Amãna Bank was recently adjudged the IRBA Social Responsible Bank of the Year 2019in recognition for the Bank’s flagship CSR venture Amãna Bank Orphan Care. Held in Muscat – Oman, the IRB Awards is a platform that recognizes the performances and projects of non-interest based financial institutions from all across the globe.
Amãna Bank Orphan Care was launched earlier this year with the aim of addressing a very important yet mostly unattended need of orphan children; which is to secure the fate of orphans once they reach the age of 18 and are compelled to leave institutional care. Through Orphan Care, the Bank is accumulating deposits to accounts of enrolled orphan children, who will be able to access such funds when they reach the age of 18.
With over 14,000 registered orphans in the country, Amãna Bank Orphan Care which is established as an independent trust with all operational expenditure of the trust borne by Amãna Bank, has to date enrolled over 2,500 orphans to the program representing 75 orphanages with the objective of reaching out to all orphans in the country.
VP Retail Banking & Marketing Siddeeque Akbar said “We are truly honoured to have our OrphanCare initiative being recognized on an international platform, which testifies the global appeal OrphanCare has achieved in a short period since launch.”
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