NDB Bank Celebrates a Decade of Excellence in Islamic Banking with Multiple Wins at the SLIBFI Awards 2024


This year of 2024, NDB proudly signifies excellence in Islamic banking as it reaches a decade of operating within the Islamic banking space, along with having clinched multiple awards in the recently held SLIBFI (Sri Lankan Islamic banking and finance industry) Awards 2024. This year stands out from the rest; while having been awarded in the past, this year, NDB Bank—Shareek bags an impressive 6 awards that signifies its unwavering commitment to innovation, ethical practices, and the dedication of staff towards uplifting the industry.

The coveted accolades bestowed upon NDB Bank in the sphere of Islamic banking for the year 2024 stand as a testament to its unparalleled expertise, strategic foresight, and unwavering pursuit of excellence. These accolades not only reflect the vision of IBU at NDB Bank, but also further foster growth in overall objectives, thereby reinforcing its position as a trusted partner for customers seeking Sharia-compliant financial solutions that are both innovative and sustainable.

The 6 accolades consist of 3 unit awards, namely Deal of the Year – Gold, Islamic Finance Window Unit of the Year - Silver, and SDG Client of IB – Silver. Furthermore, Bilal Rafeek and Fahmi Rahim grabbed the Gold and Silver awards for Rising Personality of the Year – Male that were on offer, along with Misna Mizra completing the list with a Merit for Rising Personality of the Year – Female, which signifies a rounded representation of the awards.

Furthermore, these achievements would not be possible without the support of key functions within the organisation, such as Wholesale Banking, Business Banking, and Retail Banking, along with other support functions, and the dedicated staff members at IB Operations spearheaded by the leadership and guidance of Bahar Nayan, Head of Islamic Banking at NDB, who form the backbone of the unit, synergising diverse talents, expertise, and perspectives to deliver unparalleled value to its customers.

Additionally, key contributors to this success include Indika Ranaweera, Carmalie Virangika, and Himansu Wickramasinghe from Business Banking, whose steadfast support was instrumental in winning the coveted Deal of the Year – Gold award.

As NDB Bank strives to chart new territories and boundaries in Islamic banking, NDB Bank – Shareek is poised to continue its transformative journey to greater heights.

NDB Bank is the fourth-largest listed commercial bank in Sri Lanka. The Bank was named the Retail Bank of the Year (Sri Lanka) at Asian Banking & Finance Retail Banking Awards 2023 and the Best Corporate Bank 2023 by Asiamoney and also emerged as the Most Awarded Corporate in Sri Lanka in 2022 for the second consecutive year, as per the annual rankings of Sri Lankan publication LMD. The Bank was adjudged the Best Bank in Sri Lanka 2022 by Global Finance USA and Euromoney in their annual best bank awards programmes. Additionally, The Bank was named one of the "Top 50 Best Workplaces in Sri Lanka 2022" by Great Place To Work, USA. NDB is the parent company of the NDB Group, comprising capital market subsidiary companies, together forming a unique banking and capital market services group. The Bank is committed to empowering the nation and its people through meaningful financial and advisory services powered by digital banking solutions.

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