(PRESS RELEASE) – Amana Takaful Life Limited (ATLL), a fully-owned subsidiary of Amana Takaful PLC, rang the opening bell to commence trading and celebrate the listing ofits shares on the Diri Savi Board of the Colombo Stock Exchange (CSE) today.
The ceremony was attended by Directors of ATLL Dato’ Mohd Fadzli Yusof, Mr. Fazal Ghaffoor, Mr. M.H.M. Rafiq, ATLL CEO Mr. Gehan Rajapakse, Former CEO of ATLLMr. Reyaz Jeffrey and Head of Compliance Mr. A.H.M. Dilshad. CSE Chairman Mr. Vajira Kulatilaka, CSE CEO Mr. Rajeeva Bandaranaike and the Senior Management of the CSE were also present at the event.
Speaking at the event, Director at ATLL Dato’ Mohd Fadzli Yusof stated that the listing brings ATLL to the mainstream of the financial landscape in Sri Lanka. He noted “As you know Islamic Finance is no longer a niche market. It is emerging as a main component in the financial landscape globally.” Commenting on the emergence of Islamic Finance in Sri Lanka, he went on to state that the country has the potential to develop into the center of Islamic Finance in South Asia.
Mr. Vajira Kulatilaka, Chairman of CSE speaking at the event congratulated ATLL for achieving a successful listing and stated that the listing offers ATLL an avenue for further growth and development. He said “While listing on the CSE adds immense value and prestige, it also comes with obligations to investors and other stakeholders. ATLL going publictoday, marks an affirmation of the company’s commitment towards ensuring the highest standards of corporate governance and transparency.”
Amana Takaful Life Limited and its parent, Amana Takaful PLC are fully fledged Takaful companies, offering life and general insurance solutions respectively, in accordance with the principle of mutual guarantee. The company’s portfolio of products consists of Savings & Protection, Investment Linked, Group Life, Retirement (Pension), with an array of add-ons, including comprehensive medical/health plans and critical illness covers. ATLL distributes its products through an island-wide network of 26 branches, covering 22 districts.
Market Opening Ceremonies are conducted by the CSE to serve as a platform to generate exposure for listed companies as they celebrate important milestones in the capital market.