Azharseylan's Blog

Archive for July 2009

SHAIKH SHAFIQUE JAKHURA HAS BEEN APPOINTED TO LOLC SHARIA’A BOARD

Posted by: ISLAMIC FINANCE SRI LANKA on: July 29, 2009

Shaikh Shafique Jakhura has been appointed to LOLC
Islamic Finance arm ‘Al-Falaah’ as a member of the
Sharia’a Board. He serves in the Fatwa Department
preparing and issuing Islamic Juristic rulings at the
Darul Ihsan Centre in Durban, Sour Africa. He has
specialised in Islamic Jurisprudence (Fiqh and Fatwa)
under the guidance of Mufti Taqi Usmani. He also
has an Advanced Diploma [...]

FIRST BARAKAH GETS A NEW CHAIRMAN

Posted by: ISLAMIC FINANCE SRI LANKA on: July 28, 2009

Mr. Shivajothi who has a wide range of experience in the fields of financing, insurance and accountancy
is the current Chairman of First Barakah Investments Limited. He has taken over 100 percent of shares and raised
its capital to over Rs. 200 Million.  The funds will be received by October 2009. This will help the First Barakah in [...]

AMANA TAKAFUL COMPLETED 10 YEARS

Posted by: ISLAMIC FINANCE SRI LANKA on: July 20, 2009

Amana Takaful, a subsidiary of
Amana Investments, completed
10 years of Takaful in Sri Lanka.
Director/CEO of Amana Takaful Insurance
Mr. Ehsan Zaheed in a recently held Awards Day
said that they have now reached a milestone
in Takaful and only brighter times lie ahead.

Amana impliments Sharia Risk Managment Framework

Posted by: ISLAMIC FINANCE SRI LANKA on: July 14, 2009

Amana Investments – Sri Lanka, has taken full stride in promoting
Islamic Finance and has furhter strengthened its compliance with
Sharia by setting up a new and foolproof
Sharia Risk Management Framework (SRMF) in May 2009.
The objective of the SRMF is to ensure a ‘Zero Tolerance’ culture
in all their departmental activities.  By implementing a strong
Zero Tolerance Sharia culture [...]

Sri Lanka Islamic Banking & Finance Conference

Posted by: ISLAMIC FINANCE SRI LANKA on: July 13, 2009

UTO Edu Consult Pvt Ltd organised
Sri Lanka Islamic Banking & Finance
Conference  that will be held in Colombo
on 20 & 21 July 2009 at Hotel Taj Samudra.
Mr. Channa De Silva, Director,
Securities and Exchange Commission, Sri Lanka,
will be the chief guest.
Investment per delegate: LKR 15,000 + 12% VAT + 3% NBT
More informaiton
visit http://www.utoeduconsult.com/download/SLIBF_bro.pdf

Ceylinco Profit Sharing – Re-structuring offer

Posted by: ISLAMIC FINANCE SRI LANKA on: July 9, 2009

Ceyling Profit Sharing that was offering
Islamic Finance solutions has offered its
investors an option to convert 35% of
their investments to share capital. This
will help the company to raise the capital
in order to apply for Finance company
Licence from Central Bank of Sri Lanka.
Meetings have been held with the existing
investors at the respective branch locations
to convey the message [...]

IFQ from First Global Knowledge Centre

Posted by: ISLAMIC FINANCE SRI LANKA on: July 9, 2009

First Global Knowledge centre, accredited agents for SII in Sri Lanka
has announced the enrollment of their next batch of students for
Islamic Finance Qualification – London.
Classes will be conducted at the FGKC auditorium at
Wellawatte, Colombo 6.

Islamic Finance Training in Kandy

Posted by: ISLAMIC FINANCE SRI LANKA on: July 7, 2009

Intitute of Business Studies commenced their Diploma
in Islamic Banking and Finance Course in Kandy. This is
is the second batch that has been enrolled and classes
are conducted on Sundays from 2.00 p.m to 4.00 p.m.
Sheik Mihlar, Post Graduate in Islamic Finance from
Islamabad Islamic University is the course cordinator.
He is a Graduate from Jameah Naleemiah and completed
his [...]

First Global Knowledge Centre to offer IFQ qualification in Qatar

Posted by: ISLAMIC FINANCE SRI LANKA on: July 7, 2009

First Global Knowledge Centre (FGKC) member of the
First Global Holdings-Sri Lanka, will be offering
Islamic Finance course in Qatar to prepare the
students for IFQ London Exam.
Mr. M H M Faizer, Strategic Adviser to First Global who was
in Qatar recently signed the agreement.

First Global Investments appoint Strategic Adviser

Posted by: ISLAMIC FINANCE SRI LANKA on: July 7, 2009

Mr. M H M Faizer has moved in to First Global Investments
as a Strategic Adviser. First Global Investments commenced
offering Islamic Financial Services in March 2008. Mr. Ikram
Thowfeek, the MD of First Global is exploring the business
potential overseas.
Mr. Faizer who has returned from Hong Kong last week
has taken task of making strategic moves. With his
experience in [...]