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Sri Lanka: First Barakah Investments Limited is expecting Central Bank approval

Fri, 2009-04-17 18:59 — IslamicFinance.de

Anjana Samarasinghe reported that First Barakah Investments Limited is expecting Central Bank approval to operate as a registered finance company shortly in Sri Lanka shortly. The company also expects to apply for banking licenses within two years time.

Barakah Investments will introduce ‘SUKUK’ an alternative way of bonds in Islamic finance to the market. The Government of Sri Lanka also expects to raise funds through SUKUK.

Source: 

http://www.dailynews.lk/2009/04/09/bus02.asp

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