Islamic Finance Forum of South Asia celebrates decade of excellence

THE Islamic Finance Forum of South Asia (IFFSA) marked a landmark celebration this year, bringing together industry leaders, policymakers, and practitioners for its 10th edition at Shangri-La Colombo.

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The evening was a triple celebration, featuring the ‘Annual IFFSA Awards’ Ceremony, the ‘Decade of Excellence’ Awards honouring ten years of consistent achievement, and the commemoration of ‘20 years of UTO’, to which UTO EduConsult, the company behind the initiative, belongs.

The event was graced by KPMG Sri Lanka and Maldives former Managing Partner Reyaz Mihular, who delivered the Keynote address and Maldives Monetary Authority Deputy Governor Aishath Asna Hamdhi

In the first segment of the evening, the Annual IFFSA Awards were presented, recognising 20 institutions across 30 categories for their achievements and contributions to Islamic Finance in the region. This year’s winners were selected through a rigorous evaluation process overseen by an independent panel of judges, including leading academics, industry experts, and financial professionals from across South Asia.

The awards spanned a wide range of categories, from awards for the best performing banks and takaful institutions, to recognitions for product innovation, social impact, and leadership in the Islamic Finance sector.

Marking its 10th year, this year’s IFFSA Awards introduced a special set of Entity of the Decade Awards, recognising institutions that have demonstrated consistent excellence in their respective categories throughout the past decade. These honours included distinctions such as Bank and IBU, Insurance (Takaful) Company and Unit, NBFI, Asset Management company, CSR Project, Service Provider, Microfinance Entity, of the Decade, culminating in the pinnacle recognition, the ‘Entity of the Decade’ Award.