Posted by: ISLAMIC FINANCE SRI LANKA on: November 3, 2009
03rd November 2009
First Barakah Investments that was to bring in new capital of LKR 250 Million in October, did not materialise. It is learnt that Inshal Allah the new capital will be introduced during November.
Mr. G. Sivajothi is the Chairman and Mr. L. Jamaldeen is the Executive Director. Mr. M.M. Rajabdeen is also one of the Directors.
According [...]
Posted by: ISLAMIC FINANCE SRI LANKA on: October 1, 2009
01st October 2009
Mr. M.I.M. Razeek, Managing Director – First Baraka Investments has
resigned from the Board. However, he will continue to extend his
services to First Baraka as a consultant.
First Baraka Investment presently undergoing a re-strucuring under the new Chairman Mr. G. Sivajothi. They have applied for the Finance Company Licence and are awaiting CBSL approval.
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 [...]
Posted by: ISLAMIC FINANCE SRI LANKA on: June 19, 2009
Mr. Shiran Nooramith resigned from First Global Investments.
He was instrumental in setting up Islamic Micro Finance Unit
of First Global Investments.
Shiran was the CEO of Arpico Finance which he left inorder to
set up Daa’im Investments a Islamic Finance Company.
Daa’im could not be taken forward due to regulatory issues.
Then Shiran joined First Global Group.
Now Shiran is planning to concentrate [...]
Posted by: ISLAMIC FINANCE SRI LANKA on: June 18, 2009
First Baraka Investments (formerly ABC Baraka Investments) shifted their office to a new location at
No.55, 5th Lane, Colombo 3, (Sri Lanka) facing R.A.De Mel Mawatha. First Baraka is offering Islamic Financial Services in Sri Lanka
First Baraka, established on 18th July 2007 and now strives to achieve a license to act as a finance company under the [...]
