Tagged: Sri Lanka

NAMAL launches Sharia compliant Unit Trust

NAMAL launches Sharia compliant Unit Trust

National Asset Management Limited (NAMAL) is going to launch a new Sharia-compliant Unit Trust called “NAMAL Sharia Fund”. It will offer clients an opportunity to invest in a large diversified portfolio of Sharia-compliant equities listed on the Colomb…

Islamic banking assets to reach $ 1.5 billion

Islamic banking assets to reach $ 1.5 billion

According to the CEO of Amana Bank, Faizal Salieh, it is expected for the current $ 250 million of banking assets to rise to $ 1.5 billion in the coming years. About 8% of the country’s population of 21.5 million people are Muslims. The strong demand f…

Amana Takaful records 32 % growth for 1H of 2012

Amana Takaful records 32 % growth for 1H of 2012

Amana Takaful showed a significant growth of 32% for the first half of 2012. According to the figures of the period the total Gross Written Premium(GWP) is as high as Rs 770.8 million. Compared to this, the same period last year had a GWP of Rs.584.7 m…