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Meezan Bank anchors at Srilankan shores

October 26th, 2011

On the very horizon of Islamic financial services, Meezan Bank Limited has signed a Shariah Technical Services & Support Agreement with Amana Bank Limited Srilanka.

The Shariah Advisory Agreement purports to make available all manner of Shariah technical services and support from the very outset i.e. from the development of products and training of personnel to assisting in issuance of Fatwas. Meezan Bank, after nearly a decade of its establishment, has now started expanding its doors of knowledge and experience as an advisor in Islamic finance internationally. With the unparalleled experience and assortment of top Shariah scholars at hand with Meezan, this is surely good news for scores of organizations seeking to go Islamic.

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.

Amana Bank, Sri Lanka’s first licensed commercial bank shall operate fully under the principles of Islamic banking. It stands in line with everyone’s faiths, principles and expectations; it is a bank that strives to ensure prosperity and true happiness to all customers through its unique, humane and honourable values. Amana Bank offers a range of financial products and services including current accounts, savings accounts, children’s savings Accounts, term investment accounts, home financing, SME banking, corporate banking, trade services and treasury services. It has opened to the public across 14 branch locations with presence in Colombo, Pettah, Kandy, Kurunegala, Akurana, Gampola, Mawanella, Galle, Oddamavadi, Kattankudy, Kalmunai, Akkaraipattu and Sammanthurai.