The name honors the history of this island nation as Sri Lanka, previously named Ceylon, when British ruled, and was known as 'Serendip' in even older times.
—”’Serendip’”
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Serendib, also spelled Serendip, Arabic Sarandīb, name for the island of Sri Lanka (Ceylon). The name, Arabic in origin, was recorded in use at least as early as ad 361 and for a time gained considerable currency in the West.