REDmoney Events
  • Home
  • Past Events
  • Past Trainings
  • How We Do It
  • Accommodation
  • Contact us
  • About Us

About the Event

The prospects for growth in Sri Lanka are extremely attractive. With the first fully fledged commercial Islamic bank in Sri Lanka, almost all banks are now opening windows. There is strong growth in Ijarah, diminishing Musharakah and Sukuk. Sri Lanka is a strategic naval link between West Asia and Southeast Asia. A legislative breakthrough in 2005 with the Amendment of the Banking Act turned this economy into a potential hub for Islamic finance in the South Asian region.

The 2nd IFN Sri Lanka Roadshow will again be held in Colombo and will attract a strong delegation from both the local markets and those from neighboring markets such as Pakistan, India and the Maldives.

Confirmed Speakers

  • Dr A D Priyanka Baddevithana, Managing Director, Housing Development Financing Corporation, Maldives
  • Dr Aishath Muneeza, Head of Islamic Finance, Capital Market Development Authority, Maldives
  • Ajith Nivard Cabraal, Governor, Central Bank of Sri Lanka
  • Ammar Ahmed, Consultant, Dar Al Sharia
  • Ananda Silva, Senior Deputy Governor, Central Bank of Sri Lanka
  • Ariff Sultan, Regional Director (Asia), IdealRatings
  • Faizal Salieh, Managing Director & Chief Executive Officer, Amana Bank
  • Fazal Ghaffoor, Chief Executive Officer, Amana Takaful
  • Fazly Marikar, Head of New Product Development and Gold Unit, Amana Bank
  • Harith Harun, Chief Executive Officer, Maldives Islamic Bank
  • Hisham Ally, Head of Islamic Banking, HNB
  • Hitesh Asarpota, Director, Capital Markets & Structured Finance, Emirates NBD Capital
  • Imran Nafeer, Head of Microfinance, Muslim Aid
  • Imran Zahir, Head of Islamic Banking, NDB Bank
  • Ishrat Rauff, Managing Director & Chief Executive Officer, Adl Capital
  • Krishan Thilakaratne, Chief Executive Officer, Islamic Business Unit, Lanka Orix Finance
  • M Afzar Alam Nomani, Country General Manager, MCB Bank
  • M K S Mohamed Bishry, Chief Manager - Islamic Banking, Bank of Ceylon
  • Manil Jayesinghe, Partner, EY, Sri Lanka
  • Mohamed Azmeer, Chief Operating Officer, Amana Bank
  • Muhammad Azad Zaheed, Associate Director, Adl Capital
  • Muhammad Shoaib Ibrahim, Managing Director & Chief Executive Officer, First Habib Modaraba, Pakistan
  • Pathmanathan Asokan, Chief Executive Officer, Comtrust Asset Management
  • Reyaz Jeffrey, Chief Executive Officer, Amana Takaful Life
  • Reyaz Mihular, Managing Partner, KPMG Sri Lanka
  • Siddeeque Akbar, Vice President - Consumer Banking and Strategic Marketing, Amana Bank
  • Suresh R I Perera, Principal - Tax & Regulatory, KPMG
  • Tyrone Hannan, Head - Global Transaction Banking, Deutsche Bank
  • U L Muthugala, Additional Superintendent of Public Debt, Central Bank of Sri Lanka

Agenda

08:00 – 09:00

Registration

09:00 – 09:15

Welcome Address

Faizal Salieh – Managing Director & Chief Executive Officer, Amana Bank

09:15 – 09:30

Keynote Address

Ajith Nivard Cabraal – Governor, Central Bank of Sri Lanka

09:30 – 10:30

Session One: Islamic Finance in Sri Lanka: Laying the Groundwork for Long Term Growth

  • Sri Lanka’s evolving political landscape and its impact on the development of Islamic finance
  • Prospects for sovereign and quasi-sovereign Sukuk issuance and its role in advancing Sri Lanka’s Islamic finance industry
  • Role of regulators and market players in attracting foreign investors from Asia and the Gulf
  • Accessing liquidity for the development and growth of the domestic Islamic financial institutions: The need for capital
  • Ensuring a collaborative strategy to encourage the success of both Islamic windows and fully fledged Islamic banks
  • Assessing the impact of new domestic and foreign entrants in Sri Lanka’s Islamic finance space: How large a market can this be?

