Wadi’ah Gold Safekeeping Facility from People’s Leasing
People’s Leasing & Finance PLC (PLC) added PLC Wadi’ah Gold Safekeeping Facility for PLC product portfolio by opening up 3 units at Puttalam Al-Safa, Park Street Al-Safa and Kandy Al-Safa Branch Offices.
Wadi’ah Gold Safekeeping Facility of PLC is an alternative to a traditional gold loan and a convenient solution for financially distressed people during their times of need. PLC Wadi’ah Gold Safekeeping Facility offers the customer the benefit of obtaining an interest-free loan for emergency cash requirements.
The PLC Wadi’ah Gold Safekeeping Facility will be initially available at 75 gold loan operating branches island-wide and aims to make the facility available in the remaining 4 Islamic dedicated branches by the end of February 2023 for customers’ convenience.
People’s Leasing & Finance PLC is a leading Non-Bank Financial Institution in Sri Lanka and a subsidiary of People’s Bank, one of the largest State-owned banks in the country. Commencing operations in 1996. People’s Leasing was listed on the Colombo Stock Exchange in 2011. People’s Leasing has grown to become a diversified non-banking financial powerhouse with six subsidiaries in allied areas of specialization, including a venture overseas in Bangladesh.