Lanka ORIX Finance PLC (LOFC) together with LOLC Technologies Ltd was feted for their notable contribution to the Islamic Finance Industry, at the recently concluded Sri Lanka Islamic Banking and Finance Industry (SLIBFI) Awards held at the Galadari Hotel, Colombo.

LOLC Technologies was awarded the Gold Award for “Best Islamic Finance IT Solutions Provider” whilst Al-Falaah, the Islamic Business Unit of LOFC bagged two Silver awards for “Islamic Finance Entity of the Year” and “Islamic Finance Product/Deal of The Year” and a Merit Award for “Social Upliftment Recognition”.

Held annually, the SLIBFI Awards recognizes and rewards Sri Lankan Banking and Financial Institutions that contribute towards the sustainable development of Islamic Financial Products and Services. This year’s awards ceremony was held for the 3rd consecutive year and was participated by Mr. Shibly Aziz PC, Former Attorney General as the Chief Guest. Many other notable financial institutions too participated and were feted for their excellence in the industry.

Commenting, Mr. Krishan Thilakaratne, General Manager, Al-Falaah IBU said, “These accolades validate the untiring efforts and dedication put in by our LOLC Teams to ensure that our products and services are of the highest caliber, even going beyond industry standards. To support that, we have a strong infrastructural network, IT processes and a team of highly skilled professionals who dispense diverse and customized financial solutions to the masses.

Also sharing his views, Mr. Conrad Dias, Managing Director/CEO of LOLC Technologies said, “We are honoured to be recognized as the Best Islamic Finance Solutions Provider and we dedicate this award to our customers who are the driving force behind our continuous progress and innovation. This award recognizes our commitment to the industry.

The winning LOLC Group Companies have previously demonstrated their outstanding performance and innovative contributions to the Islamic Finance Industry by winning three major accolades at last year’s awards ceremony.