PMF Finance PLC marked a significant milestone in its 43-year journey by officially launching its dedicated Islamic Finance Unit, introducing a range of Shariah-compliant financial solutions aimed at expanding financial inclusion and providing ethical banking alternatives to customers across Sri Lanka.

The inauguration ceremony was held on 8 June 2026 at the Grand Ballroom of The Kingsbury Hotel, Colombo, under the distinguished patronage of His Excellency Badli Hisham Adam, High Commissioner of Malaysia to Sri Lanka and the Maldives. The event brought together senior corporate leaders, financial sector professionals, diplomats and invited guests to celebrate the launch of the new business unit.

Branded as SIDQ Islamic Finance, the initiative offers Shariah-compliant financial products based on principles of transparency, fairness, asset-backed financing and shared prosperity. The new unit is expected to cater to the growing demand for ethical financial solutions among individuals and businesses seeking alternatives aligned with Islamic financial principles.

PMF Finance Chairman Malik Cader highlighted the organisation’s commitment to broadening access to financial services and noted that Islamic finance has gained increasing acceptance in Sri Lanka. He expressed confidence that the new unit would help extend the benefits of ethical finance to a wider segment of the population.

Chief Executive Officer Prof. (Dr.) Dewasiri N. Jayantha described the launch as an important step in PMF Finance’s evolution, reinforcing the company’s focus on innovation, inclusivity and customer-centric financial solutions.

The launch also reflects growing interest in Islamic finance across South Asia, with Malaysia’s successful model often cited as an example of how Shariah-compliant finance can coexist alongside conventional financial systems while supporting economic growth, investment and financial inclusion.