Islamic Finance
Islamic Finance
The Janashakthi Alternative Finance Business Unit (AFBU) commenced operations in 2021 as a dedicated business unit of Janashakthi Finance PLC (JFPLC). Licensed by the Central Bank of Sri Lanka to offer Islamic financial services and mobilise deposits, the AFBU provides an exclusive Islamic banking proposition. The unit is committed to delivering innovative and value-driven financial solutions to all communities, guided by strong ethical principles and values. All products and services are fully compliant with Islamic finance principles.
Since its inception, Janashakthi Alternative Finance Business Unit (AFBU) has remained steadfast in upholding the timeless principles of Islamic finance. Central to this commitment is the appointment of an independent Shariah board, ensuring every step we take is guided by integrity and faith. Funds mobilised through our Wakalah Investments are diligently directed only into Shariah-compliant business operations, safeguarding the trust of our clients while reflecting our unwavering dedication to ethical finance.
The Shariah Consultants are well-versed in domestic finance and have proven track records in implementing Islamic finance principles, developing products, and applying advanced structuring techniques within Islamic financial institutions.
Shariah Consultants
- Ash-Sheikh Mohamed Mashood Muhamed Insaf
- Ash-Sheikh Murshid Munsif
The guiding principles of the Janashakthi Alternative Finance Business Unit ensure that integrity, trust, honesty, and transparency are always upheld in dealings with all parties.
Inquiries – jowfer@jfplc.lk
Strength of Janashakthi Alternative Finance Business Unit
| Independent Shariah board | Professionally Trained Marketing Experts |
| Personalised Financial Solutions | Branch Network Across the Country |
| Globally Recognised Accounting Standards | Simplified Processes for Maximum Convenience |
Products & Services
Related FAQs
Islamic finance is a system of financial services and products that adhere to Islamic principles, promoting ethical and socially responsible financial practices.
Islamic finance is guided by principles such as the prohibition of interest, risk-sharing, asset-backed financing, avoidance of uncertainty and speculation, and the avoidance of investments in unethical activities.
Islamic finance operates without interest, encourages risk-sharing, and involves transactions backed by tangible assets, ensuring alignment with Shariah principles.
Ijarah is similar to leasing, where a lessor owns an asset and leases it to a lessee for a specified period. However, Ijarah adheres to Shariah principles, emphasizing fairness and ethical conduct.
Yes, conventional finance companies establish Islamic finance windows or subsidiaries to provide Shariah-compliant financial services alongside their conventional offerings.
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