ISLAMIC FINANCE SCHOLARSHIPS FROM MALAYSIA

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...

Tapping $ trillion market

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...

Diploma course in Islamic Banking from Institute of Bankers

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...

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

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...

IBSL extends suspension on Ceylinco Takaful

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...

FROM SUKUK CONFERENCE ON 25TH AUGUST 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...

ISLAMIC FINANCE TODAY

'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,...

CEYLINCO PROFIT SHARING SHIFTED

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

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...

AMANA INVESTMENT – PETTAH BRANCH TO A NEW PREMISES

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...