute of Marketing (CIM UK) and is a leading lecturer for CIM and formerly for CIMA, in Sri Lanka. In view of

his combined legal, marketing and business expertise, Adamaly holds and has held directorships in several public and private companies including in the David Peiris Group, Bogala Graphite Lanka PLC, Assetline Leasing Company Limited and Sinwa Holdings Limited. Adamaly is also a leading thespian and cinema personality in the country and has received the National TOYP Award for his contribution to Drama and Literature.

Board of

16

Amãna Bank PLC

Annual Report 2025

Directors

Other Current Directorships – 11 Companies

Unlisted Companies

Executive Capacity

⬥ Synergy Plus (PTE) Limited

⬥ Palm Stone (Pvt) Limited

⬥ Soul Resorts (Pvt) Limited

⬥ Monad (Pvt) Limited

⬥ Monad Corporate Services (Pvt) Limited

⬥ S A Lanka (Pvt) Limited

⬥ Adamantium Investments (Pvt) Limited

Non-Executive, Non-Independent Capacity

⬥ Blue Sky Luxury Apartments (Pvt) Limited

⬥ Assetline Lands (Pvt) Ltd

Independent Non-Executive Capacity

⬥ David Pieris Holding (Pvt) Ltd

⬥ Assetline Holdings (Pvt) Ltd

MOHAMMAD HASSAN

Non-Executive, Non-Independent Director

Date of Appointment

18 January 2023

Committee Membership

Member

⬥ Board Audit Committee

Qualifications, Expertise and Experience Mohammad Hassan has over 17 years of extensive experience across the Islamic banking and asset management industry in both equity and fixed income investing. He has a deep understanding and is well-versed in financial statement analysis particularly relating to valuation of equity and fixed income instruments as well as utilising tools such as Bloomberg and S&P Capital IQ to build comparable companies and transaction models.

Hassan is currently attached to ICD, the private sector arm of the Islamic Development Bank (IsDB) Group as the

Principal of the Banking Equities Department. As a part of his role, Hassan oversees the private equity portfolio of investee banks spread across 8 countries while also involved in reviewing financial models and business plans for potential new investee banks working closely with C-level management of each bank to optimise business strategy in the context of regulatory and macroeconomic developments. Prior to this Hassan was associated as a Co-Portfolio Manager for ICD’s fixed income funds including the ICD Money Market Fund and ICD Corporate Premium Fund, 2 high-yield income funds currently having more than $300 million under management. As part of his Asset Management role in ICD, Hassan was also responsible to many notable fixed income investments and private placements. Prior to joining the IsDB Group, Hassan’s professional career included over 5 years in Pakistan’s financial sector, including holding the roles

of Manager – Business Internal Controls

and Money Market Dealer in Burj Bank, Relationship Manager in Bank Al-Falah and Relationship Associate at Meezan Bank.

Hassan is a Chartered Financial Analyst and holds a Bachelor of Science Degree in Industrial Engineering and Management

Science from North Western University, USA.

17

Amãna Bank PLC Annual Report 2025

DELVIN WILLIAM PEREIRA

Non-Executive, Independent Director

Date of Appointment

28 March 2024

Committee Membership

Chairman

⬥ Board Human Resources and Remuneration Committee

⬥ Board Credit Committee

⬥ Member

⬥ Board Nominations and Governance Committee

⬥ Board Integrated Risk Management Committee

⬥ Board Related Party Transaction Review Committee

Qualifications, Expertise and Experience Delvin Pereira is a highly skilled professional banker with over 35 years of experience, counting 15 years in senior management. He commenced his career at the Commercial Bank of Ceylon Ltd in 1985 and thereafter joined the Seylan Bank, where he ascended the corporate hierarchy, progressing from

a branch manager to a regional manager, attaining the position of Deputy General Manager. In this role, he provided dynamic leadership, comprehensive training, and invaluable guidance to a team of over 200 managers, steering them towards the achievement of the organisation's business objectives. His wide range of managerial experience ranges from credit analysis

and credit management to SME and Retail banking, Consumer Financing, risk management, trade, and branch business

banking. In the process, he has developed a range of management skills covering credit, risk, human resource, trade, operational banking, sales and marketing, service quality, project management, and delinquency

which have all been used positively towards the success and growth of his organisation. Further, he has excelled in trade finance, skilfully underwriting trade finance credit lines, and fostering international trade and global partnerships. He was also responsible for setting up the bank’s factoring division.

Mr. Pereira honed his extensive banking skills by participating in specialised overseas training programs that covered diverse

facets of banking and finance. These included Project Finance, SME and Microcredit, Corporate Finance, Risk Management, Banca-assurance, IFRS/ÍAS accounting standards,

as well as international money laundering and anti-money laundering practices. His enriching learning experiences took place

during workshops held in prominent locations such as Singapore, Malaysia, India, and the Philippines. He also actively represented Seylan Bank Plc. at conferences, such as the Asian Bankers Conference in Mumbai, India, in 2004, and the Asia Pacific Banca-Assurance Conference in Manila in 2018. He possesses

a Master's in Business Administration from the prestigious University of Western Sydney in Australia, complemented by the esteemed qualification of Certified Management Accountant Australia. He is also a member of the Association of Professional Bankers Sri Lanka

During his tenure, he served on several committees supporting the governance of the organisation, which include the Assets and Management Committee (ALCO), Integrated Risk Management Committee, Credit Committee, and Procurement Committee, among others. In risk management, he played a pivotal role in formulating and executing

a comprehensive Credit Risk Management (CRM) policy and Customer Credit Rating framework, ensuring regulatory compliance and sound risk practices. Additionally, his project management skills were evident as he led the successful implementation of the BASEL II risk management framework and the Movement Account Delinquency Management program. He also contributed to the adoption of IAS/IFRS accounting standards by serving on its committee as an active member.

