25.04.2011 - Islamic finance catching up the world
Salient characteristics of Islamic finance are establishing Shariah compliance mechanism; Issue guidelines on prudential issues & addresses the unique characteristics of Islamic financial contracts, ensuring a level playing field, indicated Ms Yvette Fernando, Director, Bank Supervision , Central Bank, Sri Lanka. She said that any investor whether Islamic or otherwise, when they do not get a reasonable return on the investment from licensed banks, they come to the Central Bank calling for relief, so they would introduce appropriate regulations to be applied to all the financial institutions to safeguard the interests of the investors..............................................Full Article: Source
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