Home » Halal Businesses » Company Profile » Amana Investments Limited
Company Profile
Company Name
Amana Investments Limited
Address
480, Galle Road, Colombo 3.
Description
Amana Investments Limited, Sri Lanka's premier provider of Islamic Financial Solutions, offers a range of World Class Sharia- compliant products to customers. The entire range of products are interest-free and structured on the principles of equity and fairness and available to all persons, irrespective of their ethnicity. All products are approved by the Sharia Supervisory Council and subject to regular Sharia audits.
Product Description :
Our Ijaras add a new meaning to Vehicle Leasing. We'll purchase the vehicle of your choice, comprehensively insure it, let you use it over the lease period, pick up the cost of any major repairs (other than routine maintenance) and gift it to you at the end of the lease period - if you have met all the lease rentals on time. This way, we take more risk than you do whilst you enjoy the benefits of our lease!
Product Description :
Our Ijaras add a new meaning to Equipment & Machinery Leasing. We'll purchase the equipment & machinery of your choice, comprehensively insure it, let you use it over the lease period, pick up the cost of any major repairs (other than routine maintenance) and gift it to you at the end of the lease period - if you have met all the lease rentals on time. This way, we take more risk than you do whilst you enjoy the benefits of our lease!
Product Description :
With Amana's Home Financing Scheme, you do not pay an interest-bearing loan. Instead, you and Amana become co-owners of the house. You enter into a co-ownership agreement that establishes your joint ownership with Amana and spells out each party's rights and obligations.
Product Description :
Murabaha refers to the sale of a commodity in which the seller agrees with the buyer to provide him a specific commodity on a certain profit added to his cost. The basic principle of Murabaha is that the seller must disclose the actual cost he has incurred in acquiring the commodity and his profit mark-up thereon. The profit may be a specified amount or be based on a percentage.
Product Description :
Musharaka literally means sharing. In the context of business it means a joint venture in which all partners share the profit and loss of the joint venture. Musharaka is an ideal alternative to interest based financing with positive and far reaching effects on production and distribution.