Beyond his professional career, Mr Pereira has been an active social worker serving the Rotary Organisation since 1994. He has held significant leadership positions within Rotary International District 3220 comprising Sri

Lanka and the Maldives, and in recognition of his contributions towards community service, he was unanimously elected to serve as District Governor for Sri Lanka and Maldives for the period 2025/26.

Other Current Directorships – 1 Company Non-Executive Capacity

⬥ Highbrow International (Private) Limited

Board of

18

Amãna Bank PLC

Annual Report 2025

Directors

MOHAMED ZAHEER MOHAMED AZREEN

Non-Executive, Independent Director

Date of Appointment

20 July 2024

Committee Membership

Chairman

⬥ Board Nominations and Governance Committee

Member

⬥ Board Audit Committee

⬥ Board Related Party Transaction Review Committee

⬥ Board Human Resources and Remuneration Committee

Qualification, Expertise, and Experience Azreen is a Fellow Member of the Institute of Chartered Accountants (ICASL) of Sri Lanka, a Fellow Member of the Institute of Certified Management Accountants (ICMA) of Sri

Lanka, an Associate Member of the Chartered Institute of Management Accountants (CIMA) UK, and is a Certified Risk Analyst (CRA).

Azreen started his career in 1991 at KPMG in Colombo, Sri Lanka, and moved to Ernst & Young (“EY”), Bahrain Office in October 1996. In 1999, he joined Kuwait Finance House, Kuwait (“KFHK”), the second largest Islamic Bank in the world, and held various

senior positions including managing the unit that evaluates the performances of banking subsidiaries.

In 2011, Azreen was appointed as the Non-Independent/Non-Executive Director (NINED) of Kuwait Finance House Malaysia Berhad).

He held various Board responsibilities including Chairing the Board Transformation Steering Committee (BTSC) where he worked with international consultants in restructuring the Bank's portfolio and developing and implementing a new credit underwriting guideline. Azreen developed a special product called Profit Sharing Investment Account (PSIA) that minimised the adverse impact on the performance of the bank which was unprecedented at the time was approved

by Bank Negara Malaysia. During the same period, he was appointed as Director of other Malaysian subsidiaries which include an offshore bank (KFH Labuan Berhad), an asset management company (KFH Asset

Management Berhad), and a leasing company (KFH Ijarah House).

Azreen was re-appointed as an Independent/ Non-Executive Director of Kuwait Finance House (Malaysia) Berhad (“KFHMB”) on 1 March 2020. Currently, he serves as Chairman of the Board Audit Committee and the Board Nomination and Remuneration Committee.

Azreen is currently the Chief Executive Officer of Frontier Advisory (Pvt.) Ltd, a company

that provide a range of advisory services on accounting, tax, and business-related matters.

Other Current Directorships – 5 Companies

Unlisted

⬥ Afamadamad (Pvt.) Ltd.

⬥ Frontier Secretarial House (Pvt) Ltd.

⬥ PT Indoor Rampah Commodities

⬥ Spillberg Holding (Pvt.) Ltd.

⬥ Kuwait Finance House Malaysia

SENTHILVERL SENTHI NANDHANAN

Non–Executive, Non-Independent

Date of Appointment

7 March 2025

Committee Membership

None

Qualifications, Expertise and Experience Mr. S. Senthi Nandhanan is a seasoned corporate leader with over 24 years of experience in strategic decision-making, governance, and operational leadership within financial services, energy, FMCG, and investment sectors. He has a proven track record of delivering sustainable growth, optimising supply chains, and enhancing corporate governance structures. His background includes serving on multiple boards, overseeing investment portfolios, managing international expansions, and implementing compliance frameworks.

Currently, Mr. S. Senthi Nandhanan serves as a Director (Non-Executive, Non-Independent) at Sarvodaya Development Finance PLC, where he provides strategic oversight and governance while ensuring regulatory compliance and long-term value creation. He is also an Executive Director at Senthilverl Holdings (Pvt) Ltd, where he manages equity investments and portfolio diversification

to drive consistent returns. In addition, he contributes to operational improvements and market growth as an Executive Director at Samindu Incense (Pvt) Ltd. Beyond these board roles, he holds the position of Chief Executive Officer at Dollar Corporation, a legacy entity founded in 1945 that operates across cosmetics, confectionery, beverages, toiletries, detergents, incense sticks, and related industries.

Previously, Mr. S. Senthi Nandhanan served as a Non-Executive, Non-Independent Director at Panasian Power PLC from 2017 to 2021, guiding corporate strategy, operational enhancements, and risk management initiatives.

