LOLC Al-Falaah’s ‘Wakalah Future-Cash Today’ represents an industry ‘First’ alternative to traditional FACTORING, Invoice & Cheques Discounting facilities, aimed at revolutionizing working capital and business financing. This pioneering solution sets a new standard in Sri Lanka’s alternate financial services industry, enabling businesses to access and optimize future cash flows in real-time while adhering to ethical financial standards.

The ‘Wakalah Future-Cash Today’ product is designed in accordance with the ‘Wakalah-Bil-Istithmar’ principle, ensuring complete compliance with Islamic economic jurisprudence.

Through this approach, LOLC Al-Falaah injects capital into business operations in exchange for a predetermined Anticipated Profit Rate Return (APR), thereby avoiding interest-based accommodations. Businesses act as agents to utilize these funds within their operations, with any excess earnings serving as a performance incentive. LOLC Al-Falaah also offers a Collection Management service on request as part of the transaction. This framework fosters financial discipline, enhances transparency, and promotes ethical business conduct while assuring smooth cashflows in line with the business growth.