Serendib Shariah Investments

Business Model

Serendib Sharia Investment Ltd is a company formed to invest the share capital of the company on Sharia compliant listed equities (white list) to take advantage in the growth in the equity market with the overall growth in the economy of the country. The company will adopt a medium to long term outlook in the investment policies. The income of the company will be dividend income and capital gains on sale of listed equities.

Serendib Sharia Investment Ltd will provide a unique opportunity investors who wish to be part of the equity market in Sri Lanka while at the same time ensure their investments are made only in permitted investments while being part of Sri Lanka’s growth story. Kenanga Investment Corporation Ltd, the Promoters and The Managers of the Company, with their partner for “White List” will conduct through research and due diligence and select companies that are exposed to Sri Lanka’s long-term growth potential with excellent business models and sound management while ensuring the investments are Sharia Compliant according to the White List.

The company will follow a very strict policy of investing only on Shariah Compliant Listed Equity with a policy of exit within a pre determined period in the event of a White List Equity getting classified as a Non Sharia Compliant at any time

During the first two years of operation, SSIL companies will have an active investment strategy, develop and implemented by KICL, to create a sound base for future listing of the Company in Colombo Stock Exchange after 2 years of operations.