ANNOUNCEMENTS


Facebook    Adl Capital is now available on facebook. 

linkedin  Adl Capital is now available on Linkedin. 

twitter  Adl Capital is now available on Twitter. 

Shariah Report for the Year Ended 31 March 2013


TESTIMONIALS

LB Finance PLC

People's Insurance Limited

NDB Bank

HNB

Alufab PLC

Arpico Finance Company PLC

Citizens Development Bank PLC

HNB Assurance PLC 


MEDIA RELEASES

Maldives’ Capital Market Development Authority partners Adl Capital to launch training program

Jan 28, 2015

The Capital Market Development Authority of Maldives (CMDA), the regulator overseeing the capital markets in the Maldives, secured the services of Sri Lanka’s Adl Capital to conduct a three-day training program on fund management/investment advisory ... 

Dhammika via Hayleys effects another takeover structured by Adl Capital

Oct 16, 2014

Business leader and ace acquirer Dhammika Perera yesterday effected another takeover via Hayleys Plc, buying 61% stake in Alufab Plc for Rs. 168 million. ... 

Arpico Finance partners with Adl Capital to offer Islamic financing

April 28, 2014

Arpico Finance Company PLC, (AFC), one of Sri Lanka’s oldest finance company is the newest entrant into the growing domestic market of Islamic Financing with the launch of a dedicated Islamic Financing Unit – Al Jabal ... 

Comtrust-Adl Mudarabah Fund completes first year

February 10, 2014

Comtrust-Adl Mudarabah Fund, Sri Lanka's first open-ended Shariah compliant Income Fund, a combined initiative of Comtrust Asset Management and Adl Capital Ltd., completed its first year since its launch in January 2013. During this period, the Fund posted an annual growth of 10.5% p.a., which compares remarkably well in comparison to Shariah-complaint investments of similar tenor offered in the market ... 

Comtrust Adl Mudarabah Fund shines at SLIBFI Awards Night

November 5, 2013

The Comtrust Adl Mudarabah Fund, Sri Lanka’s first ever open-ended Shariah complaint Income Fund, a combined initiative of Adl Capital Ltd. and Comtrust Asset Management Ltd. was the honoured recipient of the Silver Award under the category of ‘Islamic Finance Product/Deal’ of the year at the Inaugural ‘Sri Lanka Islamic Banking and Finance Industry (SLIBFI) Awards Night’ held at Galadari Hotel, Colombo on 23 October 2013. 

Comtrust-Adl Mudarabah Fund declares dividend

August 30, 2013

The Comtrust-Adl Mudarabah Fund has recorded impressive growth during its first seven months of operation. The fund, which was launched in January 2013 at the initial unit price of Rs. 10, recently declared a 40 cents per unit dividend to its unit holders from the income earned up to 30 June 2013. 

read more

Adl Capital and Comtrust launch first-ever Shariah-compliant income fund

November 14, 2012

In 2011, Adl Capital and Comtrust successfully pioneered Sri Lanka’s first open-ended Shariah compliant equity fund, ‘The Crescent i-Fund,’ and the launch of this income fund which will invest only in Shariah-compliant money market instruments rather than equity, will offer investors an alternative investment opportunity that offers regular returns. 

read more

Islamic banking and finance advisory services to assist financial institutions

September 7, 2012

The Adl Group of Companies has been actively engaged in the development efforts of Sri Lanka’s Shariah based equity and capital markets. The group includes two SEC-regulated market intermediaries, Shariah compliant investment manager Adl Capital Limited as well as the first provider of margin trading services on a Shariah-compliant platform, Adl Equities Limited. 

read more

CDB engages ADL Capital to offer Islamic financial services

July 17, 2012

Citizens Development Business Finance PLC (CDB) will venture into the expanding domestic market of Islamic Finance with the scheduled launch of the company’s Sharia’h compliant Independent Finance Unit branded CDB Meezan shortly. 

read more

HNB partners Adl Capital for Islamic banking solutions

March 13, 2012

Hatton National Bank PLC became the newest entrant to the growing domestic market of Islamic banking with the launch early last week of the bank’s dedicated and branded Islamic Banking Unit – HNB – Al Najah. The unit will operate under the overall ambit of HNB and will offer a broad spectrum of Shariah compliant products and services to its entire clientele. 

