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Islamic finance under the Bangsamoro Organic Law

Islamic Banking and Finance under the Bangsamoro Organic Law

    Republic Act No. 11054  or the “Bangsamoro Organic Law” established the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) as a subnational political entity with the aim, among others, of granting meaningful fiscal autonomy to the Bangsamoro Government that ensures economic self-sufficiency and genuine development. Article XIII has several sections specifically dedicated… Read More »Islamic Banking and Finance under the Bangsamoro Organic Law

    The Philippine Islamic Banking Act

      Republic Act No. 11439 or the “Islamic Banking Act” is the Philippine law governing the establishment of Islamic Banks (IBs) and Islamic banking units (IBUs). Following the issuance of the Islamic Banking Act, the BSP has issued various circulars to implement the law, including the Shari’ah Governance Framework for IBs and IBUs;… Read More »The Philippine Islamic Banking Act