‘Al-Falaah Ladies’ provides financial solutions for women
View(s):Al-Falaah, the Islamic Business Unit (IBU) of Lanka ORIX Finance PLC (LOFC), is creating a window in the ladies financial services through the launch of its latest brand “Al-Falaah Ladies”.
For this purpose, a dedicated Business Unit – an innovation in the Islamic Financial Services sector – was set up at the main Al-Falaah centre located at LOLC head office premises, with a team of highly skilled professionals to manage the product and services exclusively, the company said.
The unit will offer comprehensive financial products and services aimed at offering women an opportunity to invest soundly, and to reap maximum benefits.
Plans are underway to further develop this exclusive ladies brand to offer a diverse range of innovative financial products and services with maximum benefits that demand the exclusive requirements of women, the company added.
The ‘Mudharabah Ladies Savings Account’ offers a profit sharing ratio of 42:58 (42 per cent to the investor), and added benefits include a fully integrated Savings Passbook enabling unlimited deposits and withdrawals, Maestro linked ATM card with accessibility to 500+ ATMs island wide, and a Debit card with international accessibility.
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