Amana Takaful Insurance concluded its Annual Awards 2025 on June 24 at Shangri-La Colombo, recognising the outstanding achievements of employees and sales professionals across both Amana General Insurance and Amana Life Insurance.
The prestigious event was attended by Chairman – General Insurance M. Zulficar Ghouse, Managing Director Hassan Kassim, CEOs S. Karthigun and Gehan Rajapakse, CEO/Managing Director of Amana Takaful Maldives Hareez Sulaiman, members of the Board of Directors, the leadership team of Amăna Bank and other distinguished guests.
Inspired by the passion and competitive spirit of the FIFA World Cup, this year’s awards ceremony was held under the theme “The Ultimate League of Champions.” The event featured stadium-inspired visuals, cinematic productions, football-themed entertainment and a championship atmosphere designed to celebrate teamwork, perseverance and the pursuit of excellence.
The ceremony marked a historic milestone for Amana Takaful, with more than 250 awards presented across its Life and General Insurance businesses — the largest recognition ceremony in the company’s history.
The awards recognised achievements across sales, leadership, operations and corporate performance. Major categories included the Champion of Champions Awards, MD’s Club, CEO’s Club, CEO’s & Operational Excellence Awards, MDRT and COT, alongside numerous individual and team achievements.
Representing Amana General Insurance, Afzal Ibrahim was named Champion of Champions 2025, recognising his exceptional performance in sales during the year.
A member of the Amana Takaful family since 2010, Ibrahim has built a career characterised by consistent performance and dedication. His achievements in 2025 included winning the Malaysia Tour Competition, being recognised as the Retail Promoter and becoming the Sales Manager Category Winner.
These accomplishments culminated in the company’s highest individual honour, placing Ibrahim among Amana Takaful’s most accomplished sales professionals.
Asia Asset Finance PBT Surges 198% in First Quarter of FY2026/27
Asia Asset Finance PLC (AAF) has delivered a strong start to FY2026/27, recording significant growth in profitability, income, assets and shareholder returns for the three months ended June 30, 2026.
The company’s Profit Before Tax (PBT) surged 197.8% year-on-year to Rs. 877.9 million, compared with Rs. 294.8 million in the corresponding period of the previous year. Profit After Tax (PAT) also increased by 137% to Rs. 429.4 million, up from Rs. 181.2 million, reflecting the strength of AAF’s core operations and continued execution of its growth strategy.
Interest Income increased by 85.4% to Rs. 3.40 billion, while Net Interest Income more than doubled, rising 120% to Rs. 1.97 billion. The annualised Net Interest Margin improved to 13.9% from 10.6%, indicating stronger returns from the company’s interest-earning asset base.
AAF’s total assets expanded by 12.3% during the quarter to Rs. 60.42 billion. Meanwhile, the company’s loan portfolio grew by Rs. 3.51 billion to reach Rs. 50.51 billion, reflecting continued customer demand and momentum across its lending operations.
Commenting on the results, Asia Asset Finance PLC CEO Rajiv Gunawardena said the company’s strong first-quarter performance demonstrates the resilience of its business model, supported by its expanding islandwide presence, customer-focused solutions and disciplined approach to risk management.
Stronger Returns and Improved Asset Quality
Shareholder returns also recorded notable improvements during the quarter. Earnings Per Share increased to Rs. 3.46 from Rs. 1.46, while Net Asset Value per Share rose by 31.1% to Rs. 41.89.
Annualised Return on Equity improved to 34.4%, while Return on Assets reached 3.0%, highlighting the company’s stronger profitability and capital efficiency.
Asset quality also improved significantly during the period. The Gross Non-Performing Asset Ratio declined to 7.5% from 12.5%, while the Net Non-Performing Asset Ratio fell to 4.2% from 6.6%.
The company maintained a strong capital position, with Tier 1 Capital Adequacy at 18.96% and Total Capital Adequacy at 18.85%, both comfortably above the applicable regulatory minimums.
Overall, the first-quarter performance positions Asia Asset Finance for continued growth during FY2026/27, supported by stronger earnings, expanding lending activity, improved asset quality and a robust capital base.
Amana Takaful Annual Awards 2026 Honours Outstanding Achievers
