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Sharia Banking will help steer the local economy

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Chairman of Sri Lanka’s newly established Amana Bank, the first Islamic Bank in the country Osman Kassim says Sharia Banking principles will help steer the Sri Lankan economy, the same way it helped countries like Malaysia.

Kassim also says this concept of banking will also lend greater stability to the local economy. The bank’s Chairman who has been instrumental in formulating the vision to establish a fully fledged Islamic Bank in Sri Lanka 15 years ago disclosed that the Bank is planning to touch the lives of Sri Lankan people regardless of religion and race.

Amana Bank which started its operations on the 1st of August this year was the first new Bank inaugurated by the Governor of the Central Bank Ajith Nivard Cabraal during his tenure.

The Bank’s Managing Director and CEO, Faizal Salieh says the Bank believes that everyone has a right to be treated fairly and one should not gain at the expense of another.

“We believe that entrepreneurship should be encouraged and given a fair opportunity to succeed” added Salieh. Amãna Bank which operates 14 branches covering many parts of the Island offers a range of financial products and services.

Among them includes, Current Accounts, Savings Accounts, Children’s Savings Account, Term Investment Accounts, Home Financing, Leasing, SME Banking, Corporate Banking, Trade Services and Treasury Services.-news360

Chairman of Sri Lanka’s newly established the first Islamic Bank Amana Osman Kassim

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Written by lankamuslim.com

September 4, 2011 at 7:38 pm

Posted in Muslim news

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