In terms of product and services, we at Amana Takaful take pride in benchmarking our delivery of value to that of world class service providers, whilst upholding the principles of Takaful. Our delivery will reach all our stakeholders including customers, staff, shareholders, suppliers, regulators and the community at large.
Our esteemed panel of Board of Directors, is drawn from a cross-section of industries. Their proficient expertise and in-depth experience have made a monumental contribution to developing Takaful, and continue to carry it to greater heights.
Mr. Tyeab Akbarally is the Chairman of the Company and a founding Board Member. He is also a Director of Akbar Brothers Ltd., the largest tea exporter in Sri Lanka. Mr. Akbarally’s business interests extends to a wide sector of the economy, including travel, hotels, garments and trading.
Mr. Osman Kassim is one of the main advocates, and the visionary behind the Amãna Group of Companies. He has been actively involved from the initial conceptualization of Amãna Takaful PLC and continues to partake in the decisions in determining and formulating the strategic path of the group as a whole.
He is also the Chairman of the Expolanka Group of Companies, which has grown phenomenally under his tenure. Mr. Osman Kassim is also the former Chairman of the Asia Pacific Institute of Information Technology (APIIT), Sri Lanka.
Mr. Dato’ Mohd Fadzli Yusof has been on the Board of Directors since the beginning. He was the Founder / Chief Executive Officer/Director of Syarikat Takaful Malaysia Berhad, the first Takaful operator in Malaysia and Asia since its incorporation in 1984, until his retirement in 2005. Mr. Yusof has been integral in developing Takaful in the Malaysia region.
Mr. Abdullah Kassim has been appointed as Independent Non-Executive Director to the Board effective from 05th May 2017.
Abdullah Kassim is a young business leader with an aptitude to take up challenging assignments. Kassim was instrumental in the turn-around of Neptune Papers, a Recycling operation in Sri Lanka, which was in distress at the point of his take-over. Previously he played the role as Head of Business Development of Expo Lanka Holdings PLC and was part of the core team that saw the company move from being a privately held business to a publicly listed company.
Mr. Abdullah Kassim holds a First Class (Hons) Bachelor’s Degree in Business Administration from Staffordshire University- UK and Masters (MSc) in International Business & Management from Manchester Business School, University of Manchester - UK.
Mr. Sulaiman joined Amãna Takaful PLC in 2002 as the Internal Auditor. His keen business acumen ensured that over the years, he progressed through various positions within the Company, contributing to its growth. He currently serves as the Managing Director of Amãna Takaful (Maldives) PLC, is an Associate Member of the Chartered Institute of Management Accountants (CIMA) UK, and holds an Honors Degree in Accountancy from the International Islamic University of Malaysia.
Dr. Ahmed Inaz has been appointed as Independent Director to the Board effective from 24th May 2021.
Ahmed Inaz, commenced his professional career in 1997 at the Maldives Monetary Authority. Having served as the Minister of Finance and Treasury in the past, he has held other prominent posts that include National Trade Policy Coordinator for the WTO and Deputy Minister at the Ministry of Economic Development and Trade. He is a nationally renowned speaker on economic policy. He currently serves as an Assistant Professor at the Maldives National University. He holds a PhD from University of Auckland, Auckland, New Zealand.
Mr. Ahmed Alau Ali has been appointed as Independent Director to the Board effective from 24th May 2021.
Alau Ali commenced his career in 1999 after completing tertiary education. He has gained experience both in trade and construction industry for over twenty years. Presently He is the Managing Director of ALIA Investments Pvt Ltd and serves as an Executive Director at ALIA Construction Pvt Ltd. Other notable positions currently held by Mr. Alau include the Chairman for the Board of Maldives Stock Exchange Pvt Ltd and Vice President of Maldives Association of Construction Industry. He holds a Bachelor’s Degree in Marketing and Communication from Western Michigan University, USA.
Our highly-qualified Management Team is comprised of proactive and skillfully trained professionals, dedicated to ensure that Amãna Takaful remains at the head of the Takaful insurance industry. Their excellent service, coupled with the knowledgeable expertise they offer our clients, has been the foundation of our continuous growth and success.
When Hareez Sulaiman joined Amãna Takaful Limited, Sri Lanka as the Internal Auditor in 2002, the Islamic finance industry was still in its infancy. His extensive audit experience in international firms, backed by the sound knowledge in finance, enabled him to make his career progression in the realm of “Takaful”, within a very short period of time.
