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LOLC Al-Falaah Wadi'ah Gold Storage Facility hits Rs. 3 b milestone
Daily FT
|June 13, 2025
LOLC Al-Falaah, the Alternate Financial Services unit of LOLC Finance PLC, yesterday announced its 'Wadi'ah Gold Storage Facility' has achieved a remarkable milestone by surpassing a benevolent cash-advance portfolio exceeding Rs. 3 billion.
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"This momentous achievement signifies the growing demand for ethical, transparent, and purpose driven financial solutions in Sri Lanka's evolving financial services landscape," the company said in a statement.
LOLC Finance PLC was the first Non-Banking Financial Institution (NBFI) in the country to launch the 'Wadi'ah Gold Storage Facility', offering alternative features to address conventional gold loan offerings.
The Wadi'ah Gold Storage Facility allows customers to safely deposit their physical gold while receiving a valid storage certificate that clearly details the exact weight, quality, and value of the items stored. This transparency, coupled with LOLC's robust infrastructure, has earned deep customer trust across a wide demographic — including SMEs and middle-to-lower-income segments who value both security and ethical financial conduct.
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