read more

ADL becomes Sri Lanka’s first Shariah compliant margin trading service provider

December 23, 2011 

Adl Capital Limited, recently licensed by the Securities and Exchange Commission (SEC) of Sri Lanka as an Investment Manager, is poised to further expand its range of services, following the recent approval granted to its fully owned subsidiary, Adl Equities Ltd., by the SEC to offer Margin Trading services. Adl Equities thus becomes the first licensed provider of margin trading services on a Shariah-compliant platform. 

read more

Comtrust Adl Mudarabah Fund shines at SLIBFI Awards Night 

November 5, 2013

The Comtrust Adl Mudarabah Fund, Sri Lanka’s first ever open-ended Shariah complaint Income Fund, a combined initiative of Adl Capital Ltd. and Comtrust Asset Management Ltd. was the honoured recipient of the Silver Award under the category of ‘Islamic Finance Product/Deal’ of the year at the Inaugural ‘Sri Lanka Islamic Banking and Finance Industry (SLIBFI) Awards Night’ held at Galadari Hotel, Colombo on 23 October 2013. High Commissioner of Malaysia Azmi Zainuddin graced the occasion as Chief Guest.

The SLIBFI Awards Night is a first of its kind in Sri Lanka and marks yet another milestone in the evolution of the country’s IBF industry. It recognises the most outstanding contributions made by service providers of Sri Lanka’s rapidly expanding Islamic banking and finance sector for and during the year 2012. The selection process was independently monitored under the supervision of leading audit firm KPMG Sri Lanka, the knowledge partner of the event.

The Comtrust Adl Mudarabah Fund which is registered with the Securities and Exchange Commission of Sri Lanka (SEC) operates as a unit trust with Deutsche Bank functioning as Trustee to the fund.

The Comtrust Adl Mudarabah Fund which is registered with the Securities and Exchange Commission of Sri Lanka (SEC) operates as a unit trust with Deutsche Bank functioning as Trustee to the fund.

The fund’s entry into the local Islamic Banking & Finance (IBF) market space was a long felt need and whilst providing retail/personal investors with a hassle free, Sharia compliant investment mechanism that provides regular returns, it also caters to an important industry need, where the IBF institutions could effectively use the fund as a quasi-money market instrument to manage liquidity.

Adl Capital Ltd. Associate Director Azad Zaheed expressed delight at the Comtrust Adl Mudarabah Fund winning this award. He noted that the fund performance thus far has been impressive and was in line with the pre-launch expectations.

This is evidenced by the extremely attractive returns that have been paid to its Investors which ranks’ high as against other comparable investments in the IBF industry. Zaheed also attributed the success to the fund’s unique features and benefits on offer such as, an investor friendly profit sharing ratio (PSR) of 90:10, and the absence of entry and exit fees. 


Comtrust-Adl Mudarabah Fund declares dividend

August 30, 2013

The Comtrust-Adl Mudarabah Fund has recorded impressive growth during its first seven months of operation. The fund, which was launched in January 2013 at the initial unit price of Rs. 10, recently declared a 40 cents per unit dividend to its unit holders from the income earned up to 30 June 2013. As at end-July 2013, the unit price was Rs. 10.61 (prior to the payment of dividend) and this translates to an annualised year-to-date return (AER) of 10.70% p.a.

Structured as a unit trust with the objective of providing short term returns to investors, the fund is an initiative of Adl Capital Ltd. and leading unit trust company, Comtrust Asset Management Ltd. Deutsche Bank functions as Trustee to the fund.

Adl Capital Associate Director Azad Zaheed noted that the fund has provided an attractive return to its investors as against comparable investments. Zaheed attributed the success to the fund’s unique features such as an investor friendly profit sharing ratio (PSR) of 90:10, which ranks among the highest in Sri Lanka’s Islamic finance market, and the absence of entry and exit fees.

The low minimum investment of Rs. 1,000, the flexibility provided to investors/entities to access their funds at short notice and the relatively low risk on investment, given that investments by the fund into any particular institution has a limit placed on it, make the Comtrust-Adl Mudharabah Fund an investment worthy of consideration. 


Adl Capital and Comtrust launch first-ever Shariah-compliant income fund

November 14, 2012

In 2011, Adl Capital and Comtrust successfully pioneered Sri Lanka’s first open-ended Shariah compliant equity fund, ‘The Crescent i-Fund,’ and the launch of this income fund which will invest only in Shariah-compliant money market instruments rather than equity, will offer investors an alternative investment opportunity that offers regular returns.

The Crescent i-Fund

Taking into consideration the increasing demand for regulated Shariah based investments and the prevailing limitations on such investments, the launch of the Comtrust – Adl Mudarabah Fund is both appropriate and timely and is expected to fill a market vacuum where the demand for Islamic banking and financial products/services outweighs the available supply.

