Amãna Bank conducts Governance Risk Compliance Forum

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Amana Bank recently conducted its Governance Risk Compliance (GRC) Forum at Mandarina Hotel.

The GRC Forum focused on the integrated collection of capabilities and global best practices that

enables the bank to reliably achieve its objectives while addressing uncertainty and ensure compliance through principled performance. Local and international subject experts including the bank’s Directors and other special invitees addressed the forum through informative presentations sharing a wealth of experience with the audience, which included Branch Managers, Head of the Departments, and Customer Relationship Managers.

GRC Forum 2022 began with a welcome note by MD/CEO Mohamed Azmeer, followed by the opening remarks made by Amana Bank Chairman Asgi Akbarally, highlighting the importance of GRC from the Board’s perspective. Then the audience was enlightened by the bank’s retired Founder Chairman Osman Kassim, who shared his hands-on experience on the importance of upholding the bank’s unique People Friendly Banking model, highlighting how the concept takes a profit-sharing, risk-taking and participative approach in all customer engagements. The Board Consultant and Ex-Board Audit Committee (BAC) Chairman, Jazri Ismail, delivered an experience-sharing speech on governance highlighting the existing corporate governance models worldwide.

Ensuring model compliance at all levels and adhering to the unique banking principles were addressed by special Guest Speaker Dr. Aishath Muneeza, who serves as an Associate Professor at INCEIF University, Malaysia. Dr. Muneeza was the first female Deputy Minister of the Ministry of Islamic Affairs in Maldives and was Deputy Minister of the Ministry of Finance and Treasury in Maldives.