Azharseylan's Blog

Archive for August 2009

ISLAMIC FINANCE SCHOLARSHIPS FROM MALAYSIA

Posted by: ISLAMIC FINANCE SRI LANKA on: August 31, 2009

31st August 2009
ISLAMIC FINANCE SCHOLARSHIPS FROM INTERNATIONAL CENTRE FOR EDUCATION IN ISLAMIC FINANCE (INCEIF) -MALAYSIA – For The CIFP Programme January 2010 Intake
Message received from Dr. Shahul Hameed – Head of CIFP
QUOTE
Please disseminate the good news. The last scholarship intake in June , we received about 140 applicants and 70 were selected . 35 international [...]

Tapping $ trillion market

Posted by: ISLAMIC FINANCE SRI LANKA on: August 31, 2009

31st August 2009
Islamic finance has to be looked at in the context of attracting new investments while not harming governments’ revenue streams, a promoter said.
Darshan Bijur (42) who heads KPMG U.K.’s Islamic Finance Department told The Sunday Leader that having enabling legislation to promote Islamic Finance unleashes the potential to dip into a U.S.$ one [...]

Diploma course in Islamic Banking from Institute of Bankers

Posted by: ISLAMIC FINANCE SRI LANKA on: August 31, 2009

31st August 2009
The Institute of Bankers of Sri Lanka (IBSL) launched a Diploma Course in Islamic Banking with the assistance of professional resource persons drawn from the country’s pioneering institution in Islamic Financial Services, Amana Investments Limited.
The Amana resource pool facilitated the course by designing the diploma structure including its contents as well as providing the [...]

Sukuk certificates to attract Muslim Investors – CEO of RAM Ratings Lanka

Posted by: ISLAMIC FINANCE SRI LANKA on: August 31, 2009

31st August 2009
Sukuk certificates to attract Muslim millions for post-war development

By Dilshani Samaraweera

 
Sri Lanka has been urged to use Sukuk, (Islamic financial certificates), to channel millions of dollars of Muslim community funds into post-war development projects. According to market estimates, funds worth US$ 150 million are in circulation, in the form of informal arrangements, among [...]

IBSL extends suspension on Ceylinco Takaful

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

28th August 2009
The Insurance Board of Sri Lanka (IBSL) has extended the suspension imposed on Ceylinco Takaful Ltd. in respect of General Insurance Business in Terms of Section 18 (4) (b) of the Regulation of Insurance Industry Act, No. 43 of 2000 for a further three weeks from August 26, 4.31 p.m. to 4.30 p.m. [...]

FROM SUKUK CONFERENCE ON 25TH AUGUST 2009

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

27th August 2009
Sukuk: alternative finance the way forward?
By Cheranka Mendis
Every dark cloud has a silver lining, and so did the global meltdown. In the teeth of the crisis, Sri Lanka has gone to learn two key factors which could revitalise the system and bring about sound development and growth in the financial structure of the [...]

ISLAMIC FINANCE TODAY

Posted by: ISLAMIC FINANCE SRI LANKA on: August 27, 2009

‘Islamic Finance Today’ is a Quarterly Magazine published by
Pioneer Publications – Sri Lanka. Since launch of its first Issue
in September 2006, it has published many articles on Islamic Finance.
Listed below are the titles of the articles. Previous issues of the
magazines could be purchased from Pioneer Publications subject to
availability. 
For enquiries, Please send an email to the [...]

CEYLINCO PROFIT SHARING SHIFTED

Posted by: ISLAMIC FINANCE SRI LANKA on: August 24, 2009

24th August 2009
Ceylinco Profit Sharing has shifted their main office to
No.3/1, Melbourne Avenue, Colombo 4.
Ceylinco Profit Sharing is yet to announce their future plans.

FIRST ISLAMIC INDEX FOR SRI LANKA

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

14th August 2009
Dow Jones Indexes, a leading global index provider, and Amana Securities Limited, a trading member of the Colombo Stock Exchange launched the Dow Jones Islamic Market (DJIM) AMANA Sri Lanka Index.
DJIM Amana Sri Lanka Index tracks the performance of Sri Lankan companies that comply with Sharia’a-based investment principles. As the pioneering and sole [...]

AMANA INVESTMENT – PETTAH BRANCH TO A NEW PREMISES

Posted by: ISLAMIC FINANCE SRI LANKA on: August 12, 2009

18th August 2009
Amana Investments Limited shifted their Pettah branch to a spacious new premises ahead of commencing Banking activities.
The new branch at No.129 Main Street, Colombo 11, was opened by Mr. Faizel Saleh, CEO of Amana Investments at a simple ceremony.
The Pettah branch is headed by Senior Manager Mr. Rizah Ismail, who is an experienced banker.
Amana [...]