PMF Launches "SIDQ" to Enter Sri Lanka's Islamic Finance Market 📈

• Overall Strategy: PMF Finance has officially launched its new Islamic Finance Unit, branded as SIDQ Islamic Finance, marking its debut in the Shariah-compliant financial services sector after 43 years of conventional operations. • Core Offerings & Principles: The unit will provide alternative, values-aligned financial solutions built on transparency, fairness, asset-backed financing, and shared prosperity. It aims to drive financial inclusion by targeting previously underserved market segments, particularly supporting SMEs and entrepreneurship. • Market Demand & Expansion: Driven by strong domestic demand from Sri Lanka's Muslim business community and international stakeholders, PMF plans to leverage its existing 23-branch network. The company has announced immediate plans to expand SIDQ into the Eastern Province to capture untapped alternative financing opportunities. • Strategic Backing: Launched on June 8, 2026, the initiative is supported by collaboration with Malaysia. The Malaysian High Commissioner to Sri Lanka emphasized sharing expertise in regulatory frameworks and financial innovation to enhance Sri Lanka's economic resilience.