27.04.2011 - Sri Lanka Amana Bank in deal with Bank Islam

Sri Lanka's Amana Bank has signed a deal with Malaysia's Bank Islam, which is a shareholder, to get Islamic banking expertise. A company statement said that under the Technical Advisory Service Agreement, Bank Islam will play a "significant role" in transferring Islamic banking expertise to Amana Bank. Bank Islam has a 20 percent stake in Amana Bank with which it has been involved since 1999 as a strategic partner..............................................Full Article: Source

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