Amãna Takaful partners with IFN Roadshow in Sri Lanka

Amãna Takaful PLC, the only fully-fledged Takaful operator in the country, recently partnered with the world renowned REDmoney group to sponsor the Islamic Finance News (IFN) Roadshow. The event was held in Colombo and Ajith Nivard Cabraal, Governor of the Central Bank of Sri Lanka graced the event as the Chief Guest while Dr. Azeema Adam, Governor of the Maldives Monetary Authority (MMA) was the Guest of Honour for the third consecutive year, the organizers said.

The IFN Roadshow is part of a series of conferences held by the REDmoney group which has conducted shows in 12 markets across the world this year, including Pakistan, Turkey, Brunei, Bangladesh, Singapore, Australia, Thailand and Morocco. This event plays an integral role in identifying opportuni- ties for the future growth of Sri Lanka’s Islamic finance sector covering banking, finance and Islamic capital markets. At the event, a large gathering of delegates came together to discuss current issues, challenges and the potential of Sri Lanka’s Islamic finance industry, the organisers said in a media release.

Highlighting the importance of the IFN Roadshow, Governor Cabraal stated, “We have to be conscious of the developments that are happening right across the world. If there are developments that are important, we must attempt to make use of them, by bringing them into our own array of instruments. We have seen Islamic finance become increasingly important throughout the world. This category of finance, not only impacts the Islamic world, it also provides exciting new meth- ods of financing for the rest of the world. It is important for us to understand these concepts. I believe that conferences of this kind enable all of us to reflect on new developments and fine-tune them to suit our own economies and financial markets, in order to go forward.”

Dr. Azeema Adam, Governor of the Maldives Monetary Authority (MMA) stated, “Historically, Sri Lanka and the Maldives have always had a close relationship in trade, tourism and many other areas. When Amãna Takaful was first established in the Maldives in 2003, it was our first introduction to Islamic finance. It is now encouraging to see that this industry is on the rise in the Republic of Maldives and is growing rapidly due to the emergence of other Islamic finance service providers.”