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2 banks eye Islamic banking units

At least two banks are currently in talks with the Bangko Sentral ng Pilipinas (BSP) to explore putting up either an Islamic bank or Islamic banking unit (IBU) to pursue their previous plans, which were put on hold due to the pandemic. BSP Deputy Governor Chuchi G. Fonacier said the two banks are

BSP approves Islamic banking rules

The Bangko Sentral ng Pilipinas (BSP) has approved the reporting, finance and transaction guidelines for the country’s Islamic banking sector to “provide clarity”. Bangko Sentral ng Pilipinas The new central bank Circular No. 1139, signed by BSP Governor Benjamin E. Diokno on Wednesday, March 2

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