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null BSP to strengthen collaboration for Islamic banking


BSP to strengthen collaboration for Islamic banking

5 May 2022 | Thursday Manila Bulletin

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said they will continue to work with the private sector as well as other government agencies to push for Islamic banking until a “viable” Islamic finance ecosystem is in place alongside the conventional banking sector.

“By now, we may already have visualized the potential and opportunities, as well as the challenges, that this endeavor brings. While the tasks ahead are new and numerous, these are birth pains which I am optimistic of overcoming,” said Diokno during the signing on Wednesday, May 4, of the memorandum of agreement (MOA) on the establishment of the Shari’ah Supervisory Board (SSB) in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).