Business
CLC Islamic Finance expands its product portfolio by introducing Wadi’ah
CLC Islamic Finance, the Islamic Banking Division (IBD) of Commercial Leasing & Finance PLC., (CLC) announced its latest service offering: Wadi’ah (Safe keeping) – an alternative for conventional Gold loans. This facility is introduced in two options such as the Safe Keeping, which allows the customers to store their gold articles, and the Benevolent Loan facility, which provides an interest free loan for a set period.
With this service, customers have the choice of selecting the Safe Keeping option or avail both Safe Keeping and Benevolent loan facilities simultaneously. A nominal service charge will accumulate only for the Safe Keeping facility where as the Benevolent loan will not accrue any additional charges.
The terms for this product range from 1, 3, 6 to 12 months while the customers can decide the period based on their requirements. Customers who obtain the Wadi’ah Safe Keeping facility avail a free Takaful cover for all their Gold articles. A unique feature of this facility is that the customers can obtain cash instantly via a safe and fully transparent service. As usual, CLC Islamic Finance pledges a fast and hassle free service for customers and no additional charges or penalty will be charged for this product.
Commenting on the new product, Ilsam Awfer – Head of the Islamic Business Division said, “We are indeed happy to address a long awaited need of customers by introducing the Safe Keeping facility. Now we are able to fulfil urgent cash needs of customers in different social segments through convenient product offerings coupled with additional benefits. At CLC Islamic Finance, we are committed to maintain the highest level of customer service while providing the most suitable solutions to our customers.”
(Musawamah) and Working Capital Finance (Wakala Finance). Wadi’ah is the latest addition to the product portfolio.
Commenced in 2015, the Islamic Business Division (IBD) of CLC operates as an Islamic Finance Window under the regulatory license of Commercial Leasing & Finance PLC. It is a dedicated business unit set up in order to implement Shari’ah Compliance Finance solutions.
The banking solutions offered by CLC Islamic Finance are approved and audited by a three member Shari’ah Supervisory Board.
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”
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