IslamicFinance.de

Suresh R I Perera, Principal – Tax and Regulatory, KPMG Ford, Rhodes, Thornton & Co stated that there were many milestones achieved towards Islamic Banking in Sri Lanka. The statement was given at 3rd Sri Lanka Islamic Banking and Finance Conference which was held in Colombo.
Faizel Salieh, Managing Director/CEO , Amana Bank Ltd , added that if they are to build the right attitude of Islamic Banking and Finance (IBF) in Sri Lanka there should be right behaviour in the whole financial market and the quality dimension over the quantity dimension and a high level of conviction is also important.

The Amana Group was recently given a Letter of Provisional Approval by the Central Bank (CB) to establish a licensed commercial bank named Amana Bank Ltd., among the conditions is to raise a minimum capital requirement of Rs 2.5 bn.