30.03.2011 - Sri Lanka to devise Islamic finance specific regulations

Sri Lanka expects to devise Islamic finance specific regulations this year following ongoing consultations with the industry, though the first commercial bank on alternative finance has been licensed on existing rules, an official said. "We are open for discussion and change, going forward," Yvette Fernando, director, bank supervision at Central Bank told a forum in Colombo. "We welcome any input for separate regulation."..........................................Full Article: Source

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