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Islamic Finance Briefing - Categorized | Banking, Compliance, Tax, Legal, Regulatory more

Sri Lanka: Amana gets banking license

Posted on 24 January 2011

From Dailymirror.lk: Amana Bank Limited, which obtained the provisional approval license from the Central Bank last year to become a bank have been granted the go-ahead of the Minister of Finance to operate as a commercial bank in the country.
According to the senior officials of Amana, the new bank will start operations in the near future as Sri Lanka’s first commercial Islamic Bank following the Shari code of ethics. Amana Bank last year raised 3,159 million rupees by selling 631.9 million 5.00 rupee shares in a private placement deal……………………………………….Full Article: Source

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