Moderator:

Reyaz Mihular – Managing Partner, KPMG Sri Lanka

Panelists:

Ananda Silva – Senior Deputy Governor, Central Bank of Sri Lanka
Faizal Salieh – Managing Director & Chief Executive Officer, Amana Bank
Krishan Thilakaratne – Chief Executive Officer, Islamic Business Unit, Lanka Orix Finance
M Afzar Alam Nomani – Country General Manager, MCB Bank

10:30 – 11:00

Break & Networking

11:00 – 11:45

Session Two: Advancing Sri Lanka's Solid Growth in Islamic Finance: A View from Established Markets in Asia and the Middle East

  • How foreign market players and potential investors view Sri Lanka as an Islamic investment destination
  • Outlook for sovereign and corporate Sukuk issuances – what foreign investors are looking for
  • Analysing its progress thus far and steps needed to advance its development
  • What sectors should market players and regulators focus on – food & agriculture, SMEs, PPPs
  • The vital need to invest in marketing the Islamic finance concept and educating the market: lessons learnt from Malaysia and the Gulf
  • Shariah considerations: Addressing the crucial issues of developing Shariah scholars and setting up Shariah boards

Moderator:

Suresh R I Perera – Principal – Tax & Regulatory, KPMG

Panelists:

Dr A D Priyanka Baddevithana – Managing Director, Housing Development Financing Corporation, Maldives
Ariff Sultan – Regional Director (Asia), IdealRatings
Harith Harun – Chief Executive Officer, Maldives Islamic Bank
Hitesh Asarpota – Director, Capital Markets & Structured Finance, Emirates NBD Capital

11:45 – 12:00

Presentation: Developing an Enabling Tax Framework to Drive the Growth of Islamic Finance in Sri Lanka

Suresh R I Perera – Principal – Tax & Regulatory, KPMG

12:00 – 12:15

Presentation: Initiatives and Developments in Takaful, Re-Takaful and BancaTakaful

Reyaz Jeffrey – Chief Executive Officer, Amana Takaful Life

12:15 – 13:30

Lunch

13:30 – 14:15

Session Three: Assessing the Potential for Shariah Compliant Retail, Microfinance and Leasing Products

  • Addressing the vital need to narrow the spread between borrowing and lending rates
  • Developing Islamic leasing products suited to Sri Lanka’s massive demand in the transport, trade and services sectors
  • Challenges faced by Islamic retail banks: Stiff competition, Shariah concerns and the crucial need for innovative product structures
  • Islamic microfinance: Outlook and future prospects for Sri Lanka
  • Tapping existing opportunities in Sri Lanka’s Halal industry: How can Islamic banks and Islamic windows benefit from this growing market
  • Recognizing the need for structured programs to develop qualified talent in the Islamic finance sector

Moderator:

Muhammad Azad Zaheed – Associate Director, Adl Capital

Panelists:

Dr Aishath Muneeza – Head of Islamic Finance, Capital Market Development Authority, Maldives
Imran Nafeer – Head of Microfinance, Muslim Aid
Imran Zahir – Head of Islamic Banking, NDB Bank
M K S Mohamed Bishry – Chief Manager – Islamic Banking, Bank of Ceylon
Siddeeque Akbar – Vice President – Consumer Banking and Strategic Marketing, Amana Bank

14:15 – 14:30

Presentation: Driving Growth in Sri Lanka's Islamic Funds Sector

Pathmanathan Asokan – Chief Executive Officer, Comtrust Asset Management

14:30 – 15:15

Session Four: Utilizing Islamic Finance as a Catalyst for Sri Lanka's Infrastructure, Funds and SME Sectors

  • Attracting foreign investments for infrastructure projects: Prospects for public private partnerships and cross border financing from Asia and the Gulf
  • Are Shariah compliant structures well suited to meet the needs of Sri Lanka’s infrastructure development projects?
  • Outlook for Islamic unit trusts and private equity funds
  • Addressing the need to develop new investment products catering to domestic and foreign investors in the retail and institutional space
  • Developing innovative structures to serve Sri Lanka’s rapidly developing SME market
  • Exploring the viability of establishing an Islamic real estate business in Sri Lanka through a Mudarabah fund model

Moderator:

Ishrat Rauff – Managing Director & Chief Executive Officer, Adl Capital

Panelists:

Ammar Ahmed – Consultant, Dar Al Sharia
Fazly Marikar – Head of New Product Development and Gold Unit, Amana Bank
Muhammad Shoaib Ibrahim – Managing Director & Chief Executive Officer, First Habib Modaraba, Pakistan
Tyrone Hannan – Head – Global Transaction Banking, Deutsche Bank

15:15 – 16:00

Session Five: Crucial Steps to Develop Sri Lanka's Steady Growth in the Islamic Finance Industry

