The Bangko Sentral ng Pilipinas (BSP) is seeing more Islamic financing activities in the Philippines following the signing of Republic Act (RA) 11439 or “An Act Providing for the Regulation and Organization of Islamic Banks.”

In a statement on Friday, the BSP quoted Governor Benjamin Diokno as saying that the new law signed by President Duterte on August 22 “will unlock the full potential of Islamic financing in fostering inclusive economic growth.”

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