Posted by: ISLAMIC FINANCE SRI LANKA on: November 11, 2009
11th November 2009
by N M M.Mifly (Naleemy) Senior Assessor (IRD)
Sri Lanka has been devastated for the last three decades by the ruthless war. The Lion’s share of the budget had to be diverted to combat terrorism. No major developments were carried out.
The commitment, sacrifice, patriotism and above all the able political leadership prevailed over the [...]
Posted by: ISLAMIC FINANCE SRI LANKA on: October 30, 2009
30th October 2009
Amana Investments that received provisional licence to open a commercial bank was supposed to commence banking operations in October. However, due to certain constraints, things did not work according the plan. They have requested permission from Central Bank to extend the period. Their Malaysian investors also were in Sri Lanka recently. It is [...]
Posted by: ISLAMIC FINANCE SRI LANKA on: September 24, 2009
09th October 2009
Negotiations with investors went on very well but put on hold due to a Sharia’a Ruling.
Key person of the proposed project was employed elsewhere and wanted to work on this project paralelly.
Sharia’a advisors instructed that Key person has to obtain the consent of his employer or to leave the job and get involved in the [...]
Posted by: ISLAMIC FINANCE SRI LANKA on: September 24, 2009
24th September 2009
Local Islamic Finance Institution is looking for a person with experience in insurance (conventional or Takaful) and with Islamic Finance knowledge. Preferably with qualification in Islamic Finance,, for immediate employment.
If interested, please send an email to azharhome@hotmail.com or
call me on +773 615666.
Posted by: ISLAMIC FINANCE SRI LANKA on: September 23, 2009
23rd September 2009
The Insurance Board of Sri Lanka has further extended the suspension of registration 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 period of three weeks commencing from 4.31 pm of [...]
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: September 2, 2009
02nd September 2009
Certified Islamic Professional Accountant (CIPA) program is designed to equip candidates with the requisite technical understanding and professional skills on accountancy for international Islamic banks and financial institutions. Through the CIPA program, candidates will gain advanced knowledge on:
Objectives and concepts of financial accounting for international Islamic banks and financial institutions.
Accounting rules and treatments [...]
Posted by: ISLAMIC FINANCE SRI LANKA on: September 2, 2009
02nd September 2009
The CIMA Certificate in Islamic Finance (Cert IF) is the first global qualification to be offered by a professional chartered accountancy body to focus on the fast growing sector of Islamic finance. It is available to staff currently working within the Islamic financial services industry and those entering this sector.
The certificate will be [...]
