Abstract:
Islamic banking is gaining momentum worldwide. It has emerged in recent decades
as one interesting trend in the financial world. There is number of Islamic
financial institution in Asia, Africa, Europe and the US. It has developed
Muslims* and non Muslims* countries. The basic feature of Islamic banking is
providing all financial services under the approved mechanism by Islamic Law.
Nevertheless its* growth and successes are very much transparency for all.
Sri Lanka is one of the few non-Islamic countries to have legislated for
Islamic banking. The current legislation governing Banking in Sri Lanka is the
Banking Act No.30 of 1988 with its subsequent amendments passed on the 10lh
December 2005. This research is aim to discuss the growth, development and the
success of the Islamic Finance In Sri Lanka especially the case of Amana Investments
Pvt. ltd. which is the premier provider of Islamic finance in Sri Lanka.
