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Al-Amanah Islamic Investment Bank of the Philippines (AAIIBP) is the only bank authorized to offer Islamic banking services in the Philippines. It was established in 1974 by Presidential Decree to provide banking and financing services based on Islamic principles to Muslim communities. In 1990, a new charter transformed AAIIBP into a primarily Islamic bank. The bank offers various Islamic deposit accounts, as well as conventional accounts and financing through practices like murabahah and ijara. In 2009, De

Author

Maannavie Marcos

Language

EN