Sri Lanka’s banking watchdog – Central Bank said that it will accommodate Islamic banking and finance within the existing legal and regulatory framework.
Central Bank Director – Bank Supervision Yvette Fernando said, “The Banking Act was amended in 2005 and still some of the provisions are being amended. As the regulator we are doing the necessary changes in a very prudent manner.” She made these remarks at the first Islamic Finance news (IFN) Road Show held at the Hilton Colombo, recently………………………………………..Full Article: Source