Sri Lanka's Amana gets commercial banking licence

Sri Lanka's Amana Bank ATL.CM on Wednesday said it had received central bank approval to start the island nation's first Islamic commercial bank.

"Amana Bank will be Sri Lanka's first licensed commercial bank to conduct all its business operations in complete harmony with the principles of Islamic banking," the bank said in a statement.

Bank Islam Malaysia is the largest investor in Amana, holding a 20 percent stake.

You can read the full story at Reuters.com.

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