AN-NOOR

Rooted in Islamic Banking principles

Bank of Ceylon pioneered the concept of Islamic Banking in Sri Lanka, which is supervised by a Shari'ah Supervisory Board (SSB) consisting of renowned Shari'ah scholars and an exclusive treasury operation.

Membership of SSB

As-Sheikh M I M Rizwe Mufthi
As-Sheikh M H M Yoosuf Mufthi
As-Sheikh Murshid Mulaffer
As-Sheikh Fazil Farook

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 Shari'ah-compliant investments in a transparent manner. BOC AN-NOOR products and services are available to corporate entities, institutions and individuals alike.

Products Range

Bank of Ceylon, the bank with the longest established Islamic Banking Unit, is proud to offer a comprehensive range of Islamic banking products to meet the financial requirement of all .

Available at all our Bank of Ceylon branches, Islamic Banking products both deposits and financing, offer convenient access to Shari’ah compliant products and services under the BOC AN-NOOR umbrella.

Experience the difference with Bank of Ceylon, where your financial well being and faith go hand-in-hand.

Deposit Products:

Financing or Investment Products:

Additional Services:

Unlimited access and transaction opportunities through various channels.
Reliable saving arrangements offering Halal returns.
Fund transfer facilities, utility bill payments, and balance enquiry services.

Visit your nearest BOC branch, overseas representative, or call 1975 for more details.

Contact

Islamic Banking Unit

T: +94 11 220 5030
E: ibu@boc.lk

* Conditions apply

AN-NOOR Mudaraba Savings Account (LKR)

Operates under the concept of “Mudaraba”.
Personal (Individual and Joint)
Non-personal entities such as societies, clubs, associations, sole proprietorships, partnerships, limited liability companies, and other corporate bodies eligible to open and operate a savings account.
Profit Sharing Ratio (PSR) - 45:55 between the depositor and the bank.
Available to all Sri Lankans above 18 years of age.
Accessible at any BOC branch, with benefits such as ATM/DEBIT, internet banking, SMS, etc.

AN-NOOR Athfal Savings Account (LKR for minors)

Minor accounts for children, Operates under the concept of “Mudaraba”.
Parents/guardians can open accounts for any Sri Lankan minor below 18 years of age.
Profit Sharing Ratio (PSR) - 50:50 between the depositor and the bank.
Parents/guardians can open the account for any Sri Lankan below 18 years of age.

AN-NOOR Foreign Currency Savings Account

Operates under the concept of “Mudaraba”.
following designated foreign currency in the domestic banking unit.
USD - US Dollar
GBP - Sterling Pounds
EUR - Euro
An individual including a minor who is a Sri Lankan national, An individual of Sri Lankan origin including a minor who is a resident outside Sri Lanka, A non-national resident in Sri Lanka including a minor.
Accounts opened in the name of minors whose parents are employed abroad.
Profit Sharing Ratio (PSR) - 45:55 between the depositor and the bank and 50:50 for minor accounts.
Accessible at any BOC branch, with benefits such as ATM/DEBIT, internet banking, etc.

AN-NOOR Current Account

Operates under the concept of “ Qard”
Personal (Individual and Joint)
Non-personal entities such as societies, clubs, associations, sole proprietorships, partnerships, limited liability companies, and other corporate bodies eligible to open and operate a savings account.
Accessible at any BOC branch, with benefits such as ATM/DEBIT, internet banking, SMS, etc.

Wakala Bil Istismar (investment agency contract)

A contract of agency where the customer acts as an agent for the bank’s investments in Shari’ah compliant transactions.
eg- To meet working capital requirement or Business cash flow.

Murabaha (cost-plus sale agreement)

A sales contract where goods are sold at cost plus a pre-agreed profit.
Payment can be made in lump-sum or instalments.
eg- Purchase goods, commodity, property, etc.

Ijara (leasing)