Al-Falaah, the alternate financial services unit of LOLC Finance PLC, one of Sri Lanka’s largest Non-Banking Financial Institution (NBFI), clinched three accolades at the recently concluded 5th Islamic Finance Forum South Asia (IFFSA) Awards 2019/20.
LOLC Al-Falaah emerged as the ‘Leasing Company of the Year’ winning the South Asian Gold award and the Silver award for the ‘IFFSA Quiz Competition’.
LOLC Al-Falaah also won the Bronze Award under the ‘Window of the year category’ competing with its South Asian regional counterparts.
The IFFSA awards is a much looked forward annual event by the Islamic Banking and Finance (IBF) fraternity in South Asia.
The 2019/20 awards encompassed a new element which was the IFFSA Quiz and LOLC Al-Falaah was able to take home the Runner-up Award.
Expressing his views on the achievements, Shiraz Refai, Deputy General Manager of LOLC Al-Falaah said, “We have been recognized and awarded as the Best Leasing Provider in Sri Lanka at the IFN-Best Banks Poll, Best in South Asia at the IFFSA Awards and Best in the World yet again by IFN-NBFI Poll for the financial year 2019/20.”
LOLC Group Head of Alternate Financial Services Krishan Thilakaratne said, “This is another proud moment for LOLC Al-Falaah, completing the financial year on a high note. This further affirms that our dynamism and our leading position in the Islamic Banking and Finance industry is not limited to Sri Lanka as our significance is also emphasized in the South Asian IBF industry.”
LOLC Al-Falaah, with over a decade of experience in the Alternate Finance landscape of Sri Lanka, functions directly under the auspices of LOLC Finance PLC.
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