Whilst the launch of the fund bears testimony to Adl’s keen desire to drive forward Shariah-based capital market services in Sri Lanka, it also demonstrates Adl’s readiness in meeting local market trends. The fund opens new doors of opportunity and adds variety to the investment options of a growing customer segment.

The fund’s core objective would be to provide tangible monetary benefits on a regular basis to local and foreign investors, across a wide market segment ranging from institutions, charities, corporates as well as retail investors. Deutsche Bank will act as trustee to the fund and will monitor all investments. The fund itself will be under the purview of Sri Lanka’s capital market regulator, the Securities and Exchange Commission of Sri Lanka, and funds would be deployed in permissible and low risk investments that comply with Sri Lanka’s regulatory directives as well as with Shariah guidelines.

Commenting on the launch of the fund, Associate Director of Adl Capital, Azad Zaheed said, “The Comtrust – Adl Mudarabah Fund has been structured with dual objectives. Whilst it meets the aspirations of short term investors, the dund importantly fulfills a long felt need of Sri Lanka’s Islamic banking and finance industry by offering an effective investment mechanism to the retail and institutional investor.

“This potential investor segment also includes Islamic financial institutions and Islamic banking windows who may wish to either invest or draw from the Comtrust – Adl Fund to meet their financing requirements. It is also an opportunity for investors to diversify their existing portfolios.”

Zaheed also observed that the fund’s profit sharing ratio (PSR) of 90:10 ranks among the highest in Sri Lanka’s Islamic finance market. Other beneficial features of the fund include a low minimum investment of Rs. 1,000, tax free dividends in the hands of the investors, the flexibility of redemption at short notice and the absence of entry and exit fees. Further, the investments by the fund in any institution or investment product has a limit placed on it together with a maximum investment horizon of 12 months making the Comtrust – Adl Mudarabah fund worthy of consideration.

 


Islamic banking and finance advisory services to assist financial institutions

September 7, 2012

The Adl Group of Companies has been actively engaged in the development efforts of Sri Lanka’s Shariah based equity and capital markets. The group includes two SEC-regulated market intermediaries, Shariah compliant investment manager Adl Capital Limited as well as the first provider of margin trading services on a Shariah-compliant platform, Adl Equities Limited.

The Adl Group has expanded its scope of services to the specialised field of Islamic Banking and Finance (IBF) consultancy and advisory, which encompasses the areas of Islamic banking, Islamic leasing and Takaful, in fact within a very short period of time.

Adl has already successfully concluded advisory assignments with leading banks and finance companies, the most recent being HNB and CDB. Adl's IBF advisory services are customised to the particular clients' requirements. It recognises the clients' key strengths in the market and develops a cost effective solution around it.Adl’s assignments usually extend beyond the mere setting up of IBF units. The solutions offered by Adl are on a turnkey basis embracing areas of conceptual knowledge, detailed product structuring, documentation, executive search, specialist employee engagement, Shariah guidance, review of the IT systems ensuring compatibility with the IBF products, accounting and financial reporting, legal support, etc., all of which enables financial institutions to offer a broad spectrum of products through a dedicated business unit that operates within the regulatory and Shariah framework.

Adl Capital Associate Director Sabri Abdul Cader, who spearheads Adl's advisory services, observed that Adl’s foray into IBF advisory was primarily to meet increasing customer demand from this niche but steadily expanding market segment.

He noted that Adl's ability to facilitate the entry of banks, finance and leasing companies into the IBF industry has helped unlock closed doors and created opportunities for conventional institutions to offer IBF products and services that conform to Sri Lanka’s regulatory guidelines and meet established Shariah parameters. Importantly, the entry of new players within the local IBF market space has created a competitive yet healthy environment where tangible benefits would accrue to all stake holders.

Commenting on Adl's lead role on the specific area of IBF advisory, Cader said: "Our comprehensive approach towards setting up Islamic banking/financial units enables our clients to offer a wider range of IBF products to their customers. Setting up IBF units now ranks high on Adl's agenda. Our team of expertise with vast experience and a 'hands on' approach to IBF training ensures that our advisory service is result-oriented. We are truly happy to be in this field of IBF Advisory and help extend the reach of Islamic banking products and services not only within Sri Lanka's geographical boundaries but even beyond."


