However, he emphasized that the regulator should communicate with stakeholders attached to the Islamic Finance sector in order to harmonize Sharia compliant products with the Sri Lanka’s economic system.
Meanwhile, addressing the same forum, Governor of the Central Bank of Sri Lanka Ajith Nivard Cabraal reiterated that Sri Lanka’s banking and economic sectors should welcome fresh features and instruments such as Islamic Finance in order to attain and sustain the eight percent GDP growth target set by the regulator.
(The Nation / 01 Sep 2013)
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Islamic Investment Malaysia: www.islamic-invest-malaysia.com