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THE Bangko Sentral ng Pilipinas (BSP) is at the forefront of fostering awareness about Islamic banking and finance in the entire country. Since the 2018 enactment of Republic Act (RA) 11439, otherwise known as the Islamic Banking Act of the Philippines, the BSP has been actively promoting a sustainable Islamic finance ecosystem throughout the archipelago.
KUALA LUMPUR: Instead of being competitive threats, the emergence of other global Islamic financial hubs serves as a complementary factor for the continued growth of Islamic finance in Malaysia, says Principal Islamic Asset Management chief investment officer Mohd Fadzil Mohamed.