Tuesday Jul 14, 2026
Tuesday Jul 14, 2026
Tuesday, 14 July 2026 06:59 - - {{hitsCtrl.values.hits}}
Market leader LOLC Al-Falaah has introduced ‘Al-Falaah Tawarruq for Personal Finance,’ the country’s, as well as South Asia’s, first structured Tawarruq-based Islamic liquidity solution.
The launch marks a significant milestone in the evolution of Sri Lanka’s Islamic finance landscape, offering customers a practical and ethically grounded avenue to access liquidity. It also further strengthens LOLC’s position as Sri Lanka’s leading alternate financial services provider.
Since the launch of Islamic finance over two decades ago, Al-Falaah now serves 15% of LOFC’s overall base. Islamic finance accounts for 15% of the company’s loan book and maintains a very low non-performing loan (NPL) ratio.
LOLC said this latest innovation was developed in response to the growing demand for alternate financial solutions. The Al-Falaah’s Tawarruq provides a structured, transparent, and accessible mechanism for customers to obtain liquidity while remaining aligned with Islamic economic principles. The solution is designed to support a wide range of financial needs, including education, healthcare, business expansion, personal commitments, and other essential expenditures.
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