Program on Certification in Islamic Wealth Management in Colombo

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Islamic Banking in Srilanka – 29th January 2013

Program on Certification in Islamic Wealth Management

in Colombo

A program on certification in Islamic Wealth Management will be held from 30 to 31 January from 8:30 a.m. to 5:30 p.m. at the Renuka Hotel, Colombo 3. 
The event is organised by the TAAAL Group in collaboration with the First International Consultant of Malaysia (FiC).
The resource persons will be Mohd Fadzi Yusuf, who retired as the founding CEO of Malaysia’s pioneer Takaful operator, Syarikat Takaful, Malaysia Berhard, and Wan Zamri Bin Wan Ismail, an associate of the Malaysian Institute of Insurance.

TAAAL Group, founded by Talib Sanoon, has embarked on a unique program in collaboration with FiC to provide a comprehensive wealth management program inclined towards Islamic investment institutions and possible conventional investment companies or banks wanting to set up wealth management
The program is targeted at executives, managers and decision makers of different institutions who are keen to certify themselves and their employees.
According to Sanoon, TAAAL Group specialises in corporate consultancy training and development, mentoring and coaching and events.
The principles of the organisation are based on learning and partnerships on care and trust.
Resource person Yusuf had also served as a Senior Manager of Malaysian National Insurance Berhad, then the largest insurance group in Malaysian.
His contributions to Global Islamic Finance included providing primary assistance in establishment of Takeful operation in Brunei, Indonesia, Saudi Arabia, Bangladesh and Sri Lanka. He served the Task Force on Islamic Finance of the LOFSA. He is currently a Board member of Heitech Padu Berhad. He is founder Director of FiC. Ismail has more than 30 years of experience in the industry, of which 25 years were with Takaful. He was appointed as the first CEO of Asean Retakaful International. He helped to set-up Dar Al Takaful (Dubai) and was later appointed as its first CEO.
Ismail is currently retained as a Consultant in FiC and is also pursuing an Msc in Islamic Banking and Finance.
For registration for the program email;

PS: Course fee is Rs. 15,000/-. Discount available for students.


Amãna Takaful looks ahead to another exceptional year of winning

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Islamic Finance in Srilanka- 2013-01-25

Amãna Takaful looks ahead to another exceptional year of winning


Amãna Takaful, one of Sri Lanka’s fastest growing composite insurers recently presented its annual plan cascade to its staff. Under the theme ‘We are winning’, all staff members were presented with the 2012 performance of the company highlighting the year and the milestones achieved above expectations on many fronts.

“We are winning. Our growth trajectory is promising and we have expanded to new markets in 2012. This year we are even more bullish to reach the homes and offices of more Sri Lankans to introduce them to the concept of Takaful through products of mutual value”, said Fazal Ghaffoor, Chief Executive Officer, Amana Takaful PLC, making a presentation to the audience that had converged from all branches.

The event was attended by almost the entire staff together with members from the Board of Directors. The respective Heads of Departments presented the highlights of 2012 and plans for the year 2013 focusing on its development and growth plans in its respective areas. Amãna Takaful reported an impressive growth of 26% for the nine months to September 2012, well above the industry’s 12.2% and looks forward to releasing the results of the 4th quarter 2012.

The company’s performance in terms of total Gross Written Premium (GWP) of Rs 1,151.5 million up to September 2012 compares with Rs 913.6 million in the same period of 2011. The General Insurance business accounted for Rs 891.0 million, growing significantly at 28.5% over the comparative period in 2011. The Life segment’s Gross Written Premium of Rs 260.4 million to September 2012, reflects a growth of 18.4% over the corresponding period last year. These results reflect a substantial upside against the industry performance of 18.3% and 4.4% on General and Life businesses respectively as at end September 2012.

With branches in 21 locations islandwide, Amãna Takaful has been successful in its journey of more than a decade, in establishing a strong position for the concept of Takaful amidst stiff competition with 20 other conventional industry players. The company has been able to deliver unique value, the Takaful way, to corporates and individuals alike as a composite insurer.



Islamic Banking products training by Meezan Bank

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Meezan Bank conducts trainings on Islamic Banking products for Amana Bank, SriLanka
Colombo, Sri Lanka –Meezan Bank conducted a comprehensive 3 day training on Islamic Banking products for the management team of Amana Bank, Sri Lanka. The training session held at the Amana Bank head office in Colombo, covered 24 products for financing, liability, treasury, trade finance as well as other Shariah-compliant products.

