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Country Presentation: Sri Lanka Ishrat Rauff Managing Director/CEO Adl Capital Ltd. 18 th October 2011 PowerPoint Presentation
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Country Presentation: Sri Lanka Ishrat Rauff Managing Director/CEO Adl Capital Ltd. 18 th October 2011. Sri Lanka. An island nation of circa 20 million people Literacy rate of over 90% for the past 5 decades or more Strategically located at the southern end of India

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Country Presentation: Sri Lanka

Ishrat Rauff

Managing Director/CEO

Adl Capital Ltd. 18th October 2011

sri lanka
Sri Lanka
  • An island nation of circa 20 million people
  • Literacy rate of over 90% for the past 5 decades or more
  • Strategically located at the southern end of India
  • A multi-ethnic society; Sinhalese (c.72%), Tamils (c.12%) and Muslims (c. 8%) are the main ethnic groups.
  • Natural Resources – Tea, Rubber, Coconut, Spices
  • Key Exports – Tea, Garments, Precious Stones.
  • Sri Lanka’s Long Term Foreign and Local Currency issuer default rating upgraded to BB- from B+ (Fitch Ratings July 2011)
the growth story
The Growth Story
  • Sri Lanka’s Gross Domestic Product (GDP) grew by an impressive 8.0 per cent in 2010 over a relatively low growth of 3.5 per cent in 2009.
  • (Source- Central Bank of Sri Lanka Annual Report – 2010)
  • The growth potential of the country has improved immensely with the end of the three decades long conflict.
  • (Source- Central Bank of Sri Lanka Annual Report – 2010)
  • Sri Lanka ranked among the Top Ten Fastest Economies, positioned at eighth in the world according to the Economist Intelligence Unit.
  • (Source- The Permanent Mission of Sri Lanka to the United Nations office at Geneva)
per capita gdp 1960 2010 us dollars
Per Capita GDP: 1960 – 2010(US dollars)

(Source- Central Bank of Sri Lanka Annual Report – 2010)

expected growth
Expected Growth

(Source: Sri Lanka’s Economic Resurgence & Future Prospects CBSL)

transition to a service based economy
Transition to a Service based economy.

(Source- Sri Lanka - An Investment Odyssey - Strategy Report CT Smith Stockbrokers)

colombo stock exchange
Colombo Stock exchange
  • Share trading in Sri Lanka dates back to 1896, with even Malaysian companies listed for the past several decades.
  • Market capitalisationof c. USD 22 Billion.
  • No Capital Gains Tax
  • Free conversion and repatriation of funds
cse performance
CSE PERFORMANCE
  • “Sri Lanka’s Stock Market became 2nd “Best Performing Stock Market in the World” in 2009” (Lanka Business Online)
  • “Best Performing Stock Market in the World in 2010” (Lanka Business Online)
  • “YTD return 2.2% - Asia’s best performer” (Daily FT - Oct 3 2011)
  • “Namal Amana Equity Fund, based in Sri Lanka, rose 71 percent in the last 12 months, beating all the other 299 funds tracked by Bloomberg” (Bloomberg - Aug 5, 2010)
shariah compliant stock trading
Shariah compliant Stock Trading
  • More than 250 Companies listed in the CSE, of which over 20% are Shariah-friendly.
  • Namal Amana Equity Fund was the best performing Fund of all Islamic Funds tracked by Bloomberg.
  • Launch of Dow Jones Sri Lanka Islamic Index to track Shariah-friendly stocks in 2006.
  • Sri Lanka’s first ever Open-Ended Shariah Compliant Mutual Fund launched by Adl Capital in association with Comtrust Asset Management in July 2011.
islamic finance industry
Islamic Finance industry
  • IBF industry estimated to exceed USD 2 Billion.
  • It is estimated that 10% -12% of this potential is currently penetrated.
  • There are more than 10 financial institutions offering Islamic Finance services, mostly via a “Window”
  • These IFIs Mainly provide Commercial Banking, Takaful and Leasing products.
  • Adl Capital Ltd. only company focussing on Investment Banking, licensed by the SEC.
the future of islamic finance in sri lanka
THE FUTURE OF ISLAMIC FINANCE IN SRI LANKA
  • Further Amendments to Tax and Banking Legislation in order to create a “Level Playing Field”
  • Open the Mutual Fund Industry to foreign investors
  • Entry of larger players, both local and overseas, given the potential the industry has to offer.
  • Sri Lanka could serve as an Islamic Finance hub for South Asia – 3 of the 5 countries with the largest Muslim populations are in the Asian sub-continent, with a combined population of c. 500 million.
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Ishrat Rauff

Managing Director/CEO

Adl Capital Ltd.

Tel: +94 727 718 247

E-mail : ishrat@adlcapital.com

Web : www.adlcapital.com