Bank of Ceylon pioneered the concept of Islamic Banking in Sri Lanka, which is supervised by a Sharia Supervisory Board (SSB) consisting of renowned Sharia scholars and an exclusive treasury operation.
Membership of SSB
- As-Sheikh M I M Rizwe Mufthi
- As-Sheikh Fazil Farook
- As-Sheikh M H M Yoosuf Mufthi
- As-Sheikh Murshid Mulaffer
Backed by the professionalism and expertise of eight decades of banking, BOC has chosen a handpicked team to steer this strategically important Islamic Banking operation. Funds mobilized from investors are managed through Sharia-compliant investments in a transparent manner. BOC AN-NOOR products and services are available to corporate entities, institutions, mosques and individuals alike.
Portfolio & Products Range
BOC AN-NOOR promises a portfolio of products in the deposit and investment sector, giving you peace of mind of ethical compliance, regulated through a profit-sharing mechanism. Products are common to all Sri Lankans irrespective of faith.
- An-Noor Current Account – based on Qard, where the bank accepts deposits to be paid on demand.
- An-Noor Ordinary Savings (Mudaraba SA) and AN-NOOR Children’s Savings
- “Athfal” based on (Mudaraba – Partnership in profit)
- An-Noor Foreign Currency Savings Account – Ordinary and Athfal
- An-Noor Ijara (finance for Vehicles and Machinery)
- An-Noor Murabaha – (Trade Finance and Term Loan)
- An-Noor Wakala – (Working Capital and Fund Management)
Contact
Islamic Banking Unit
T: +94 11 2205030
T: +94 11 2205035
E: ibu@boc.lk