Meezan Bank’s representatives, Mr. Ahmed Ali Siddiqui – Head of Product Development and Shariah Compliance and Mr. Asim Hameed Khan- Islamic Advisory, conducted the trainings which were attended by the Senior management, middle management and nationwide branch staff of Amana Bank, Sri Lanka.  Addressing the audience, Mr. Mohamed Azmeer – COO, Amana Bank appreciated Meezan Bank’s trainings and highlighted them as a vital tool in their plans to launch the new Islamic Banking products. Mr. Faizal Salieh – Managing Director / CEO, Mr. Fazly Marikar – Head of New Product Initiative & Gold Unit and Moulavi Siraj Najubdeen –  Head of Shariah Supervision, were amongst the Amana Bank trainees at the session.

The training was part of an agreement signed earlier in 2011, between the two Banks under which Meezan Bank is providing Technical and Shariah Advisory Services to Amana Bank – Sri Lanka. Meezan Bank’s Islamic Financial Advisory function assists Financial Institutions develop Islamic banking alternatives under the guidance of its Shariah Supervisory Board.


Capital Market Conference @ Galadari by UTO Educonsult

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Islamic Banking in Sri Lanka – January 14th, 2013

Capital Market Conference 

UTO EduConsult, the company that introduced several new pioneering events, is pleased to announce its first Capital Market Conference, “CAPM 2013”. The conference is expected to bridge the gaps between various sectors in the finance industry, with the participation of experts and industry leaders in the areas of Banking, Insurance, Stockbrokering, Mutual Funds, Venture Capital, Private Equity and the relatively new entrant, Islamic Finance. In an era of change, the areas of good governance and regulations will also be addressed in this landmark event.

DATE/ TIME : 22nd January 2013 – 9.00 A.M. TO 5.00 P.M.







REGISTRATION: Rupees 8,000/-

  • Group discount of 10% for multiple registrations of 3 participants and above.
  • 10% discount for CIMA members

Further information:

AAKIF – +94777466488 –

SHERMANA – +94 777668575 –

Event organiser –

UTO EduConsult (PVT) LTD
82 B/1 Bauddhaloka Mawatha, Colombo 04, Sri Lanka
(+94) 115831867 | (+94) 115842887

Islamic Banking Vacancy @ HDFC Bank

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Islamic Banking in Sri Lanka – January 14th, 2013


CLOSING DATE: 20th January 2013

Qualificaiton & Experience

  • should possess at least -3 years of Islamic Banking Experience at managerial level with proven track record
  • Experience in other areas of banking specially with sufficient exposure to the trade
  • Candidates with foreign exposure in Banking and Financial services industry will also be considered
  • should be a self-motivated starter

Age: Between 40 – 60 years

Applicants who wish to apply for the above post should forward their applications to reach HDFC Bank within 07 days from the date of advertisement under Registered cover.

The Chief Manager – HR & Admin
P O Box 2085, Colombo

The HDFC Bank is a licensed specialised Bank quoted in the Colombo Stock Exchange and is looking for a competent, dynamic & result-oriented individual with a proven track record to fill the above vacancy.

Sunday Observer – 13th January 2013 – Page 58

Islamic Banking and Finance workshop by First Global Knowledge Centre

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Islamic Banking in Sri Lanka – January 14th, 2013

First Global Knowledge Centre conducted a workshop on Islamic Banking & Finance at their Auditorium on 12th January 2013 from 9.00 a.m. to 5.00 p.m.

Program was conducted by Mr Muad Mubarak and Mr Mohamed Azan.

First Global Knowledge Centre is the Pioneering institute in Islamic Banking education preparing students for the Islamic Finance Qualification (IFQ) offered by CISI London.

Next intake will be announced shortly.
for inquiries – call Anfaz – 0777 868970 or Irshad – 0774 616710
Phone: 0117395090


Islamic Banking vacancies @ Amana Bank

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Islamic Banking in Sri Lanka – January 14th, 2013

Vacancies for Business Development Officers at Amana Bank

CLOSING DATE: 21st January 2013

The profile:

  • Possess an outgoing personality with a flair for sales
  • Be below 25 years of age
  • Experience in Banking Sales would be a definite advantage

Key Accountabilities:

Promote the Bank’s products to customers and maintain a healthy customer portfolio. Engage in cross selling of the Bank’s products and maintain excellent levels of service with customers.

Send your resume with the names of two non-related referees indicating the position applied for on or before 21st January 2013 to –

source: Sunday Observer, January 13th, 2013 – Page 83


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