  • Managing the issue of surplus liquidity in Islamic banks and action required by regulators
  • Entrance of new market players and Takaful operators: Future growth prospects and challenges
  • The crucial need to create a symbiotic relationship between Takaful providers and Islamic banks and windows to further develop the industry
  • Finding solutions to the current tax restrictions in the repatriation of funds in order to grow foreign direct investments
  • Impact of the credit ceiling on the growth and development of Islamic banks

Moderator:

Manil Jayesinghe – Partner, EY, Sri Lanka

Panelists:

Fazal Ghaffoor – Chief Executive Officer, Amana Takaful
Hisham Ally – Head of Islamic Banking, HNB
Mohamed Azmeer – Chief Operating Officer, Amana Bank
U L Muthugala – Additional Superintendent of Public Debt, Central Bank of Sri Lanka

16:00 – 16:45

Coffee & Networking

Photos

SPONSORS AND PARTNERS

IN ASSOCIATION WITH

SUPPORTED BY

MULTILATERAL STRATEGIC PARTNER

EXCLUSIVE KNOWLEDGE PARTNER

EXCLUSIVE SHARIAH ADVISORY PARTNER

ASSOCIATE PARTNERS

ROADSHOW PARTNERS

ROADSHOW ASSOCIATES

BRANDING SPONSORS

LEAD MEDIA PARTNER

MEDIA PARTNERS

About REDmoney Events

REDmoney events designs, organizes and hosts industry-leading conferences, forums, roadshows, seminars and dialogues focusing on the Islamic financial markets across a global, regional and national level. Leveraging an exceptional network of the industry’s elite and supported by the expertise of the REDmoney publishing and seminars divisions, REDmoney Events are able to provide access to a unique array of influential speakers, panelists and participants from a cross-section of the global industry to debate the most significant issues affecting the Shariah compliant financial markets.

REDmoney events are differentiated by their complimentary yet qualified attendance structure, ensuring the highest quality of both delegates and contributors. Comprehensive and cutting-edge, attendance ensures exclusive access to the leaders in their field across all sectors and markets.

TThe annual IFN Asia and IFN UK Forums are categorically recognized as their continent’s leading industry events since their inception in 2006 and 2007 respectively. The Dialogues series has also become an integral element of the REDmoney events series and have cemented their position as leading, must-attend, events. In 2022, we introduced the Islamic Sustainable Finance & Investment Forum, which was an enormous success, and will become a mainstay.

For any inquiries contact us

Our team will be glad to answer any questions you may have about this event.

Contact Us

About Us

REDmoney Events designs, organizes and hosts industry-leading conferences, forums, roadshows and seminars focusing on the Islamic financial markets across a global, regional and national level.

+603 2162 7800
[email protected]

Our Publications

  • Islamic Finance news
  • IFN Investor
  • IFN Sustainable
  • IFN Fintech

Recent Tweets

Islamic Finance News @ifn_news ·
23h

Intra-OIC trade, SME participation, digitalization and trade development as a driver of regional integration.

@ITFCCORP

Watch full interview here at IFN TV: https://ifn-tv.com/category/interviews/isdb-am2026/

#IsDB2026 #IFNTV #IFNEVENTS2026 #REDmoneyEvents #IFN #IslamicFinance

Islamic Finance News @ifn_news ·
23h

The award-winning commodity Murabahah facility for Agrobank, Islamic finance development in Uzbekistan, Shariah compliant liquid.

@ITFCCORP

Watch full interview here at IFN TV: https://ifn-tv.com/category/interviews/isdb-am2026/

#IsDB2026 #IFNTV #IFNEVENTS2026 #REDmoneyEvents #IFN #IslamicFinance

Islamic Finance News @ifn_news ·
24h

Bank Negara Malaysia (BNM) has issued three new policy documents for prescribed development financial institutions (DFIs), overhauling requirements across performance measurement, strategic planning and corporate governance.

To read full article: https://www.islamicfinancenews.com/malaysian-central-bank-raises-the-bar-for-development-financial-institutions.html

Islamic Finance News @ifn_news ·
25 Jun

Emerging Islamic finance markets, regulatory development, Islamic climate finance and opportunities for industry growth.

Watch full interview here at IFN TV: https://ifn-tv.com/category/interviews/isdb-am2026/

#IsDB2026 #IFNTV #IFNEVENTS2026 #REDmoneyEvents #IFN #IslamicFinance

LATEST POSTS

Kenya has circled back to Islamic finance, with Tr Kenya has circled back to Islamic finance, with Treasury Cabinet Secretary John Mbadi Ng’ongo revealing that the government is considering the introduction of Sukuk as part of efforts to diversify funding sources and tap into liquidity from global Shariah compliant capital markets.

