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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Sri Lanka: ComBank commences Sharia-compliant Banking

Posted on 20 June 2011

The Commercial Bank of Ceylon is launching ‘Sharia Compliant Banking’ to better serve an important segment of its customer base that requires Sharia-compliant financial products based on Islamic principles.
The Bank has announced the appointment of three eminent scholars in Islamic jurisprudence to its Sharia Board, to guide the operations of its new Islamic Banking Unit and to conduct periodic audits to ensure that all transactions conform to the parameters of the Sharia……………………………………….Full Article: Source

 
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