1. Islamic Finance in Non-Muslim Countries: Sri Lankan Perspective
Mohamed Azmeer, CEO Amãna Bank PLC

2. Islamic Finance: A Global Perspective
IF Penetration : 0.9%
Muslims : 23.7%
GLOBAL
IF Penetration : 1.5%
Muslims : 9.7%
SRI LANKA
Source: Pew Research (USA) / IFSB

3. Islamic Finance Development Index
Ranked
13th 15
Nations 47
Muslim Countries
131
COUNTRIES 84
Non - Muslim Countries
QUANTITATIVE
DEVELOPMENT
AWARENESS
Ahead of 118 countries…..xxx muslim countries
KNOWLEDGE
CSR
GOVERNANCE

4. Sri Lanka’s country score amongst Non Muslim Countries
QUANTITATIVE
DEVELOPMENT
KNOWLEDGE
GOVERNANCE
CSR
AWARENESS
SRI LANKA
SOUTH AFRICA
SINGAPORE
UNITED KINGDOM
30.65
22.89
20.04
13.54

5. Sri Lankan Journey of Islamic Finance
1997
Demonstrate
Market Need & Viability
1997
Demonstrate
Market Need & Viability
Secure Legal & Regulatory Acceptance
Risk
Governance
Compliance
Model
Congruence
Risk
Governance
Compliance
Model
Congruence
Addition of two Clauses to Banking Act
Universal
Proposition

6. Universal Value Proposition of Islamic Finance
Financial
Sector Excessive Growth in Isolation
DEBT
TRAP
Financial
Sector
Real Sector
External Sector
Fiscal Sector
FINANCIAL
DISCIPLINE
INCLUSION
ACCESSIBILITY

7. Sri Lanka: Islamic Finance Industry1
Fully Fledged Islamic Bank 2
Windows owned by state banks & FIs 14
Windows owned by private banks & FIs 3
Takaful Insurance Companies 4
Sharia compliant unit trusts

8. Sri Lanka: Islamic Finance Reach
All 9Provinces
All 25 Districts

9. Sri Lanka: Islamic Finance Impact
Infrastructure
Manufacturing
Fisheries
Agriculture
Trading
Shipping & Logistics
Aviation & Transport
Services

10. Islamic Bank of the World
Global Recognition
Best Up-and-Coming
Islamic Bank of the World
Best Islamic Bank
In South Asia
Global Innovation
Award

11. Sri Lankan Experience: Product Innovation
Market Need
Legal & Regulatory Acceptance
Model Congruence

12. Thank you