Adam Capital Micro Credit signs MOU as insurance facilitator with Amana Takaful Life

Adam Capital Micro Credit Ltd., a Sharia compliant company and wholly owned subsidiary of Adam Capital PLC (formerly PCH Holdings PLC) entered in to an agreement with the leading Islamic insurance provider Amana Takaful Life Ltd., to promote their products, playing a facilitator role on a fee sharing basis. Adam Capital Micro Credit business has grown steadily since commencing operations on 29 July, under the patronage of Minister of Finance Ravi Karunanayake and expects to generate steady additional fee based income by this arrangement.

The Micro Credit team is headed by Abdul Wahab Abdulkany, a professional with vast experience in Micro Credit and Ajita Pasqual, a former senior banker providing guidance as Chairman. The plan is to serve the underserved community within a radius of 15 km from the office located at 264, Grandpass Road, Colombo 14, assisting them to uplift their living standards.