Amãna Bank, Sri Lanka’s first Islamic or Sharia bank, opens for business

Amana Bank, Sri Lanka’s first licensed commercial bank to operate fully under the principles of Islamic banking, opened for business on Friday, July 29 at simple launch event with Central Bank Governor Ajith Nivard Cabraal as the Chief Guest. banking,islamic banking,amana bank,shariah bank,srilanka,central bank governer,ajith nivard cabraal Islamic banking is in fact a concept gaining fast popularity and acceptance across the world. Guided by strong values and ethics the banking model has shown great resilience during the recent global economic downturn and as a result is now emerging as a popular alternative to conventional banking. Continue reading