BSP approves two lenders‘ Islamic banking services

Defining the News

The Bangko Sentral ng Pilipinas approved the application of two lenders to provide Islamic banking services in the Philippines.

“Those two have been licensed, and I think they’ll soon be starting their operations,” Fonacier said. Amanah Islamic Bank, a universal bank that became a subsidiary of Development Bank of the Philippines in 2008, is the first Islamic bank in the country established under Presidential Decree 264.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MlaStandard /  🏆 20. in PH

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.

Air pollution linked to nearly 2,000 child deaths a day—reportDefining the News
Read more »

Filipino investors acquire 2XU brandDefining the News
Read more »

Visa supports women-owned SMEs, youth in ASEAN with financial skillsDefining the News
Read more »

Who is Mr. Supranational Philippines 2016 AR Dela Serna and why is he trending?Defining the News
Read more »

Manila takes 103rd spot in QS Best Student Cities 2025 rankingDefining the News
Read more »

Global call for proposals for “Go Green with Taiwan” campaign launchedDefining the News
Read more »