19

Amãna Bank PLC Annual Report 2025

Mr. S. Senthi Nandhanan holds an MBA from the University of Southern Queensland, Australia, which complements his extensive industry exposure and leadership experiences. As a Member of the Association of Business Executives, he remains connected to ongoing professional development

and thought leadership in the field. He consistently demonstrates strategic foresight, ethical decision-making, and a results-oriented mind-set, making him a valuable asset for organisations seeking to navigate complex markets, drive innovation, and achieve sustainable growth.

Other Current Directorships - 4 Companies Unlisted Companies

⬥ Executive Capacity

⬥ Dr. T. Senthilverl (Pvt) Ltd

⬥ Samindu Incense (Pvt) Ltd

⬥ Senthilverl Holdings (Pvt) Ltd

Listed Companies

Non Executive Capacity

⬥ Sarvodaya Development Finance PLC

MUSTAFA SATTAR KASSIM

Non-Executive, Non-Independent Director

Date of Appointment

5 February 2026

Committee Membership

None

Qualifications, Expertise and Experience Mr. Mustafa Sattar Kassim is the Founder and Chief Executive Officer of Roar Global, a diversified marketing and technology group established in 2014. The Group operates across platform marketing and applied

artificial intelligence, with a presence in eight markets across the Asia-Pacific region.

He has over a decade of experience in building and scaling technology-led businesses. Under his leadership, Roar Global has grown from a digital media startup into a group comprising six portfolio companies, serving a broad base of international clients and supported by

a team of over 150 professionals across its regional operations.

Mr. Kassim has been recognised internationally for his contributions to the media and marketing industry, including being named to the Forbes 30 Under 30 Asia list in the Media, Marketing & Advertising category.

He holds a Bachelor of Arts in Economics from California State University, Northridge (USA).

Mr. Kassim’s experience includes building multi-market businesses, driving digital transformation initiatives, and applying technology to enhance operational efficiency and customer engagement. He has also

been an active participant in industry forums relating to entrepreneurship, digital innovation, and business growth.

His appointment brings to the Board expertise in platform-led growth, venture development, and innovation-driven strategy, strengthening the Bank’s capabilities in advancing its long-term strategic and digital priorities.

Other Current Directorships - 18 Companies Unlisted Companies

Non-Executive Capacity

⬥ ASK Capital (Private) Limited

⬥ Milepost Property Holdings (Pvt) Ltd

Executive Capacity

⬥ Roar Digital (Private) Limited

⬥ Roar AD X (Pvt) Ltd

⬥ Roar 3P (Private) Limited

⬥ Roar Link (Pvt) Ltd

⬥ Roar Advertising (Private) Limited

⬥ D. X Digital (Private) Limited

⬥ MK Global Ventures Pte. Ltd., Singapore

⬥ Roar Media Pte. Ltd., Singapore

⬥ Roar Representation Pte. Ltd., Singapore

⬥ Roar AU Pty Ltd, Australia

⬥ Brand Radar LLC, USA

⬥ 3P Digital Sole Company Limited, Laos

⬥ Roar Bangladesh Limited, Bangladesh

⬥ 3P DIGITAL SDN BHD, Brunei

⬥ Polyerna Media Pvt. Ltd, India

⬥ Roar Global (Private) Limited

Board of

20

Amãna Bank PLC

Annual Report 2025

Directors

PROF. DR. AISHATH MUNEEZA

Non-Executive, Independent Director

Date of Appointment

26 February 2026

Committee Membership

None

Qualifications, Expertise And Experience Prof. Dr. Aishath Muneeza is a globally recognised expert in Islamic finance and currently serves as Professor and Associate Dean, Students & Internationalisation at INCEIF University, Malaysia. She has extensive experience in Shariah advisory, Islamic capital markets, and public policy development.

She has over a decade of leadership experience, having served as Deputy Minister of Finance and Treasury and Deputy Minister of Islamic Affairs (the first female to hold

the position) in the Maldives. She also served as an Islamic Finance Expert at the Ministry of Economic Development. She serves as

a Member of the Maldives Islamic Finance Strategic Advisory Council (MIFSAC), a

high-level advisory body established by the Maldives Monetary Authority, where she contributes to the development and strategic direction of Islamic finance in the Maldives.

She has played a pivotal role in advancing Islamic finance in the Maldives, including serving as Head of Islamic Finance

at the Capital Market Development Authority, Chairman of Maldives Hajj Corporation Limited, and Chairman of the Maldives Centre for Islamic Finance.

She currently serves as Senior Islamic Finance Consultant to UNFPA Malaysia, where

she has pioneered initiatives integrating Islamic finance solutions into sustainable development programmes.

Prof. Dr. Muneeza has extensive experience in structuring Sukuk and Islamic treasury instruments and serves on multiple Shariah advisory boards internationally. She is a registered Shariah Adviser with regulatory authorities in Maldives, Malaysia, and

Sri Lanka.

