LBO Home IndoChina | About Us | To Advertise | Contact Us rss LBO Mobil rss rss rss rss rss
Sri Lanka sells $100mn of 5 year development bonds; rejects all bids at 2 and 3 years | Fitch affirms HSBC Sri Lanka branch at 'AAA(lka)'; outlook stable | Sri Lanka Freedom Party yet to decide a disciplinary action who participated pro-MR rally | Sri Lanka's President appoints a new law commission | Sri Lanka’s NDB-DFCC merger awaiting new regime’s go ahead | Ultra small computer by Intel; first look in Sri Lanka | Sri Lanka's micro-finance sector to access CRIB through a new regulation | Sri Lanka to get Chinese funded hospital for kidney patients; China to support SL on alleged human rights issues | Sri Lanka Siyapatha Finance PLC rated 'A(lka)' with a stable outlook : Rating agency | Sri Lanka’s AMW Capital Leasing and Finance upgraded to 'BBB+(lka)' : Fitch Ratings                                          
Sun, 29 March 2015 08:49:57
Sri Lanka lawyers, accountants promote Islamic finance
19 Mar, 2011 14:06:31
Mar 19, 2011 (LBO) - Top organizations representing Sri Lanka's lawyers and accountants have brought together experts in Islamic finance to broaden understanding of one of the faster growing niches in the financial sector.
The Chartered Institute of Management Accountants (CIMA) Sri Lanka Division and the Bar Association of Sri Lanka (BASL) said they are hosting program on Islamic Finance and Banking on March 28.

"Islamic finance has become one of the world's fastest growing financial sectors as investors show an increasing appetite for a variety of Islamic financial instruments," organizers said in a statement.

"The growth in Islamic finance in recent years has been driven by renewed awareness of faith based concepts and the internationalisation of the financial markets."

Islamic finance is compliant with Shariah or Islamic law which prohibits charging of interest, speculating with derivatives or options or investing in firms that produce pork or pornography.

The program will introduce the concept deal with equity investments, accounting for Islamic finance, corporate governance, the regulatory framework, legal and tax issues.

Among the speakers would be, M A M Shukri, director, Naleemiah Institute of Islamic Studies; Faizal Salieh, managing director, Amana Investments Limiteda and Ishrat Rauff, managing director, Adl Capital Limited.

Also in the program are Reyaz Mihular, Partner, KPMG Ford RhodesThornton & Co.; Suresh R I Perera, principal -tax and regulatory, KPMG Ford Rhodes Thornton & Co; Yvette Fernando, director bank supervision, Central Bank and Javed Mansoor, Attorney-at-Law.

Your Comment
Your Name/Handle
Your Email (Your email will not be displayed)
Your Email
Receivers Email
Your Comment