LOLC Al-Falaah, the Alternate Financing arm of LOLC Finance PLC emerged winners at the 7th annual Sri Lanka Islamic Banking & Finance Industry (SLIBFI) Quiz Night 2019, which was held recently. Institutions and various stakeholders from the Islamic banking & finance (IBF) fraternity got together to challenge and test each other’s minds and knowledge of the industry and beyond. This year’s event witnessed enhanced participation from the respective teams, with 5-member teams representing each organisation. The unique element of this year’s event was that the competition was held on an online platform due to Covid-19 social-distancing safety regulations.
This year too, all major practitioners, representatives from the top tier banks, non-bank finance Institution teams as well as representation from the insurance sector participated. Questions were mainly based on the knowledge on current affairs, general knowledge, global sports as well as in Islamic finance.
Speaking about the victory, the Deputy General Manager of LOLC Al-Falaah, Mr. Shiraz Refai said, “As a company, we encourage our employees to take part in industry activities outside their usual core business responsibilities, which gives them the opportunity to enhance as well as transfer their knowledge, mingle with peer professionals from the fraternity and have a good time in a competitive yet friendly environment”.
LOLC Al-Falaah, with over a decade of experience in the alternate finance landscape of Sri Lanka, functions directly under the auspices of LOLC Finance PLC, which is Sri Lanka’s largest non-banking financial institution (NBFI). LOLC Finance which is a regulated Finance Company of the Central Bank of Sri Lanka (CBSL) is rated [SL] A with stable outlook by ICRA Lanka Limited, a wholly owned subsidiary of ICRA Ltd.