In 2003, Amãna Takaful – Sri Lanka, decided to expand its national boundaries and picked Hareez to spearhead the Maldivian operation. The organisation which started off as a foreign branch-office with just two members of staff, grew from strength to strength under his charismatic leadership. Today, Amãna Takaful (Maldives) PLC is not just the pioneer in Islamic finance in Maldives but also the only public quoted insurance company in the country.
Ibrahim Riyaz joined Amãna Takaful Maldives in 2017. Prior to joining, he has worked for both public and private sectors for the past 25 years. A business development consultant by profession, he has pursued numerous assignments from conceptualising business plans, diagnosing organisational dilemmas to crafting strategies in his consulting career.
He holds a Master of Business Administration (MBA) from Australian Institute of Business.
Mohamed Imran Ramzan joined Amãna Takaful Group in 2006 and has been serving Amãna Takaful (Maldives) PLC over a decade with utmost dedication. He has a span of over seven years of experience in Client Relationship Management and Hospitality prior to joining Takaful Industry which awarded him the highest sales performance in multiple years.
He holds a Master’s degree in Business Administration (MBA) from University of Sunderland, UK and he also has an Extended Diploma in Strategic Management and Leadership from BTEC Edexcel, UK.
Shakir Mohamed has been serving Amana Takaful Group for over a decade and was seconded to Maldives in 2007 from Amana Takaful PLC, Sri Lanka. He has served the company in various positions during his career including Head of Finance and is presently serving as Head of Operations. He has been awarded as Associateship of the Malaysian Insurance Institute (AMII), ANZIIF (Snr Assoc) CIP. Post Graduate Diploma in Islamic Banking and Insurance from IIBI (UK), and also a Life Member of Association of Accounting Technician of Sri Lanka.
Siraj Nizam, joined Amãna Takaful Group in 2002, and was seconded to Maldives in 2013. He has over 15 years of experience in Accounting, Finance as well as Treasury and he has progressed through various positions during this period.
He holds a CIMA Advance Diploma in MA, UK and also holds an Award in Financial Planning with CII UK.
Asif Mohamed joined Amana Takaful Maldives in 2006 and he has served more than a decade in the Industry. He has an extensive knowledge and experience acquired over the years of service in cross-functional areas of business and management. He holds a Masters in Business Administration from Cardiff Metropolitan University, UK, Postgraduate Diploma in Islamic Banking and Insurance from Institute of Islamic Banking and Insurance (IIBI), UK and an Extended Diploma in Strategic Management and Leadership from BTEC Edexcel, UK.
Here at Amãna Takaful (Maldives) PLC, we pride ourselves on taking the utmost care to ensure, that every aspect of our business adheres to Shari'ah principles.
The role of our Shari’ah unit is to guarantee that our staff adheres to the highest standards in operational practices and principles in relation to both Takaful and Islamic Finance, through a series of regular training sessions. In addition, they conduct Shari’ah audits, provide valuable advice to the Board of Directors and ensure all new products are compliant with the principles of Islamic Finance.
Mufti Jakhura serves as vice-Mufti at the Darul Ihsan Centre and runs the Centre for Islamic Economics & Finance in Durban. He completed a three-year specialization in Islamic Jurisprudence (Fiqh and Fatwa) from Darul Uloom Karachi, Pakistan, under the guidance of Mufti Taqi Usmani, one of the Leading contemporary scholars in Islamic Banking and Finance. He currently serves on the Shariah Boards of several Islamic Financial Institutions.
Ash-Sheikh Huzaifah Hussain hails from Sri Lanka and is a known Scholar in the field of Islamic Finance for his contributions in several countries including Maldives. He is also a regular lecturer at Mahmoud Institute for Skill Development. Ash-Sheikh Huzaifah is actively involved in the Fatwa Committee of the All Ceylon Jamiyyathul Ulama (ACJU), which is the supreme body of Islamic Theologians in Sri Lanka
Sheikh Qasim is the Vice Chancellor of Islamic University of Maldives. He is a graduate from the Islamic University of Madina, where he qualified in Hadhees. He has also completed his PhD in Islamic Revealed Knowledge & Heritage (Fiqh and Usool Al-Fiqh) from the International Islamic University of Malaysia.
Takaful is the Islamic solution for insurance, and is a risk management concept that is based on mutuality and partnership that works on the principle of pooling donations together, to create a fund that safeguards the interests of all members. Making a contribution to a Takaful Insurance policy guarantees that you become a member of a common pool of funds. As a result, you are entitled to the cumulative benefits that apply under the rules of that fund. This concept allows individuals to collectively help each other in times of need, while distributing risks amongst a larger pool of people, whereby minimizing the risk borne per person.