Friday, November 16, 2018
   
Text Size

Follow SLMuslims on


 

Latest News

  • Sri Lanka MPs hurl 'chilli powder' and chairs in fresh chaosLegislators allied to disputed PM Rajapaksa fight with rivals in second day of clashes
    Legislators allied to disputed PM Rajapaksa fight with rivals in second day of clashes
    and  in Colombo Fri 16 Nov 2018 10.28 GMTLast modified on Fri 16 Nov 2018 14.12 GMT Read More...
  • Sri Lanka MPs pass no-confidence vote against new prime minister
    Lawmakers show their support for Sri Lanka's ousted prime minister Ranil Wickremesinghe during a parliamentary session in Colombo on November 14, 2018. Colombo, Sri Lanka (CNN)Sri Lankan lawmakers have passed a no-confidence motion against the country's new Prime Minister, Mahinda Rajapaksa, declaring his appointment "void and invalid" amid raucous scenes in the country's Parliament. Supporters of Rajapaksa refused to recognize the vote as legitimate, plunging the country deeper into crisis, as fears grow that the political dispute could spill into wider instability. The move follows the shock decision last month by President...
    Read More...
  • Pandemonium in Sri Lankan parliament as MPs hurl books at speaker
    Mahinda Rajapaksa supporters throw books, chilli paste and water bottles at speaker to disrupt second confidence vote.

    Sri Lanka's parliament descended into chaos for a second day on Friday as legislators supporting newly appointed Prime Minister Mahinda Rajapaksa threw books, chilli paste and water bottles at the speaker to try to disrupt a second no-confidence motion.

    The vote went ahead anyway and for a second time, legislators turned against Rajapaksa and his new government, possibly opening the way for the return of Ranil Wickremesinghe as prime minister.

    Wickremesinghe was removed by President Maithripala Sirisena late last month and replaced with Rajapaksa, plunging the country into a constitutional crisis.
    WATCH: Chaos in Sri Lanka parliament as MPs exchange blows (1:53)

    "We have the...
    Read More...
  • ජනපතිගේ ගැසට්ටුව තාවකාලිකව අත්හිටුවයි
    පාර්ලිමේන්තුව විසිරුවමින් ජනාධිපතිවරයා නිකුත් කළ ගැසට් නිවේදනය දෙසැම්බර් 18 තෙක් තාවකාලික අත්හිටුවමින් ශ්‍රේෂ්ඨාධිකරණ අද (13) අතුරු තහනම් නියෝගයක් නිකුත් කළේය. ජනාධිපතිවරයාගේ ගැසට්ටුව අවලංගු කරන ලෙස ඉල්ලා ගොනු කළ පෙත්සම් කිහිපයක් විභාගයට ගැනීමට අවසර දෙමිනි. අගවිනිසුරුවරයා ඇතුළු ත්‍රිපුද්ගල විනිසුරු මඩුල්ලක් ඉදිරියේ...
    Read More...
  • SC stays proclamation dissolving parliament
    The Supreme Court today issued an interim order till December 7 staying the proclamation issued by President Maithripala Sirisena to dissolve parliament. The three-Judge bench of the Supreme Court granted leave to proceed with the Fundamental Rights petitions which sought the court order against the President dissolving parliament. (Shehan Chamika Silva)
    http://www.dailymirror.lk/article/SC-stays-proclamation-dissolving-parliament--158295.html
    Please enable JavaScript to view the comments powered by Disqus.
    Read More...
  • TheVirtues of Jumu’ah
    TheVirtues of Jumu’ah (3min read) Rasulullah (Sallallahu Alayhi wa Sallam) said, “Friday is the best of days. It was on this day that Hadrat Aadam alayhis salaam was created, it was on this day that he was granted entry into jannah, it was on this day that he was removed from jannah (which became the cause for man’s existence in this universe, and which is a great blessing), and the day of resurrection will also take place on this day. ” (Sahih Muslim)   Rasulullah (Sallallahu Alayhi wa Sallam) said, “There is such an hour on Friday that if any Muslim makes Dua in it, his Dua will definitely be accepted. ” (Bukhari, Muslim) Rasulullah (Sallallahu Alayhi wa Sallam) said, “Of all the days, Friday is the most virtuous. It is on this day that the trumpet will be blown. Send abundant Durood upon me on Fridays because they are...
    Read More...
  • Not Everyone is What They Post to be
    Not Everyone is What They Post to be   If you’re not careful, you’ll be fooled to think perfection exists. From perfect flawless selfies to wow holiday destinations….social media has people selectively glorifying their lives.. Posting their best food, clothes and moments to create the perception of an ideal life… Behind the scenes however, reality chronicles a very different picture. From holiday destinations to food, fun and laughter, don’t be bamboozled to believe everything you see and read.
    A depressed person will post the funniest jokes and quotes to block off their own woeful emotions. Spiritual posts don’t always come from the pious, perhaps they too are trying to find a connection with their Creator. A shy introvert can own the social media world from the privacy of their bedrooms. Cloaked by the safety of...
    Read More...
  • Islaaminfo is Now on Whatsapp
    Bismillaahir Rahmaanir Raheem

