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Sri Lanka Amana Bank gets Islamic banking license

Posted on 04 February 2011

From Lankabusinessonline.com: The Monetary Board of the Central Bank of Sri Lanka has given a commercial banking license to Amana Bank. “Amana Bank will be Sri Lanka’s first licensed commercial bank to conduct all its business operations in complete harmony with the principles of Islamic banking,” it said.
The bank’s shareholding amounts to 3.4 billion rupees and constitutes both strategic and retail shareholders with the capital raised by a private placement of shares, the statement said……………………………………….Full Article: Source

 
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