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October 01, 2023

Al Amanah Islamic Bank leads Islamic banking in the Philippines

Al Amanah Islamic Bank of the Philippines (AAIIBP) celebrates its 50th anniversary by positioning itself as a pioneer in digital banking and spearheading the Islamic banking sector in the country.

With a focus on “Amanah 2.0,” AAIIBP aims to reimagine services, embrace digital advancements, and provide innovative solutions to enhance customer experience.

AAIIBP has also attracted a strategic investment from Soleil Capitale Groupe GmbH (SCG), paving the way for its involvement in the development of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).

The bank’s commitment to ethical and sustainable Islamic banking principles has solidified its position as a trusted institution.


BSP disqualifies unregistered money service business

The Bangko Sentral ng Pilipinas (BSP) has disqualified Riyben Foreign Exchange for operating an unregistered money service business, part of BSP’s ongoing efforts to curb unauthorized MSBs, following similar actions taken against six other firms earlier this year.

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