LOLC Al-Falaah dominates SLIBFI Awards 2025 with five golden triumphs

LOLC Al-Falaah team at SLIBFI Awards 2025

LOLC Al-Falaah, the Alternate Financial Services unit of LOLC Finance PLC, has once again cemented its position as Sri Lanka’s undisputed leader in the Islamic Banking and Finance space, achieving an extraordinary triumph at the 14th Sri Lanka Islamic Banking and Financial Industry (SLIBFI) Awards 2025.

Following an outstanding financial year LOLC Al-Falaah carried forward its momentum to dominate at this year’s SLIBFI Awards, outpacing its own previous benchmarks and the competition alike.

At the ceremony held on 18 July at Shangri-La Colombo, LOLC Al-Falaah continued its victorious journey by winning Gold awards for the coveted Islamic Financial Entity of the year, NBFI (Non-banking Financial Institution) of the year and Window of the year, being the highlights of the evening. Further, LOLC Al-Falaah bagged the Best Digital product (i-Pay) of the year and Social Upliftment awards demonstrating its industry excellence, consistent performance, and firm dedication to setting new benchmarks in ethical and inclusive financial services.

Highlighting its commitment to nurturing the next generation of industry leaders, LOLC 

Al-Falaah’s Saabiq Niyas was honoured as the Rising Personality of the Year (Male), who is amongst an elite few of LOLC Al-Falaah’s staff members who have been crowned in the past with this prestigious honour.

These accomplishments underscore LOLC Al-Falaah’s sustained leadership in Sri Lanka’s Alternate Financial Services sector, having been consecutively recognised among the top contenders at the SLIBFI Awards. The unit, which previously has secured multiple Gold and Silver awards over the years, has now decisively claimed Gold awards on all main categories, reflecting its relentless pursuit of excellence and its drive to surpass even its own previous successes.

Commenting on this milestone achievement, LOLC Finance PLC Head of the Alternate Financial Services Unit Shiraz Refai stated, “This is not just a win, it’s a statement from our valued clients of their acceptance of our product range and our continued commitment to strive and offer complete and innovative financial solutions. LOLC Al-Falaah has redefined the excellence in Alternate Financial Services in Sri Lanka. Our goal is not to compete with others but to compete with ourselves—setting the bar higher every year purely to give financial freedom to our clients. Our team’s commitment to innovation, digital transformation, financial inclusion, and social impact is what drives us forward. We have been a trend-setter in the industry giving practical and workable financial solutions for our valued clients.”

The Social Upliftment Award further emphasises LOLC Al-Falaah’s leadership in ethical finance and its commitment to community development. This recognition reflects the company’s sustained efforts to enhance financial literacy while promoting financial inclusivity among underserved and less financially literate communities. This accolade stands as a testimony to the organisation’s values of inclusivity, sustainability, and responsible financial stewardship, highlighting its role as a catalyst for positive social impact.

The SLIBFI Awards, organised by UTO EduConsult and independently adjudicated by KPMG Sri Lanka, remains the most prestigious recognition platform in Sri Lanka’s Islamic Finance industry, acknowledging organisations that drive growth, innovation, and integrity in the sector.

LOLC Al-Falaah continues to lead with a full-spectrum portfolio of Shari’ah-compliant financial solutions, nationwide accessibility via 200+ locations, and cutting-edge digital platforms such as iPay and LOLC Real Time—reaffirming its position at the pinnacle of Sri Lanka’s Alternate Financial Services landscape.