She is a former member of AAOIFI’s Public Interest Monitoring Consultative Committee (PIMCC) and a former EXCO

member of Association of Shari’ah Advisors in Islamic Finance (ASAS), Malaysia. She has received numerous recognitions, including the Rehendhi Award and the Lifetime Achievement Award (WIEFC 2025), and

is listed in Islamica 500 among the most influential personalities in Islamic economics.

She holds a PhD in Law from the International Islamic University Malaysia (2010–2013), preceded by a Master of Laws (LLM) in Banking from the same institution (2009-2010), and a Bachelor of Laws (LLB Hons) from the International Islamic University Malaysia (2005–2009). In addition to her academic qualifications, she is a Certified Shari’ah Practitioner (CSP) accredited by the Association of Shari’ah Advisors in Islamic Finance (ASAS), Malaysia, reflecting her professional expertise in Islamic finance and Shari’ah governance.

Other Current Directorships – 1 Company Listed Companies

Non-Executive, Independent Capacity

⬥ Amãna Takaful (Maldives) PLC

SAMITHA DAYANI DE SILVA FCG

Company Secretary

Mrs Samitha Dayani De Silva joined Amãna Bank PLC in March 2016, retired from the services of the Bank in mid-2021 and rejoined from 1 January 2026.

Dayani is a Fellow Member of ICSA -Chartered Governance Institute UK and Ireland. She was also awarded Founder Membership of the Institute of Chartered Corporate Secretaries Sri Lanka wherein she served as the Deputy President of the

Institute for the tenure 2010 and 2011/2012.

Her professional experience as a Chartered Secretary spans for approximately 40 years.

Prior to joining Amãna Bank, her experience included Corporate Secretaryship in a Finance & Leasing Company (Quoted) and thereafter for 25 years in a multinational group of companies (in the Motor Industry), presently owned by a Conglomerate based in the UAE. Her experience in this group of companies specifically included incorporation of a Finance & Leasing Company and an Insurance company (both for which she had to work on obtaining regulatory licenses and also quotations in the Colombo Stock Exchange). Additionally, she also had exposure to People Management.

She served as a Resource Person for the Professional Enhancement Program carried out by the Association of Accounting Technicians of Sri Lanka (AAT). Dayani had also participated as a Guest Speaker on Corporate Secretaryship and Corporate Governance at a CMA Workshop.

Her scope of work at Amãna Bank includes duties and responsibilities of a Board Secretary with specific emphasis on compliance with the regulations of the Banking Act, Directions issued by the Central Bank of Sri Lanka in addition to compliance with the rules of other statutory Bodies

such as the CSE and ROC. She oversees and ensures that all Board Meetings, General Meetings and Sub-Committee Meetings follow correct procedures as required by the Companies Act and also document proceedings in detail as required by the Central Bank of Sri Lanka.

INTERWOVEN FOR

IMPACT

Strengthening the Tea Industry

22 Independent

Amãna Bank PLC Annual Report 2025

Sharia Supervisory Council

ASH-SHEIKH DR. MUFTI MUHAMMAD IMRAN ASHRAF USMANI

Chairman, Sharia Supervisory Council

Sheikh Dr. Mufti Muhammad Imran Ashraf Usmani, son of Justice (Retd.) Mufti Muhammad Taqi Usmani, graduated with specialisation in Islamic Fiqh (Islamic jurisprudence) from Jamia Darul-Uloom, Karachi, where he has been teaching Fiqh since 1990. He also holds an L.L.B and Ph.D. in Islamic Finance. He is a Vice President of Jamia Darul-Uloom, Karachi.

Presently Dr. Imran Usmani is the Group Head and Vice Chairman of Shariah Supervisory Board at Meezan Bank Ltd and is responsible for Research and Product Development

of Islamic Banking products, advisory for Sharia-compliant banking and supervision of Sharia Audit & Compliance. He is also the President and CEO of Usmani & Co. Pvt. Ltd that provides a full suite of Islamic Finance consultancy, Shariah advisory and related ancillary services to local and international clients across all legal jurisdictions and financial & non-financial sectors.

Dr. Imran Usmani has been involved with the Government of Pakistan in various initiatives and is also a member of the Steering Committee and Implementation

Committee for promotion of Islamic Banking since 2013. Dr. Imran Usmani has served as an advisor/member of Sharia Boards of several renowned institutions in various jurisdictions since 1997 including the State Bank of Pakistan, Takaful Pakistan Ltd., Pakistan Mercantile Association, ICFAL– Australia, The Zeal–Canada and USA, Astana International Financial Centre -Kazakhstan, HSBC– Amãnah Finance, UBS-Switzerland, Guidance Financial Group USA, Lloyds TSB Bank -UK, Japan

Bank for International Cooperation (JABIC), Credit Suisse Switzerland, Royal Bank of Scotland Global, Old Mutual Albarakah Equity & Balanced Funds South Africa, AIG Takaful, ACR ReTakaful Malaysia, Premier Takaful Pakistan, Capitas Group USA, Bank of London and Middle East Kuwait, BMI Bank Bahrain, Al Khaliji Bank Qatar, Sarasin Bank Switzerland,

AIFA-Amãna Islamic Finance Australia, DCD Group Dubai, Nafa Mutual Fund, Acumen Fund, Swip Sicave Fund, Old Mutual Al-Barakah fund and other mutual and property funds, Takaful companies and international Sukuk, etc.

