Making Islamic finance accessible to the Filipino people.
We offer advisory, training, and arbitration support services to help accelerate the growth of Islamic finance in the Philippines.
Advisory
Advice and guidance on compliance with Shari’ah standards and Philippine laws and regulations
Training
Capacity and knowledge building on Shari’ah standards and Philippine laws and regulations
Arbitration
Support on resolving disputes in line with Shari’ah standards and Philippine laws and regulations
Islamic Finance Advisory
We recognize and understand the stringent requirements of Shari’ah governance and the complexity of Islamic finance transactions. Leveraging on our international network of Islamic finance experts, we aim to assist clients in ensuring Shari’ah compliance from the point of the establishment of an Islamic bank (IB) or Islamic banking unit (IBU) and a Shariah advisory council, to the day-to-day operations and special projects undertaken by IB/IBUs. Our goal is to facilitate the understanding and application of the Shari’ah standards developed by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). At the same time, we will work with a Philippine law firm to ensure that the processes are aligned with the national legal and regulatory framework.
Islamic Finance Training
We are committed to help fill the knowledge gap in Islamic finance in the Philippines through trainings and workshops covering all relevant aspects of Islamic finance from beginner to expert level, by collaborating with prominent Islamic finance experts in the Philippines and all over the world. We are currently building strategic partnerships with international experts and training platforms to ensure quality human resource development in the Philippine Islamic finance landscape. Our goal is to deepen the understanding of the AAOIFI standards so that they are faithfully applied in the Philippine setting. We will also provide training in Islamic finance specifically addressing compliance with the current legal and regulatory framework for Islamic finance in the Philippines.
Islamic Arbitration
We offer support to clients that recognize the value of arbitration as a viable alternative to litigation, particularly in disputes arising out of Islamic finance transactions. We have partnered with the International Islamic Center for Reconciliation and Arbitration (IICRA) to provide institutional support for arbitration proceedings and access to an international pool of Islamic finance arbitrators and experts from which to choose. Working with a Philippine law firm, our arbitration expert services will include guidance and advice through each step of the arbitration process under the auspices of IICRA: timelines, procedural rules and matters, submissions, roles and responsibilities of those involved, and key appointments.
Islamic finance is ethical finance.
It is
Principles of Islamic Finance
EQUITY
Parties must act in good faith in all economic transactions.
PARTICIPATION
Wealth is generated from legitimate trade.
OWNERSHIP
Actual ownership is a condition for a legitimate trade.
Resources
- Guidelines for Reporting Islamic Banking and Finance Transactions/ArrangementsThe Bangko Sentral ng Pilipinas (BSP) has approved Circular No. 1139 on the Guidelines for Reporting Islamic Banking and Finance Transactions/Arrangements. This is a major leap forward for Islamic Finance… Read More »Guidelines for Reporting Islamic Banking and Finance Transactions/Arrangements
- Shari’ah Governance FrameworkThe Bangko Sentral ng Pilipinas (BSP) has approved Circular No. 1070 on the Shari’ah Governance Framework (SG) for Islamic Banks (IBs) or Islamic banking units (IBUs). The SGF was issued following… Read More »Shari’ah Governance Framework
Let’s work together to develop Islamic finance in the Philippines.
Islamic finance has the potential to grow exponentially in the Philippines in the coming years, making it the next hub for Islamic finance. More importantly, Islamic finance has a critical role in improving access to finance and banking. Let us commit to make this happen by working together on setting up the necessary institutional mechanisms, capacity building, and ensuring compliance with Shari’ah standards and the Philippine legal and regulatory framework.
Contact Us
Call us
+62 8 777 3107 | Monday – Friday
salam@nashrahconsultancy.com
Office
Unit 203 Sta. Lucia Bldg., Sta. Lucia St., San Antonio Valley I, Parañaque City, Philippines