Sri Lanka’s Amana Bank began operations this month as the island nation’s first shariah-compliant commercial bank, underscoring the growing popularity of Islamic finance in the region.

The market for Islamic finance in the country is not large — estimated at some $1.5bn — and while Muslims make up less than 10 per cent of the country’s population of 21m people, Islamic finance is gaining wider acceptance……………………………………….Full Article: Source