    As Salaamu Alaikum Wa Rahmatullaahi WaBarakaatuhu

    Hope you are keeping well. Islaaminfo is now on whatsapp. To recieve our messages via whatsapp, send a whatsapp to +2763 031 1472, save this number to your contacts, and we will add you onto the list, In sha Allah. This will be a broadcast list and not a group chat. We are also looking for brothers and sisters who can assist us to spread our messages on other groups and broadcast lists. If you are willing to assist us, please send us your name, country...
    Read More...
  • Points to assist a declining marriage
      Points to assist a declining marriage   The Hadith questions the manhood of a person who beats his wife up during the day and derives pleasure from her during the night. Good marriages require patience, kindness, humility, sacrifice, empathy, love, understanding, forgiveness, and hard work. Following these basic principles should help any marriage to improve. The essence of them all can be summed up in one sentence: Always treat your spouse the way you would like to be treated.   Amidst busy schedules and tasks on the parts of both women and men, Muslim husbands and wives tend to forget the real reasons behind marriage and likewise the rights of each other. Subsequently, they deprive themselves, their mates and their children of the happiness and tranquility that is the bedrock of a successful family. This unbalanced vision towards...
    Read More...
  • 11 Signs of Kibr (Pride/Arrogance)
    read time: 2 min The Prophet ﷺ said, “No one who has an atom’s-weight of Pride in his heart will enter Paradise.” A man said, “O Messenger of Allah, what if a man likes his clothes and his shoes to look good?” He ﷺ said, “Allah is Beautiful and loves beauty, Pride means rejecting the truth and looking down on people”(Sahih Muslim). Commentary: The word or the name for arrogance/pride in Arabic is ‘Kibr’. This is the inner quality of pride. The name of the outward quality is ‘Takabbur’ which means arrogance. Arrogance is a blameworthy characteristic which is the feature of Iblees and his followers in this world, those on whose hearts Allah Ta'ala has placed a seal.   11 Signs of a Person Having Pride/Arrogance:   ▪ He doesn’t like others to have what he has ▪ He cannot avoid anger ▪ He cannot avoid...
    Read More...
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9

HNB partners Adl Capital for Islamic banking solutions

Islamic Finance

User Rating: / 0
PoorBest 

Hatton National Bank PLC became the newest entrant to the growing domestic market of Islamic banking with the launch early last week of the bank’s dedicated and branded Islamic Banking Unit – HNB – Al Najah. The unit will operate under the overall ambit of HNB and will offer a broad spectrum of Shariah compliant products and services to its entire clientele.

The setting up of HNB – Al Najah was facilitated within a short time span under the expert guidance and supervision of SEC registered  Investment Manager, Adl Capital Limited – a market intermediary which in addition to its fund management role  specialises in structuring turnkey Islamic financing solutions to the local industry.

These include establishing fully fledged Islamic banking units and product structuring for licensed banks/registered finance companies/leasing companies. Adl Capital’s corporate advisory functions also includes structuring Shariah compliant products for the capital and equity markets and offers specialised staff training and Shariah based financial advisory services to private businesses.

Commenting on the launch, Managing Director of Adl Capital Ishrat Rauff said: “We view the launch of HNB – Al Najah as an important milestone in our country’s 15 year history of Islamic banking and finance. HNB has been in the forefront of product innovation and has been a robust player in the Banking industry for many years. We are delighted to partner HNB in this endeavour. HNB’s entry into the domain of Islamic banking offers much promise to customers on the retail and corporate front. With the guidance and support from a team of respected and knowledgeable Shariah scholars, we have every reason to believe that HNB’s foray into Islamic Banking will prove beneficial and rewarding to all stakeholders and society at large.”

In addition to current accounts, HNB – Al Najah will offer depositors a choice of profit sharing saving and investment options courtesy of saving Mudaraba accounts and term Mudaraba accounts of varying tenures, both of which would reward depositors with a Shariah-compliant return on their investment.

For business and personal customers seeking financing, the bank would offer a range of trade related services, leasing for vehicles/equipment and machinery, home financing, working capital requirements and personal financing.

Adl Capital Associate Director and Head of Business Development Azad Zaheed who was also present on the occasion opined that the entry of HNB – Al Najah was a timely initiative that is expected to give a fresh impetus to the domestic Islamic banking sector.

He also noted that it was an honour for Adl Capital to partner HNB on this historic occasion and emphasised that Adl Capital would continue to play a pivotal role in advancing the cause of Islamic banking and finance in Sri Lanka.

Operations of the Islamic Banking Unit (IBU) will be in accordance with the CBSL guidelines and shall also be in conformity with the injunctions of Shariah. This will ensure that the fund management operations and earnings of the IBU will be segregated and distinct from the conventional banking activity.

The bank has already appointed a Shariah advisory panel of experts comprising of knowledgeable and experienced Shariah scholars who would advise and supervise the Shariah related aspects of the IBU business.

Courtesy: ft.lk

 

Login Form