Al-Falaah Islamic Business Unit opens branch in Akkaraipattu
Al-Falaah, the Islamic Business Unit (IBU) of Lanka ORIX Finance
PLC., opened its latest, fully fledged Islamic Financial Services centre
in Akkaraipattu earlier this week.
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CEO of Al-Falaah Islamic
Business Unit, Krishan
Thilakaratne speaking at
the opening ceremony of
the new Al-Falaah service
center in Akkaraipattu. |
CEO of Al-Falaah Islamic Business Unit Krishan Thilakaratne; Managing
Director/CEO of Lanka ORIX Finance PLC., Brindley de Zylva; Chief
Officer Branch Network Ashan Nissanka; Chief Manager of Al-Falaah
Islamic Business Unit Shiraz Refai and senior management members of the
LOLC Group were among the distinguished guests at the opening ceremony.
Located at Akkaraipattu, this new branch is the fifth fully fledged
service point of the IBU branch network, which also includes dedicated
IBU branches in Kalmunai, Akurana, Oddamavadi and Kaththankudi.
Al-Falaah provides Shari’ah compliant financial services such as
Mudharabah (Profit – Sharing Investments and Savings), Ijarah (Leasing),
Murabaha (Trade Financing) and Diminishing Musharakah (Property/Project
Financing), and has a special approval from the Central Bank of Sri
Lanka to function within the framework of Lanka ORIX Finance PLC.
Speaking at this significant event, CEO, Krishan Thilakaratne said;
“Financial services offered by Al-Falaah are geared towards providing
our customers better returns on their investments, in compliance with
Shari’ah principles.
Our new branch in Akkaraipattu will offer the rising SMEs in the
vicinity, an opportunity, to invest and further their business
aspirations, which will provide an added boost to the burgeoning economy
of the East.”
All financial activities of Al-Falaah are supervised by a dedicated,
Independent Shari’ah Supervisory Board chaired by industry leading local
and international Shari’ah scholars.
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