He also served as an Executive Committee Member of AAOIFI (Dubai), Sharia Supervisory Board of International Islamic Financial Market (IIFM) Bahrain and Chairman of Academic Board at International Centre

for Education in Islamic Finance (INCEIF)-Malaysia, Institute of Business Administration (IBA)-Centre for Excellence in Islamic Finance (CEIF), Karachi and Director at Centre for Islamic Economics (CIE), Hira Foundation School and Hira Institute of Emerging Sciences, Karachi.

Dr. Usmani is the author of numerous publications related to Islamic Finance and other Sharia related subjects. He has

presented papers in numerous national and international seminars and has delivered lectures at academic institutions including Harvard, LSE, LUMS and IBA. He also has special interest in Entrepreneurship,

Eco-system, Sustainable Development investments and works for different green projects.

ASH-SHEIKH MUFTI M I M RIZWE

Member, Sharia Supervisory Council

Mufti M.I.M. Rizwe is a distinguished Islamic jurist, scholar, and governance specialist with over four decades of experience in legal scholarship, education, public advisory service, and ethical finance. With more than thirty years of engagement in financial governance and advisory frameworks, he is widely recognised for his contribution to the development of ethical finance and Shari’ah governance in Sri Lanka.

He graduated from Jami’athul Uloomil Islamiyya specialising in Islamic jurisprudence and holds a Master’s Degree in Arabic and Islamic Studies recognised by the Higher Education Commission.

Mufti Rizwe currently serves as the Honourable President of the All Ceylon Jamiyyathul Ulama, the apex body of Islamic scholars in Sri Lanka, where he provides leadership in religious guidance, community engagement, and public policy dialogue. His national public service includes roles such as Member of the Waqf Board, Consultant to the MMDA Review Committee, National syllabus and academic text reviewer.

He has played a significant role in strengthening ethical finance governance and currently serves as Chairman of the Shari’ah Supervisory Council of Amãna Takaful PLC, and Member of the Shari’ah Supervisory Councils of Bank of Ceylon and People’s Leasing & Finance PLC.

Mufti Rizwe has participated in numerous international forums on ethical finance, interfaith dialogue, and minority rights. He has been recognised among “The 500

Most Influential Muslims in the World” since 2011 by the Royal Islamic Strategic Studies Centre and has delivered addresses at global platforms including the United Nations Social Forum and the UN Forum on Minority Issues in Geneva.

23

Amãna Bank PLC Annual Report 2025

He is also actively involved in educational and institutional development, having founded and led several initiatives including Islamic Careline Counselling Services, UMMAT (United Muslim’s Mua’amalah Advisory Trust), Al-

Mahmoud Institute for Skills Development of Scholars, and the Ubai bin Ka’ab Centre, contributing to scholarship, community welfare, and professional advisory services. Through his work, Mufti Rizwe continues to promote strong governance, ethical finance, and socially responsible economic systems while fostering moderation, unity, and constructive dialogue in society.

ASH-SHEIKH MUFTI MUHAMMAD HASSAAN KALEEM

Member, Sharia Supervisory Council

Ash-Sheikh Mufti Muhammad Hassan Kaleem is a distinguished figure in the field of Islamic Finance, serving as a member of the Sharia Supervisory Council. With a strong foundation in Sharia teachings, Mufti Hassan is highly regarded as a respected Sharia Scholar within the Islamic Finance industry.

Mufti Hassan holds key positions on the Sharia Advisory Boards of several leading financial institutions, Islamic Investment Funds, and Takaful Companies. His wealth of knowledge is further enhanced by his 26-year tenure as a faculty member at Darul-Uloom Karachi, demonstrating his unwavering dedication to Islamic education. Notable roles include Vice Chairman of the Sharia Board at Dubai Islamic Bank Pakistan Limited, Sharia Board Member at the Islamic Development Bank (IsDB, Jeddah), and Chairman of the Sharia Board at Pak Qatar Takaful.

In addition, Mufti Hassan serves as a Sharia Consultant for Deloitte (Global Islamic Finance Team) and a Sharia Council Member at Al Ameen UBL Funds. His influence extends globally, with memberships on the Sharia Boards of Hanover Re-Takaful in Bahrain and Takaful Emirate in the UAE. Mufti Hassan

also plays an integral role in academia as a permanent faculty member at the Centre for Islamic Economics in Karachi and as a Trainer for Sharia Standards at the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) in Bahrain. He is

also a trainer at the Institute of Business Administration (IBA-CEIF) and a visiting faculty member at the National Institute of Banking and Finance (NIBAF).

Mufti Hassan's expertise has been pivotal in simplifying complex aspects of Islamic

finance, and he is recognised internationally for his contributions through lectures

and training at conferences and seminars worldwide. His career is marked by his prior role as the Sharia Advisor of Bank Al

Baraka and as the former Chairman of the Sharia Board at the Securities and Exchange Commission of Pakistan (SECP).

A true authority in his field, Mufti Hassan continues to shape the future of Islamic finance through his advisory roles, academic contributions, and global engagements.

