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The Bangko Sentral ng Pilipinas (BSP) has emphasized that the Shari’ah Supervisory Board (SSB), the members of which recently convened for the first time, would strengthen Shari’ah oversight on Islamic banking. “The SSB is a convergence of expertise in Islamic jurisprudence and contemporary finance,” BSP Governor Eli M. Remolona Jr.…
Philippines opens investment opportunities for Islamic banking.
THE Bangko Sentral ng Pilipinas (BSP) is at the forefront of fostering awareness about Islamic banking and finance in the entire country. Since the 2018 enactment of Republic Act (RA) 11439, otherwise known as the Islamic Banking Act of the Philippines, the BSP has been actively promoting a sustainable Islamic finance ecosystem throughout the archipelago.
Philippines eyeing Gulf region for new players in Islamic banking sector
THE Bangko Sentral ng Pilipinas (BSP) is making headway in its efforts to promote initiatives to develop Islamic banking and finance in the Philippines. The BSP Assistant Governor Atty. Arifa A. Ala, lead advocate on Islamic banking and finance and the Chairperson of the Islamic Finance Coordination Forum, recently led…