Islamic Banking

Apr 26, 2011 (LBO) – Sri Lanka’s Amana Bank has signed a deal with Malaysia’s Bank Islam, which is a shareholder, to get Islamic banking expertise. A company statement said that under the Technical Advisory Service Agreement, Bank Islam will play a “significant role” in transferring Islamic banking expertise to Amana Bank.

Bank Islam has a 20 percent stake in Amana Bank with which it has been involved since 1999 as a strategic partner.

This business venture was Bank Islam’s maiden overseas banking venture in line with our regional expansion plan, Bank Islam’s Managing Director Datuk Seri Zukri Samat said.

Samat and Bank Islam’s chief operating officer Jaafar Bin Abu have been appointed as directors of Amana Bank.