In his presentation of the 2026/27 Budget to the National Assembly on the 11th June 2026, John said the government is evaluating the use of Sukuk instruments. “These Shariah compliant securities, which are structured on asset-backed or asset-based principles, will enable the government to access liquidity from Islamic finance markets.”

To read full article: https://www.islamicfinancenews.com/kenya-renews-interest-in-sukuk-and-islamic-finance-to-widen-funding-sources.html

#Sukuk #IslamicFinance #ShariahFinance #SovereignSukuk #CapitalMarkets #KenyaBudget2026 #JohnMbadi #TreasuryKenya #IslamicBanking #EthicalInvesting #InfrastructureFinance #AffordableHousing #NairobiSecuritiesExchange #PublicFinance #InvestmentOpportunities #FinancialInclusion #AssetBackedFinance #EconomicGrowth #AfricaFinance #EmergingMarkets #Budget2026 #ShariahCompliant #FundingDiversification #IslamicCapitalMarkets #Kenya
The State Bank of Pakistan (SBP) has eased require The State Bank of Pakistan (SBP) has eased requirements for Islamic banking windows (IBWs), allowing conventional banks and microfinance banks (MFBs) to establish Islamic windows within branches that are undergoing conversion to Shariah compliant banking without prior regulatory approval.

The move updates instructions previously issued under Circular No 02 of 2020 and comes as Pakistan continues to transition its banking system toward full Shariah compliance in line with the Federal Shariat Court’s 2027 deadline.

To read full article: https://www.islamicfinancenews.com/pakistan-eases-islamic-banking-window-rules-to-accelerate-branch-conversions.html

#SBP #StateBankOfPakistan #IslamicBanking #IslamicFinance #ShariahCompliance #BankingReforms #PakistanBanking #IslamicBankingWindows #Microfinance #ConventionalBanks #FinancialInclusion #BankingSector #ShariahBanking #FinanceNews #PakistanEconomy #BankingTransformation #IslamicFinanceIndustry #FinancialServices #RegulatoryUpdates #EconomicDevelopment #PakistanFinance #BranchConversion #BankingPolicy #IslamicEconomy #FinancialGrowth #Pakistan
Join our expert panel, including Tariq Al Rifai, A Join our expert panel, including Tariq Al Rifai, Ahmad Quqa, Aijaz Hussain, Elias Scheker Da Silva, Dr Mohamad Sawwaf and Saad Malik as they explore Building Islamic Wealth in North America: Products, Access & the Next Opportunity

FREE registrations now open:
https://redmoneyevents.com/event/ifninvestoramericas2026/

#IFNInvestorAmericaForum2026 #REDmoneyEvents #REDMoney #IFN #Finance #NewYork
Join our expert panel, including Ishmam Ahmed, Fah Join our expert panel, including Ishmam Ahmed, Fahad Siddiqui, Lawrence Oliver, Michal Selbka and Souhayl Maronesy as they explore Tech-Powered Shariah Investing: Platforms, Tokens & Beyond.

FREE registrations now open:
https://redmoneyevents.com/event/ifninvestoramericas2026/

#IFNInvestorAmericaForum2026 #REDmoneyEvents #REDMoney #IFN #Finance #NewYork
Join our expert panel, including Mushfique Shams B Join our expert panel, including Mushfique Shams Billah, Aamir Rehman, Dr Amjad Hammad, Charles Stackhouse, Shakeel Adli and Thomas Polson as they explore Where Next? Shariah Investment Opportunities Beyond Public Markets.

FREE registrations now open:
https://redmoneyevents.com/event/ifninvestoramericas2026/

#IFNInvestorAmericaForum2026 #REDmoneyEvents #REDMoney #IFN #Finance #NewYork
Join our expert panel, including Dr Ehab Elsonbaty Join our expert panel, including Dr Ehab Elsonbaty, Junaid Wahedna, Kamal Solaiman, Professor M Kabir Hassan, Monem Salam and Zeshan Gondal as they explore Strategically Positioning Shariah Investing in America for a New Era.

FREE registrations now open:
https://redmoneyevents.com/event/ifninvestoramericas2026/

#IFNInvestorAmericaForum2026 #REDmoneyEvents #REDMoney #IFN #Finance #NewYork
  • Home
  • Past Events
  • Past Trainings
  • How We Do It
  • Accommodation
  • Contact us
  • About Us