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Two foreign players have expressed their intent to apply for an Islamic Banking Window license in the country to complement the three existing players in the sector, a top official of the Bangko Sentral ng Pilipinas said Tuesday.According to BSP assistant governor Arifa Ala, the two foreign players have already engaged and held meetings with the central bank, but have yet to formally process their applications.
Sought for more details, Ala said one of the potential investors already has some operations in the country, while the other will mark its entry into the Philippines.At present, there are three Islamic banking players in the country — Maybank Philippines, CARD Bank Inc., and Al Amanah Islamic Investment Bank.
Banking Islamic Banking Window
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