Al-Falaah opens first Student Savings Centre
Al-Falaah, the Islamic Business Unit of Lanka ORIX Finance PLC
(LOFC), under its Shari'ah based children's savings brand "Al- Falaah
Junior", opened the first Student Savings Centre at the Fathima Muslim
Ladies College, Colombo 12. This is the first of its kind in the Islamic
Financial Services industry launched by a Licensed Finance Company.
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Kalsha Amarasinghe, the Executive
Director of the LOLC Group, handing over the first savings
pass book to a student |
The aim of opening this new Student Savings Centre is to create
awareness about Islamic Finance and the Shari'ah principles associated
with it amongst children at an early stage.
A special ceremony was organized by the students of the school, where
Kalsha Amarasinghe, the Executive Director of the LOLC Group, attended
as Chief Guest and participated in the first transaction of the Student
Savings Centre.
LOLC's Senior Management members and officials, including, Krishan
Thilakaratne, CEO of Al Falaah, Brindley de Zylva, MD/CEO of LOFC, Ashan
Nissanka, Chief Officer, Branch Network together with Shiraz Refai,
Chief Manager, Al-Falaah were also present.
In addition, H. N. Yousuf, the Principal of the school, K. L. S.
Rumaiza, Teacher in charge of the Al-Falaah Student Savings Centre
together with the school's OGA members, PTA members, SDS members, school
staff members, well-wishers and students were also present during the
ceremonial activities. The initiative to open a Student Savings Centre
was well received by parents, teachers as well as students.
Addressing the gathering, Kalsha Amarasinghe said, "In order to
nurture the savings habit amongst future leaders of the country,
Al-Falaah Junior opened the industry's first Shari'ah Compliant Student
Savings Centre at the Fathima Muslim Ladies College.
Al-Falaah together with its parent company LOFC will take steps to
bring this unique concept to strategic locations around the country,
enabling children of the Islamic faith, to save and invest for their
future, in compliance with their religious obligations."
"Al-Falaah Junior" is a Shari'ah Compliant Children's Savings
facility, first introduced by Al-Falaah, back in August 2009.
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