People’s Leasing clinches Silver and Bronze at the SLIBFI awards ceremony

Friday, 6 June 2014 01:08 - - {{hitsCtrl.values.hits}}

People’s Leasing & Finance PLC (PLC), the trailblazer in Sri Lanka’s non-bank financial services sector, clinched Silver and Bronze awards at the SLIBFI (Sri Lanka Islamic Banking and Financial Industry) awards ceremony. The gala event was held for the third time on 27 May at the Galadari hotel. The SLIBFI Awards is held with the object of honouring the best performers in the Islamic banking and financial services fraternity in Sri Lanka, under six categories. PLC secured the Bronze in the ‘Best Islamic Finance Entity of the Year’ category, whilst PLC’s Operations Executive M. Hikam Hussain bagged the Silver in the ‘Rising Islamic Finance Personality of the Year’ category. Speaking of the two awards, PLC DGM-Business Development & Marketing Rohan Tennakoon said: “We are indeed honoured to have received these two prestigious accolades and it is of significance to us as this is the very first occasion that our ‘Al-Safa’ Islamic Finance Unit applied for the SLIBFI awards. We launched our Al-Safa Islamic Finance Unit in 2005 and all our activities in the Al-Safa Unit are carried out strictly according to the Shariah principles under the guidance of the Shariah Supervisory Board. These activities have shown a significant progress as of today. We have seven dedicated branches operating under the Al-Safa Unit at present and in addition, Islamic financial services can also be obtained from any of our other branches in the country.”

Tennakoon revealed that PLC is all set to establish an island-wide Al- Safa services network, and to provide a broader range of financial facilities in line with the global standards in Islamic finance. “On behalf of our company, I congratulate Hikam Hussain who bagged the Silver award in the ‘Rising Islamic Finance Personality of the Year’ category,” said Tennakoon in conclusion. Founded in 1995 as a subsidiary of the largest state bank in Sri Lanka People’s Bank, PLC is distinctly recognised as the number one leasing company in Sri Lanka whilst securing the market leadership for over 12 consecutive years in the leasing sector of the country. PLC offers to its customers an array of financial solutions including, leasing, hire purchase, fixed deposits, saving accounts, loan facilities, vehicle imports and Islamic financial services. Within a short span of time, PLC has diversified its operations across the spheres of insurance, microfinance, property development and fleet management services to include five subsidiaries namely, People’s Insurance Ltd., People’s Microfinance Ltd., People’s Leasing Property Development Ltd., People’s Leasing Fleet management Ltd. and People’s Leasing Havelock Properties Ltd. Facilitating customers to obtain all financial services under one roof by acting as a ‘one-stop-shop’ and thus saving customers’ precious time and money is the core competency of PLC. Established in 2005, the Al-Safa Islamic Finance Unit of PLC has evolved presently to be a force to reckon with in the country. In the financial year 2013/14, it recorded a growth of 142% over the previous financial year.