CLC Islamic Finance wins three awards | Sunday Observer

CLC Islamic Finance wins three awards

Commercial Leasing & Finance PLC’s Director/ CEO Mr. Krishan Thilakaratne receives the award for the Islamic Finance Entity of the Year
Commercial Leasing & Finance PLC’s Director/ CEO Mr. Krishan Thilakaratne receives the award for the Islamic Finance Entity of the Year

Commercial Leasing & Finance PLC’s (CLC), Islamic Business Division, took home three gold awards at the third Islamic Finance Forum for South Asia (IFFSA) awards ceremony 2018.

As a result of dedication and commitment to the sector, CLC were able to walk away with ‘Window of the Year’, ‘Leasing Company of the Year’, and the prestigious ‘Islamic Finance Entity of the Year’ awards.

The internationally acclaimed awards ceremony sees the participation of full-fledged banks, finance windows, insurance providers, IT companies and education providers from across South Asia, with entities represented not only from Sri Lanka, but also India, Pakistan, Maldives and Bangladesh.

CLC services includes their fully fledged Shari’ah compliant product range, extensive branch network comprising of over 60 branches and service points across the island, all of which offer Islamic Financing.

The awards recognise the commitment of CLC to incorporating and offering Islamic Finance options across the nation, the education of both staff and customers on the intricacies of Sharia-compliant finance.

CLC’s Islamic Unit grow tremendously, revenue growth by 89% while the asset portfolio growth was 67%. Significant growth was recorded in deposits (162% ) conforming the trust placed by the investors in IBD-CLC. Ilsam Awfer, Manager of the Islamic Business Division mentioned some key factors that contributed to their successes. “We’ve taken a lot of effort in promoting Islamic Finance to the masses of the country. One of our objectives was to make every individual in this country aware of this concept. I would like also to acknowledge the support and the blessings of the Board of Directors, Shari’ah Supervisory Board, colleagues of the management team, and further I thank all our customers” he said. 

Comments