Monday Nov 03, 2025
Monday Nov 03, 2025
Thursday, 16 October 2025 05:30 - - {{hitsCtrl.values.hits}}
LOLC Al-Falaah Takaful Life and LOLC Al-Falaah Takaful General have been honoured with four distinguished awards at the 10th Islamic Finance Forum of South Asia (IFFSA) Awards 2025, in recognition of their outstanding contributions to Shariah-compliant takaful solutions during 2024. This marks the first time both entities have been recognised simultaneously at this esteemed regional forum, representing a remarkable milestone in their journey.
The accolades include Silver and Bronze awards for Takaful Window/Unit of the Year 2024/25 for Life and General respectively, along with Bronze and Merit awards for Islamic NBFI Window/Unit of the Year 2024/25 for Life and General.
These recognitions highlight LOLC Al-Falaah Takaful’s commitment, as one of the fastest-growing Takaful entities in Sri Lanka, to delivering trusted, Shariah-compliant protection solutions across both Life and General segments, while continuously addressing the evolving needs of customers and communities.
LOLC Al-Falaah Takaful Head of Takaful Shathik Niyas stated, “We are truly honoured to receive this recognition for both our Life and General companies at IFFSA 2025. This milestone serves as a powerful encouragement for our ongoing efforts to deliver takaful solutions that are thoughtfully designed to meet the diverse needs of our communities, supported by service excellence and advanced digital capabilities. We extend our heartfelt gratitude to our valued customers for their continued trust and confidence. With our extensive branch network, dedicated takaful centres, experienced sales teams, and innovative digital platforms, we remain steadfast in empowering individuals, families, and businesses to build secure and resilient financial futures.”
Established under LOLC Insurance, LOLC Al-Falaah Takaful General commenced operations in 2014, followed by LOLC Al-Falaah Takaful Life in 2016. Today, the company offers a comprehensive portfolio of Shariah-compliant solutions, including Family Protection and Loan Protection Plans, Motor Takaful, Fire Takaful, Travel Takaful, Solar Takaful, Liability Takaful, and Engineering Takaful. Through these offerings, LOLC Al-Falaah Takaful continues to set new industry benchmarks and standards in Sri Lanka’s takaful sector by integrating innovation, customer-centricity, and digital transformation to deliver meaningful, Shariah-compliant financial protection that supports long-term resilience and prosperity.
