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New Inland Revenue Act likely from April

A senior Finance Ministry official said yesterday a new Inland Revenue Act may come into force from April 1, 2017, but hinted a possible delay is likely, should the piece of legislation be challenged in parliament. “Hopefully, we are waiting for the new Inland Revenue Act. We are planning to have it drafted, finalized and […]

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Beyond CSR: ‘RAISE Summit’

Beyond CSR: ‘RAISE Summit’ on 25 Oct.   Societal responsibility should not just be the exclusive domain of the corporate. Neither should it encompass the traditional areas that are most often associated with CSR. The first-ever ‘RAISE Summit’, organised by UTO EduConsult Ltd. and scheduled to be held on Tuesday 25 October at the Ramada […]

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Inaugural Islamic Finance Forum of South Asia on 26-27 July – See more at: http://www.ft.lk/article/555868/Inaugural-Islamic-Finance-Forum-of-South-Asia-on-26-27-July#sthash.N1uAhby1.dpuf

The Inaugural Islamic Finance Forum of South Asia (IFFSA) will be held on 26 and 27 July at the Ramada, Colombo. Luminaries in the field of Islamic Finance from South Asia, including representatives from India, Pakistan, Maldives and Bangladesh, will be joined by experts from the USA, Singapore, Malaysia, Mauritius, the UAE, Kuwait and other […]

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Introduction to the Laws of Inheritance

صلّى الله عليه وسلم) said: “O Abu Hurairah, learn Fara’id (the shares of the inheritance that are prescribed in the Quran) and teach it. Indeed it is half of the knowledge.” [Sunnan Ibn Majjah37] Inheritance in an integral part of Islam and its application in Islamic society is a mandatory aspect of Divine teaching of […]

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IFFSA & Awards Night May 2016

Islamic Finance in South Asia has firmly taken root, with Pakistan, Bangladesh, Sri Lanka and the Maldives offering IF as a mainstream product, under the purview of the respective regulatory bodies. Amendments have also been made to the various Banking and Finance Acts and Regulations in order to encapsulate Islamic Banking within its framework. In […]

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8th SLBFI Conference “Converging towards common goals”

An avowed intention to launch a formal Association at the 7th SLIBFI Conference has come to fruition with the launch of the Association of Alternate Financial Institutions (AAFI). With representation from all segments of the industry, straddling Banking, Takaful, Leasing and Capital Markets, AAFI is set to blaze a new path in the IBF industry […]

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