24 Profiles of Strategic

Amãna Bank PLC Annual Report 2025

Shareholders

ISLAMIC DEVELOPMENT BANK

The Islamic Development Bank (IsDB) is a multilateral development bank, working to improve the lives of those it serves by promoting social and economic development in Muslim countries and communities’ worldwide, delivering impact at scale. IsDB provides the infrastructure to enable people to lead better lives and achieve their full potential. It brings together 57 member countries across four continents-touching the lives of 1 in 5 of the world’s population.

IsDB is a global leader in Islamic Finance, with an AAA rating, and total assets of more than USD 35 billion and subscribed capital of USD 70 billion. Headquartered in Jeddah, Saudi Arabia, IsDB has 10 Regional Hubs in Abuja, Nigeria; Almaty, Kazakhstan; Ankara, Türkiye; Cairo, Egypt; Dakar, Senegal; Dhaka, Bangladesh; Jakarta, Indonesia; Kampala, Uganda; Paramaribo, Suriname; and Rabat, Morocco with a Centre of Excellence in Kuala Lumpur, Malaysia.

IsDB fosters collaboration between its members nations in a uniquely non-political environment, as it focuses on the betterment of humanity. IsDB helps enable its member countries to grow their

economies and societies, so they are ready to embrace the challenges and opportunities of our modern world. IsDB’s 5 pillars of activity include (i) building partnerships between governments, the private sector and civil society through Public Private Partnerships (ii) adding value to the economies and societies of developing countries through increased skills and knowledge sharing (iii) focusing on science, technology and innovation led solutions to the world’s greatest development challenges, through boosted connectivity and funding, and a focus on the UN’s Sustainable Development Goals (iv) promoting global development that is underpinned by Shariah compliant long term sustainable and ethical financing structures, as global leaders in Islamic Finance (v) fostering collaboration between members nations in a uniquely non-political environment to focus on the betterment of humanity.

(https://www.isdb.org)

THE ISLAMIC CORPORATION FOR THE DEVELOPMENT OF THE PRIVATE SECTOR

Limited Partner of IB Growth Fund (Labuan) LLP

The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral organisation affiliated with the Islamic Development Bank (IsDB). Its authorised capital stands at USD 4 billion, of which USD 2 billion is open for subscription. Its shareholders consist of the IsDB, 56 member countries and five public financial institutions. Established during the 24th annual meeting of the IsDB Board of Governors in Jeddah in Rajab 1420H (November 1999), ICD is headquartered in Jeddah, Kingdom of Saudi Arabia.

Since its establishment in November 1999, the Islamic Corporation for the Development of the Private Sector (ICD) has consistently centred its efforts on fostering inclusive and dynamic growth through private sector development.

ICD's mission complements the Islamic Development Bank's (IsDB) role by actively developing and promoting the private sector in compliance with Shariah principles as a catalyst for enhancing economic growth and prosperity. With a vision of being a leading Islamic multilateral financial institution dedicated to this purpose, ICD stands committed to driving sustainable and thriving economies in its member countries.

As the private sector arm of the Islamic Development Bank (IsDB) Group, ICD aligns its objectives with the principles of Shariah, aiming to: i) identify growth-oriented opportunities and initiatives within the private sector, ii) offer an extensive array of productive financial products and services for private sector development, iii) mobilise supplementary resources for the private sector in member countries, and iv) promote the advancement of Islamic financial and capital markets.

25

Amãna Bank PLC Annual Report 2025

SENTHILVERL

HOLDINGS (PVT) LTD

AKBAR BROTHERS (PVT) LIMITED

Akbar Brothers is Sri Lanka's largest exporter of tea and one of the country's leading diversified, family-owned conglomerates. Since its inception in 1969, the company has expanded from its core tea

business into various sectors, including sustainable power generation, healthcare, packaging, property development, environmental services, logistics, coffee and retail. The company prides itself on

its commitment to product quality, ethical business practices, and responsible treatment of all stakeholders.

As a leader of the Ceylon tea industry for close to 60 years, Akbar Brothers has built a strong legacy of excellence. The group has earned numerous prestigious awards, including 45+ Sri Lankan Presidential Export Awards and recognition as Sri Lanka’s Most Globally Outreached Brand, cementing its position as a leader in both the tea industry and beyond.

With an eye to the future and innovation, Akbar Brothers is committed to expanding its focus on sustainable solutions, achieving a major milestone as Asia’s first Carbon-Inset Certified Company. Its growth and success can be attributed to a strong foundation of business integrity and an unwavering dedication to delivering the highest quality products and services to partners and clients around the world.

SENTHILVERL HOLDINGS (PVT) LTD

Senthilverl Holdings (Pvt) Ltd is a Sri Lankan investment holding company with diverse interests across multiple sectors. Headquartered in Colombo, Senthilverl Holding has built a robust portfolio over the decades. Founded by renowned high-net-worth investor and medical professional Dr. T Senthilverl, Senthilverl Holdings (Pvt) Ltd is an

active investment firm on the Colombo Stock Exchange, with a diverse portfolio spanning energy, finance, food & beverage, real estate, consumer services & retail, and plantations. Their strategic investments have positioned Senthilverl Holdings as a key player in Sri Lanka's investment and corporate landscape.

