01.09.2011 - Islamic finance comes to Sri Lanka
Sri Lanka’s Amana Bank began operations this month as the island nation's first shariah-compliant commercial bank, underscoring the growing popularity of Islamic finance in the region. The market for Islamic finance in the country is not large -- estimated at some $1.5bn -- and while Muslims make up less than 10 per cent of the country's population of 21m people, Islamic finance is gaining wider acceptance..............................................Full Article: Source
Print