by Sri Lanka Islamic Banking & Finance Industry Awards

HNB General Takaful, the Islamic insurance division of HNB General Insurance, has been awarded the prestigious ‘Takaful Window/Unit of the Year 2023/24’ award at the Sri Lanka Islamic Banking & Finance Industry Awards (SLIBFI). This accolade, presented by UTO EduConsult, highlights HNB General Takaful's leadership in the Islamic insurance sector and its unwavering commitment to promoting Takaful principles and delivering exceptional service to clients across Sri Lanka. Notably, HNB General Takaful is the only company from the general insurance sector to receive this honour.

As the pioneer window model Islamic insurance provider in Sri Lanka, HNB General Insurance’ takaful division has consistently upheld the principles of Takaful while innovating and expanding its offerings to meet the diverse needs of its clients. This award underscores the division’s ability to balance traditional values with modern financial solutions, providing products that are both Sharia-compliant and competitive in the broader insurance market.

The rigorous selection process for the SLIBFI awards, conducted in partnership with KPMG, involved a thorough assessment of applicants audited financial data. This recognition is a reflection of HNB General Takaful’s financial strength, strategic direction, and commitment to ethical business practices.

The success of HNB General Insurance’ takaful division is also driven by its expansive network and exceptional service delivery. With more than 35 branches across multiple provinces and the division has ensured that its products are accessible to a wide demographic. This extensive reach, coupled with a highly skilled team, has enabled HNB General Takaful to introduce a diverse range of products that cater to the unique needs of its clients.

Sithumina Jayasudara, CEO of HNB General Insurance, remarked, “Winning the ‘Takaful Window/Unit of the Year’ award at the SLIBFI Awards is a significant milestone for us. It reflects our commitment to upholding Takaful principles while delivering unmatched value to our clients. Our products are not only Sharia-compliant but also competitive and relevant in today’s market. This award is a recognition of the hard work and dedication of our team.”

Hifly Huzair, DGM - Corporate and Takaful at HNB General Insurance, added, “We are honoured to receive this award, which underscores our leadership in the Islamic insurance sector. Our goal has always been to provide our clients with products they can trust, knowing they are built on ethical principles. This award is a testament to the trust our clients place in us and our unwavering commitment to them.”

Sampath Wickramarachchi, Chief Business Officer - Corporate & Branch Network of HNB General Insurance said “Our approach has always been to listen to our clients and understand their requirements. This has enabled us to design tailor-made products which are not only Sharia-compliant, but also meet the practical requirements of the clients. We believe that our objective is to be tied up with the success of our clients and this recognition is a validation of that philosophy.”

As HNB General looks to the future, the Takaful division is poised to expand its product offerings and enhance its service delivery, continuing to lead the Islamic insurance sector with a focus on ethical practices, innovation, and client satisfaction.