- Azeem H.M.M
- Department of Islamic Studies, South Eastern University of Sri Lanka
Banking services have become increasingly essential in the contemporary era of rapid globalisation. Businesses must maintain relationships with financial institutions, whether by choice or necessity. This study examines the implementation of the Mudharabah Contract and the associated challenges at Amana Bank, which is registered as a fully Islamic bank in Sri Lanka. The study employs a qualitative methodology with a descriptive-analytical approach, and the study applies a juridical-normative perspective supplemented by library research. The nature of this investigation is qualitative, with information primarily derived from existing literature. Findings are presented descriptively. In conclusion, this study proposes recommendations regarding the structural modifications of Amana Wangi, which currently operates savings accounts exclusively through the Mudharabah Agreement. It is suggested that Amana Bank expand its savings account operations to include Wadiya, Wakala, Karl, and Tawarruk agreements and the Mudharabah agreement. The Sharia Council of Amana Bank, the Bank’s corporate council, and future analysts will be committed to this initiative.