26 Management

Amãna Bank PLC Annual Report 2025

Committee

MOHAMED AZMEER

Managing Director/CEO

AJMAL NALEER

Senior Vice President | Chief Compliance Officer

SIDDEEQUE AKBAR

Vice President - Retail Banking & Marketing

IMTIAZ IQBAL

Chief Operating Officer

M. ALI WAHID

Senior Vice President | Chief Financial Officer

FAZLY MARIKAR

Vice President - Strategy & Sustainability

M. M. S. QUVYLIDH

Senior Vice President | Chief Risk Officer

IRSHAD IQBAL

Senior Vice President - Business Banking

NUMAIR CASSIM

Chief Internal Auditor

27

Amãna Bank PLC Annual Report 2025

MOHAMED KIYASUDEEN

Chief Information Officer

HARINDRA OBEYESEKERE

Vice President – Treasury & Financial Institutions

SULANI DAYARATNE

Head of Legal

ASH-SHEIKH NAZHAN NAUROOZ

Assistant Vice President – Sharia Supervision

HILUFA AGEES

Head of Human Resources

28 Vice Presidents and Assistant

Amãna Bank PLC Annual Report 2025

Vice Presidents

RAJENDRA JAYASINGHE

Vice President - Corporate Banking

CHAMINDA DE SILVA

Assistant Vice President - SME Leasing

ARSHAD JAMALDEEN

Assistant Vice President – Digital Banking & Cards

RAMAKRISHNAN KIRUBAKARAN

Assistant Vice President – Head of Credit

AZIM RALI

Assistant Vice President - Marketing & Corporate Communications

AZAM AMEER

Assistant Vice President – Region 2

NISHATH NAWAZ

Assistant Vice President – Region 1

ARSHAD ADHNAN

Assistant Vice President – Region 3

S. DAYANI DE SILVA

Company Secretary

29 Senior

Amãna Bank PLC Annual Report 2025

Managers

RIZAH ISMAIL

Head of Remedial Management

NIYAZ ABOOBUCKER

Head of Equity Trading

SANJEEWA FONSEKA

Head of Learning & Development

AZAD ZAHEED

Head of OrphanCare

NIZATH MUSTAPHA

Head of Digital Development & Automation

UDARA KODIPPILI

Head of Emerging Corporates

Senior

30

Amãna Bank PLC

Annual Report 2025

Managers

SHEEREEN JAIN

Senior Manager – Talent Acquisition

ASLAM SHABDEEN

Senior Manager – Finance

JISTHI MOHAMED

Head of Trade and Large Corporates

SHAREEF AYUBKHAN

Senior Manager – Legal

INTERWOVEN FOR

IMPACT

Enabling the Renewable Energy Sector

32 Financial

Amãna Bank PLC Annual Report 2025

Highlights

33

Amãna Bank PLC Annual Report 2025

Total Assets

LKR Bn 210

180

150

120

90

60

30

0

2021 2022 2023 2024 2025

Deposits

LKR Bn 180

150

120

90

60

30

0

2021 2022 2023 2024 2025

Advances

LKR Bn

160

140

120

100

80

60

40

20

0

2021 2022 2023 2024 2025

Financing Income and Financing Expenses

LKR Bn

20

18

16

14

12

10

8

6

4

2

0

2021 2022 2023 2024 2025

Financing Expenses Financing Income

Net Fee and Commission Income

LKR Mn 1,500

1,000

500

0

2021 2022 2023 2024 2025

6

Profit After Tax Profit Before Tax

Return on Equity (RHS)

2021 2022 2023 2024 2025

0

0

2

1

4

2

3

10

8

4

12

5

%

PBT, PAT and ROE

LKR Bn

12

Operating Income & Operating Expenses

LKR Bn %

4

20

10

2

8

Operating Expense Operating Income

Cost to Income Ratio (RHS)

30

10

60

40

50

0

6

0

2021 2022 2023 2024 2025

Current Account & Savings Account (CASA)

LKR Bn %

80

50

60

40

40

30

20

0

20

2021 2022 2023 2024 2025

CASA Portfolio CASA Ratio (RHS)

