Abstract:
Fishing is a prevalent one in Sri Lanka, has an essential role among earning sectors to economic development
not only in Sri Lanka but globally. Generally, Fishing is a primary income source of poor and middle-class
people who live in the coastal area around the country. This study is conducted based on mainly among 05
fishing villages in Kuchchaveli DS division that Pulmoddai, Kuchchaveli, Kumpurupity, Irakkakkandy and Nilaveli
with the following aims to be reached; to find out the income level, to the problems faced by fishermen
recently, and to prefix the solution by Islamic finance. Primary data which were collected from 50 fishermen by
interview and observation has been analyzed using descriptive analysis, Microsoft Excel charts, tables also used.
Findings of the research are, fishermen in research location have low level income which is not enough to fulfil
their needs, because of the fishing boundaries and fishing time have been restricted by the government.
Moreover, expenses of the instruments and goods that are used for fishing are high. Alternative and
possibilities in Islamic finance are prefixed for challenges faced by the fishing industry.
