Amana Takaful Life's recent IPO via an Offer for Sale of LKR 75 million was oversubscribed on its opening day, demonstrating strong investor confidence in the company. With the listing Amana Takaful Life also becomes the first publicly quoted segregated life insurer in Sri Lanka, following the mandatory segregation of Life and General insurance companies on 1 st February 2015, in compliance with Insurance Board of Sri Lanka's (IBSL's) Regulation of Insurance Industry (Amendment) Act, No. 3 of 2011.