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Islamic Finance Briefing - Categorized | Banking, Investment more

Sri Lanka: Islamic banking to attract foreign investments

Posted on 07 September 2012

The local Islamic banking industry which stands to benefit from increasing GDP growth, exceeding 8% in 2011, is poised to attract more investment flows from Middle East and Far Eastern countries.
“The customer base of Islamic banking has gradually increased and the industry has managed to attract sufficient interest from the domestic market, both Muslim and non Muslim. The current non Muslim consumer market in Sri Lanka, comprises more than 20% of its total Islamic banking market shares, which figures are expected to increase due to education and awareness of Islamic banking products’ increase in the country,” Amana Bank CEO and Managing Director Faizal Salieh said………………………………………..Full Article: Source

 
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