THE Bangko Sentral ng Pilipinas said Wednesday it is seeing a growing interest in Islamic banking, with at least two institutions planning to set up operations in the country.
“They have not submitted an application as of today, but we’ve heard information that they may submit it within this month. We’ve been discussing it with them,” she said.“Islamic banking and finance is for all Filipinos, whether Muslims or non-Muslims,” Ala said.Two Islamic banks are already operating in the county including CARD Bank Inc. and Amanah Islamic Bank.
CARD Bank is a microfinance-oriented rural bank established on Sept. 1, 1997 in San Pablo City, Laguna, with 54 branches and 329 micro-banking offices nationwide and serving more than 900,000 clients across the country.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MlaStandard - 🏆 20. / 55 Read more »
Source: MlaStandard - 🏆 20. / 55 Read more »
Heat at ‘danger levels’—PAGASADefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »
Source: MlaStandard - 🏆 20. / 55 Read more »
Source: MlaStandard - 🏆 20. / 55 Read more »
Source: MlaStandard - 🏆 20. / 55 Read more »