NDB Shareek celebrates decade of Islamic Banking Excellence

NDB Bank marks a monumental milestone as its Islamic Banking arm, NDB Shareek, celebrates 10 years of providing Shariah-Compliant Banking and Financial solutions to Sri Lankans. This achievement is particularly significant, as NDB is among the few financial institutions in Sri Lanka to reach this remarkable milestone in the Islamic Banking space, the bank said in a media release. 

Established a decade ago, NDB Shareek Islamic Banking has upheld its mission of offering an Alternative Banking method in line with the Central Bank of Sri Lanka, regulations and Shariah principles.

NDB Shareek Islamic Banking empowers customers with a wide array of financial solutions designed to meet diverse needs. From Mudarabah Savings and Term Investments that offer competitive monthly and maturity profit payments to Wakala Term Investments, NDB Shareek has consistently delivered innovative, customer-centric services. 

At the recently concluded SLIBFI Awards 2024 (Sri Lankan Islamic Banking and Finance Industry Awards), NDB Islamic Banking clinched six awards, reinforcing its position as a leader in the industry.

Speaking on this milestone, Bahar Nayan, NDB’s Head of Islamic Banking, expressed his gratitude to customers, stakeholders, and the Shariah Supervisory Board who have contributed to the success of NDB Shareek, commenting, “This milestone reflects our unwavering dedication to serving the community with Shariah-compliant innovative Alternative Financial solutions. As we look forward to continuing this journey, we are proud to embrace our new tagline, Together We Grow, as a testament to our commitment to empowering our customers and setting new benchmarks in the Islamic Banking Industry.”