Stage 3 Impaired Financing Ratio

% 3.0

2.0

1.0

0

2021 2022 2023 2024 2025

34 Non-Financial

Amãna Bank PLC Annual Report 2025

Highlights

NO. OF CUSTOMERS

NO. OF BRANCHES

NO. OF SELF BANKING

CENTRES

2025

540,543

2024

485,654

2025

33

2024

33

2025

41

2024

34

NO. OF GOLD SAFEKEEPING UNITS

THE ASIAN BANKER -STRONGEST ISLAMIC BANK IN THE WORLD

THE ASIAN BANKER -LARGEST ISLAMIC BANK

IN THE WORLD

2025

31

2024

31

2025

45th

2025

94th

2024

95th

LMD TOP 100 RANKING

BRAND VALUE (BRAND FINANCE)*

NO. OF POINTS FOR

DEPOSITS

2025

74th

2024

73rd

2025

87th

2024

N/A

2025

1100+

2024

1100+

NO. OF POINTS FOR WITHDRAWALS

2025

EXTERNAL RATING

2024

NO. OF AWARDS WON

BBB-(lka) Stable Outlook by Fitch Ratings

BBB+ Stable Outlook by Lanka Rating Agency

BBB-(lka) Stable Outlook by Fitch Ratings

* Brand Finance Ranking was not published in 2024

35 Contribution to National

Key Economic Sectors Supported

% 100

80

60

40

20

0

2021 2022 2023 2024 2025

Wholesale and Retail Trade

Consumption Manufacturing

Agriculture, Forestry and Fishing

Construction Others

Amãna Bank PLC Annual Report 2025

Development

Growth in Advances by Segment

LKR Bn 20,000

15,000

10,000

5,000

0

-5,000

2021 2022 2023 2024 2025

SME

Corporate Retail

Trade Business

LKR Bn 120

100

80

60

40

20

0

2021 2022 2023 2024 2025

Exports Imports

Savings and Fixed Deposits

LKR Bn 100

80

60

40

20

0

2021 2022 2023 2024 2025

Savings Deposits Fixed Deposits

Cash/Scrip Dividend Paid to Shareholders

LKR Mn

800

700

600

500

400

300

200

100

0

2021 2022 2023 2024 2025

Taxes Paid

LKR Mn 3,500

3,000

2,500

2,000

1,500

1,000

500

0

2021 2022 2023 2024 2025

Growth in Digital Transactions

Number 8,000,000

7,000,000

6,000,000

5,000,000

4,000,000

3,000,000

2,000,000

1,000,000

0

2021 2022 2023 2024 2025

OrphanCare Disbursements

LKR Mn

25

20

15

10

5

0

2021 2022 2023 2024 2025

Customer Outreach

Number 600,000

500,000

400,000

300,000

200,000

100,000

0

2021 2022 2023 2024 2025

36 Event

Amãna Bank partners with MediHelp

for Debit Card offers

Opening of relocated Ratnapura

Branch

Avurudu Celebrations at Amãna Bank In-house residential work-shop for

Industrial Training Undergraduates

APRIL

Financial Literacy Programme at

Green Ray College - Pannala

Financial Literacy Programme for

Rizing Consultancy Lanka

Amãna Bank at Digital Payments Amãna Bank recognised at Promotion Campaign 2025 organised Technnovation Awards 2025 by Central Bank of Sri Lanka at

Nuwara-Eliya

MARCH

Financial Literacy programme for

Faculty of Indigenous Medicine -University of Colombo

Amãna Bank at Kadalla Home

Exhibition

Amãna Bank at Digital Payments Executive Leadership Development

Promotion Campaign 2025 organised by Programme Participants with Central Bank of Sri Lanka in Hambantota Management of the Bank

JANUARY

Amãna Bank PLC Annual Report 2025

Highlights

FEBRUARY

Relocation of Amãna Bank's Akurana Amãna Bank receives LRA Rating Branch

Amãna Bank partners with Glomark Rewarding winner of Independence for Ramadan offers Day Social Media Campaign

37

Opening of Maruthamunai Self

Banking Centre

Financial literacy programme for

Traders Association - Rathnapura

Amãna Bank joined hands with the Financial awareness programme at

Central Bank of Sri Lanka at a Digital Jeelan Central College - Panadura Payment event held in Dambulla

AUGUST

MAY

Amãna Bank recognised globally for Amãna Bank opens Self Banking

Most Impactful Investee Company Centre in Galbokka - Weligama

Financial Literacy programme at

Wayamba University of Sri Lanka

Financial Literacy programme at WIS

Mortgages & Insurance Services

JUNE

Amãna Bank at Enrich SME Forum

Financial Literacy Event at College of

Education - Addalaichenai

Financial Literacy Event at CPM

Financial Literacy Event at Zahira

College - Akurana

JULY

Financial Literacy programme for Launch of OrphanCare Impact Report

Women Entrepreneurs in Puttalam

Promoting Leasing at Colombo

Motor Show

Financial Literacy Event at Refresh

College - Puttalam

Amãna Bank PLC Annual Report 2025

38

NOVEMBER

Amãna Bank opens Self Banking Centre in China Fort, Beruwala

Opening of Self Banking Centre at

Cool Planet Mall Narahenpita

Opening of Pulmoddai Self Banking

Centre

DECEMBER

Amãna Bank contributes relief items Amãna Bank Contributes to "School

for Ditwah victims With a Smile"

Financial literacy programme at

Sri Lanka Muslim Civil Society

Financial Literacy programme at

Eastern University - Trincomalee Campus

Amãna Bank PLC Annual Report 2025

Event Highlights

SEPTEMBER

Financial Education programme at Financial Awareness Programme Balaluwewa MMV - Palagala Araliya Uyana Ladies Society -

Puttalam

Recognised for Best Bank in Sri Lanka Recognised for Best Performance in at ICC Emerging Asia Banking Awards Asset Quality at ICC Emerging Asia

Banking Awards

OCTOBER

Amãna Bank opens new Corporate Financial Literacy Event at Royal Office College - Colombo

Amãna Bank 'Bring Your Kids to Bank Day' held across multiple branches