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Islamic banking seen to support Marawi rebuilding

THE REHABILITATION of Marawi can be supported by the establishment of Islamic lenders and banking units that have Shariah compliant mechanisms as this can aid small businesses and build infrastructure in the war-torn area, an official of the Bangko Sentral ng Pilipinas (BSP) said.

Islamic banking rules to be OK’d this month

THE central bank is likely to approve this month the rules that will enforce Islamic banking in the Philippines, which is expected to attract more local and foreign banks, Bangko Sentral ng Pilipinas (BSP) Managing Director Arifa Ala said on Friday.

Targeting unbanked Mindanaoans

By Melissa Luz T. Lopez Senior Reporter EFFORTS by the administration of President Rodrigo R. Duterte to make economic growth more inclusive extend to the financial...