A peace plan, a lifting of foreign ownership limits and the drafting of new Islamic banking rules in the Philippines could help breathe new life into one of the world’s oldest Islamic finance institutions. Since 1974, Makati-based Al Amanah Islamic Investment Bank has been the only lender in the country offering financial products that obey religious principles such as a ban on interest and gambling.
Comment on Islamic bank struggle in Philippines
The Rakyat Post, Free Republic
Mon, 07/28/2014 - 12:16am
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