Al-Amanah Islamic Investment Bank of the Philippines
Wikipedia on Answers.com:
Top
Al-Amanah Islamic Investment Bank of the Philippines
 |
|
| Type | Subsidiary |
|---|---|
| Industry | Finance and Insurance |
| Founded | Manila, Philippines (1973) |
| Headquarters | Zamboanga City, Philippines |
| Key people | Armando O. Samia, Chairman and CEO |
| Products | Financial Services |
| Employees | unknown |
| Parent | Development Bank of the Philippines |
| Website | www.al-amanahbank.com.ph |
The Al-Amanah Islamic Investment Bank of the Philippines (abbreviated AAIIBP) or Al-Amanah Islamic Bank is the first and only Islamic bank in the Philippines.
|
Contents
|
History
Al-Amanah Islamic Bank traces its roots to the Philippine Amanah Bank, established by President Ferdinand Marcos in 1973 by virtue of Presidential Decree No. 264,[1] with an initial capital of 100 million pesos. Its charter originally allowed it to open in the provinces of Basilan, Cotabato, Lanao del Norte, Lanao del Sur, Palawan, Sulu, Tawi-Tawi, Zamboanga del Norte and Zamboanga del Sur, where there are large, if not predominant, Muslim populations. Its charter was amended in 1974, allowing it to open branches in Maguindanao and Sultan Kudarat.
In 1989, the bank was re-chartered and re-capitalized pursuant to Republic Act No. 6848, and was subsequently renamed the Al-Amanah Islamic Investment Bank of the Philippines, with a capital of one billion pesos.
The bank was sold to another government-owned bank, the Development Bank of the Philippines, in 2008.[1]
Ownership
References
- ^ a b dela Peña, Gerard S. (2008-04-07). "Central bank OKs Al Amanah sale". Business World. http://www.gmanews.tv/story/87972/Central-bank-OKs-Al-Amanah-sale. Retrieved 2009-03-04.
External links
|
|||||||||||
This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)
Post a question - any question - to the WikiAnswers community:
Copyrights:
Wikipedia on Answers.com
This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article Al-Amanah Islamic Investment Bank of the Philippines.
Read more