{"id":126648,"date":"2023-12-13T15:12:33","date_gmt":"2023-12-13T15:12:33","guid":{"rendered":"https:\/\/websitedesigns.com.au\/elankanew\/?p=126648"},"modified":"2023-12-13T15:13:10","modified_gmt":"2023-12-13T15:13:10","slug":"orient-finances-alternative-finance-business-unit-wins-international-accolades","status":"publish","type":"post","link":"https:\/\/websitedesigns.com.au\/elankanew\/orient-finances-alternative-finance-business-unit-wins-international-accolades\/","title":{"rendered":"Orient Finance&#8217;s Alternative Finance Business Unit Wins International Accolades"},"content":{"rendered":"<h2 style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>Orient Finance&#8217;s Alternative Finance Business Unit Wins International Accolades<\/strong><\/span><\/h2>\n<p><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-126650 aligncenter\" src=\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2023\/12\/Orient-Finances-Alternative-Finance-Business-01-1-e1702480122599.png\" alt=\"Orient Finance's Alternative Finance Business 01 (1)\" width=\"600\" height=\"465\" \/><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\"><strong><em>12<sup>th<\/sup> December 2023 &#8211; Colombo:<\/em><\/strong> Orient Finance\u2019s Alternative Finance Business Unit (AFBU) recently marked a significant milestone in its journey as a distinguished financial services provider, garnering international recognition as <strong>\u2018South Asia\u2019s Emerging Islamic Finance Entity of the Year\u2019. <\/strong>This notable accolade was bestowed by the esteemed Islamic Finance Forum of South Asia (IFFSA). In conjunction with this honour, the<strong> Director \/ CEO of Orient Finance, K.M.M. Jabir <\/strong>has been honoured as <strong>&#8216;South Asia&#8217;s Islamic Finance Personality of the Year&#8217;<\/strong>, further enhancing the organization\u2019s distinguished status.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">\u00a0\u201cWe are humbled and deeply gratified to receive these recognitions for our efforts to enhance service and accessibility of ethical and Sharia-compliant financial practices for our valued customers\u201d expressed <strong>Director\/CEO, K.M.M. Jabir<\/strong>. \u201cThese acknowledgments further solidify the trust and loyalty of our esteemed customers, motivating us to consistently elevate our standards and set new benchmarks.\u00a0 I extend my heartfelt congratulations to <em>Mr. Ifath Zuhry, Senior Manager of Business Channels and Head of the Alternative Finance Business Unit<\/em>, as well as the entire Orient Finance team for their hard work and dedication.\u201d<\/span><\/p>\n<p><!--more--><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\"><strong>Saminda Ratnayake, Head of Channels <\/strong>shared, &#8220;Despite challenging conditions in 2021, we launched Orient Finance&#8217;s AFBU. This strategic move, implemented during a period when most other financial institutions shied away from new investments, proved immensely fruitful in just two years. Now, we&#8217;re expanding our reach with operational units strategically positioned. Our goal is to make our products accessible, educate clients on our Sharia-compliant offerings, and emphasize our commitment to ethical principles beyond cultural and religious boundaries\u201d<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">Adding to the unit&#8217;s list of accomplishments and future objectives<strong>, Ifath Zuhury, Senior Manager of Business Channels and Head of AFBU<\/strong>, added, \u201cOrient Finance&#8217;s AFBU has made significant strides in expanding into the eastern region, covering Trincomalee, Batticaloa, and Ampara, offering ethical services. We are also set to launch our first Alternative Finance Business Unit in Kandy, in early 2024. Expansion plans further include reaching Panadura, Kalutara, Galle, and Matara through window units.\u201d He further stated, \u201cIn just two years, our team expanded the portfolio to 1.4 Bn, offering services like Ijarah, Wakalah Term Investments, and Murabaha. Looking ahead to Q1 2024, we plan to introduce new products\u2014Diminishing Musharakah and Wadiya&#8217;h Safe Keeping\u2014to diversify and meet evolving customer needs.\u201d<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">Since its establishment, Orient Finance&#8217;s AFBU has demonstrated a strong commitment to Islamic values by setting up an independent Sharia Consultant. This Consultant ensures that funds, especially those from Wakalah Investments, are used in business operations that comply with Sharia principles. With a robust background in domestic finance, the Consultant has a proven track record in implementing Islamic finance principles. The unit&#8217;s core values emphasize integrity, trust, honesty, and transparency in all transactions, supported by product guidance, a segmented financial framework, and stringent security measures. Notably, the independent Consultant also actively communicates the adherence to Sharia principles in business operations to the public.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">The company brings 42 years of stability, strength, reliability and expertise to the financial industry. Progressively, Orient Finance PLC has established itself as a customer-focused financial service provider that prioritizes innovation and offers exceptional products and customer service. Orient Finance is licenced by the Central Bank of Sri Lanka and rated BB+ (stable) by LRA.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 -END-\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\"><strong>Photo Captions: <\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\"><strong><em>Image 1<\/em><\/strong> &#8211; Orient Finance receiving \u201cSouth Asia\u2019s Emerging Islamic Finance Entity of the Year\u201d award.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\"><strong><em>Image 2<\/em><\/strong> &#8211; K.M.M Jabir, Director\/ CEO of Orient Finance receiving \u201c&#8217;South Asia&#8217;s Islamic Finance Personality of the Year\u201d Award.<\/span><\/p>\n<p><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-126651\" src=\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2023\/12\/Orient-Finances-Alternative-Finance-Business-01-2-e1702480249558.png\" alt=\"Orient Finance's Alternative Finance Business 01 (2)\" width=\"600\" height=\"523\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Orient Finance&#8217;s Alternative Finance Business Unit Wins International Accolades 12th December 2023 &#8211; Colombo: Orient Finance\u2019s Alternative Finance Business Unit (AFBU) recently marked a significant milestone in its journey as a distinguished financial services provider, garnering international recognition as \u2018South Asia\u2019s Emerging Islamic Finance Entity of the Year\u2019. This notable accolade was bestowed by the [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":126650,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"aside","meta":{"footnotes":""},"categories":[20],"tags":[54431,58688],"class_list":{"0":"post-126648","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-articles","8":"tag-orient-finance","9":"tag-saminda-ratnayake","10":"post_format-post-format-aside"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Orient Finance&#039;s Alternative Finance Business Unit Wins International Accolades<\/title>\n<meta name=\"description\" content=\"12th December 2023 - Colombo: Orient Finance\u2019s Alternative Finance Business Unit (AFBU) recently marked a significant milestone\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Orient Finance&#039;s Alternative Finance Business Unit Wins International Accolades\" \/>\n<meta property=\"og:description\" content=\"12th December 2023 - 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