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Country Presentation: Sri Lanka Ishrat Rauff Managing Director/CEO Adl Capital Ltd. 18 th October 2011

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. 18 th October 2011

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  1. Country Presentation: Sri Lanka Ishrat Rauff Managing Director/CEO Adl Capital Ltd. 18th October 2011

  2. 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)

  3. 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)

  4. Per Capita GDP: 1960 – 2010(US dollars) (Source- Central Bank of Sri Lanka Annual Report – 2010)

  5. Expected Growth (Source: Sri Lanka’s Economic Resurgence & Future Prospects CBSL)

  6. Transition to a Service based economy. (Source- Sri Lanka - An Investment Odyssey - Strategy Report CT Smith Stockbrokers)

  7. 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

  8. 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)

  9. 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.

  10. 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.

  11. Key Milestones

  12. 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.

  13. Sri Lanka – YOUr gateway to south Asia

  14. Pristine beaches

  15. Lush Greenery

  16. Scenic Beauty

  17. Amazing Wildlife

  18. Thrilling Sports

  19. Rare Valuables

  20. Ishrat Rauff Managing Director/CEO Adl Capital Ltd. Tel: +94 727 718 247 E-mail : ishrat@adlcapital.com Web : www.adlcapital.com

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