CDB engages ADL Capital to offer Islamic financial services

July 17, 2012

Citizens Development Business Finance PLC (CDB) will venture into the expanding domestic market of Islamic Finance with the scheduled launch of the company’s Sharia’h compliant Independent Finance Unit branded CDB Meezan shortly.

The specialised Unit will operate under the overall ambit of CDB and will roll out a range of deposit and financing products and services to its entire clientele

The specialised Unit will operate under the overall ambit of CDB and will roll out a range of deposit and financing products and services to its entire clientele.

The setting up of CDB Meezan was facilitated under the expert guidance and supervision of SEC registered Investment Manager, ADL Capital Limited – a market intermediary which in addition to its fund management role specialises in structuring turnkey Islamic Financing solutions to the local and overseas industry. These include, establishing fully fledged Islamic banking units and product structuring for licensed banks/registered finance companies/leasing companies. ADL Capital’s corporate advisory functions also includes structuring Shariah compliant products for the capital and equity markets, and offers specialised staff training and Shariah based financial advisory services to private businesses.

"We have been exploring the possibilities of launching Islamic finance for a while now, however, in seeing that the demand for these products is on the increase in the recent times, we believe it is a timely start to offer Islamic financial products to our customers," said CDB Director/Chief Operating Officer Roshan Abeygoonewardena.

ADL Capital Associate Director Sabri Abdul Cader commenting at the conclusion of the company’s assignment said, "The entry of CDB Meezan into the world of Islamic finance is testimony to the resilience that the domestic IBF sector has demonstrated in Sri Lanka’s 15 year history of Islamic banking and finance. We are delighted to partner CDB in this endeavor. With the guidance and support from learned and reputed scholars, we are confident that CDB Meezan will deliver value & benefits to all its stakeholders."


HNB partners Adl Capital for Islamic banking solutions

Hatton National Bank PLC became the newest entrant to the growing domestic market of Islamic banking with the launch early last week of the bank’s dedicated and branded Islamic Banking Unit – HNB – Al Najah. The unit will operate under the overall ambit of HNB and will offer a broad spectrum of Shariah compliant products and services to its entire clientele.

"HNB Managing Director Rajendra Theagarajah (Left) and Adl Capital Managing Director Ishrat Rauff exchange greetings at the recent launch of HNB - Al Najah – the bank’s dedicated Islamic Banking Unit."HNB Managing Director Rajendra Theagarajah (Left) and Adl Capital Managing Director Ishrat Rauff exchange greetings at the recent launch of HNB - Al Najah – the bank’s dedicated Islamic Banking Unit.

The setting up of HNB – Al Najah was facilitated within a short time span under the expert guidance and supervision of SEC registered Investment Manager, Adl Capital Limited – a market intermediary which in addition to its fund management role specialises in structuring turnkey Islamic financing solutions to the local industry.These include establishing fully fledged Islamic banking units and product structuring for licensed banks/registered finance companies/leasing companies. Adl Capital’s corporate advisory functions also includes structuring Shariah compliant products for the capital and equity markets and offers specialised staff training and Shariah based financial advisory services to private businesses.

Commenting on the launch, Managing Director of Adl Capital Ishrat Rauff said: "We view the launch of HNB – Al Najah as an important milestone in our country’s 15 year history of Islamic banking and finance. HNB has been in the forefront of product innovation and has been a robust player in the Banking industry for many years. We are delighted to partner HNB in this endeavour. HNB’s entry into the domain of Islamic banking offers much promise to customers on the retail and corporate front. With the guidance and support from a team of respected and knowledgeable Shariah scholars, we have every reason to believe that HNB’s foray into Islamic Banking will prove beneficial and rewarding to all stakeholders and society at large."

Read More


ADL becomes Sri Lanka’s first Shariah compliant margin trading service provider

Friday, 23 December 2011

Adl Capital Limited, recently licensed by the Securities and Exchange Commission (SEC) of Sri Lanka as an Investment Manager, is poised to further expand its range of services, following the recent approval granted to its fully owned subsidiary, Adl Equities Ltd., by the SEC to offer Margin Trading services. Adl Equities thus becomes the first licensed provider of margin trading services on a Shariah-compliant platform.

A company spokesman said, "We believe that this is a huge milestone for the development of Shariah compliant financial services in Sri Lanka. This is yet another example of providing, innovative product structures in the capital market space, which is the cornerstone of Adl business model. We believe the Shariah compliant Margin Trading facility to be launched shortly is timely and would definitely serve the segment that seeks alternative financing for its investment needs."

Read More

OUR SUBSIDIARIES



Discover Sri Lanka