LOLC Al-Falaah honoured as ‘NBFI of the Decade’ at IFFSA 2025
View(s):LOLC Al-Falaah, the Alternate Financial Services unit of LOLC Finance PLC, was once again in the spotlight at the 10th Islamic Finance Forum of South Asia (IFFSA) Awards, held recently at the Shangri-La Hotel, Colombo.
The brand emerged as one of the evening’s biggest winners, reaffirming its position as Sri Lanka’s most awarded and trusted Alternate Financial Services provider and also being recognised as a champion of financial inclusivity amongst other NBFIs in the South Asian region, the company said in a media release.
Among the prestigious accolades received, the most defining was the honorary recognition for ‘NBFI of the Decade Award’, a rare and historic achievement for any Non-Banking Financial Institution in Sri Lanka. This extraordinary honour, awarded amidst fierce competition from across South Asia, cements LOLC Al-Falaah’s reputation as an industry pioneer and leader that continues to set benchmarks in the region.
In addition to this landmark win, LOLC Al-Falaah secured the coveted Gold Award for ‘NBFI of the Year’, recognising its excellence in operational performance, product innovation, customer-centricity, and its strong contribution to the Islamic finance ecosystem. Further demonstrating its strength and versatility, the company also received multiple accolades across diverse categories, including NBFI of the Year (Gold), Islamic Finance Entity of the Year (Silver), Window Unit of the Year (Silver), Product of the Year (Silver) for its innovative ‘Wakalah Future Cash Today’ (Factoring) solution, Digital Product/Fintech of the Year (Bronze) for iPay, and Social Upliftment Award (Silver) for its impactful community initiatives executed via the company’s charity fund.
Commenting on the significant victory, Mr. Montini Warnakula, Chief Operating Officer of LOLC Finance, stated, “These awards signify much more than industry recognition. They reflect the depth of innovation, collaboration, and resilience embedded within our teams.”
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