BSP execs optimistic on future of the Philippines Islamic banking

Stronger inter-agency support for the establishment of Islamic banking in the Philippines makes authorities and Islamic finance professionals see a bright future for the sector in the next few years. 

Lawyer Noel Tianela, Bangko Sentral ng Pilipinas’ (BSP) Supervisory Policy and Research deputy director, said he is not allowed to give specifics on the number of applicants for Islamic bank or branch operations in the country but noted there are one to two possible prospects. 

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