Posted by: ISLAMIC FINANCE SRI LANKA on: November 12, 2009
12th November 2009
Source:
http://www.peacemuslims.org/Ceylinco_Kathankudy_branch_owes_
Rs128_mn_to_depositors-20-1315.html
Ceylinco Kathankudy branch owes Rs128 mn to depositors
Thursday, 05 November 2009
“The Ceylinco Profit Sharing Investment Company’s Kaathankudy branch alone has 1727 customers and a total of over Rs. 73 million in fixed deposits and over Rs. 55 million has been deposited in savings accounts.” This was disclosed at a press conference held by [...]
Posted by: ISLAMIC FINANCE SRI LANKA on: September 14, 2009
A sum exceeding Rs. 67 million has been released to Sithy Rameeza Sahabdeen wife of a Provinical Council Minister, between 2004 and 2005. She was a chairperson of four different companies to which these monies were released periodically over one and a half years.
The four companies operated under the names of M/s Serendib Manufacturers Lanka (Pvt) [...]
Posted by: ISLAMIC FINANCE SRI LANKA on: September 14, 2009
14th September 2009
By Bandula Sirimanna
Close on the heels of the collapsed Golden Key Credit Card Company, another Ceylinco venture based on Islamic Shariah Law, Ceylinco Profit Sharing Investment Company Limited (CPSICL) is having a severe financial crisis with 10,000 depositors demanding their money back.
Their total investment amounts to Rs.800 million. Depositors of Ceylinco Profit Sharing [...]
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. [...]
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.
Posted by: ISLAMIC FINANCE SRI LANKA on: August 7, 2009
Ceylinco Takaful Limited is the Second Takaful Company registered in Sri Lanka.
It was incorporated on 28th September 2005 and started operation on 16th May 2006.
It has been registered with the Insurance Board of Sri Lanka (IBSL) under regulation of
Insurance Industry Act No. 43 of 2000. The technical collaborator is SHIEKAN Insurance &
Reinsurance, Sudan who are the pioneer Takaful operator in the world.
Ceylinco Takaful is a member of Ceylinco Group, which is presently encountered with legal constrains.
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 [...]
