| From Lankabusinessonline.com: Informal entities that have been operating as Islamic financiers in Sri Lanka will have to get their houses in order and become fully compliant with supervisory regulations ahead of a new law on deposit taking, an industry official said.
"Some IFIs (Islamic financial institutions), because the owner is a well-known figure, have been able to raise a lot of money," Faizal Salieh, managing director of Amana Investments, a Sri Lanka-based firm, told a forum in Colombo organized by Educonsult, a consultancy..............................................Full Article: Source
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