Islamic Banking

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Monday, 24 August 2026
8 Aug 2026
10:09AM

INSIDER VIEW | We’ve been thinking about Islamic banking all wrong

When people hear 'Islamic bank', many assume it serves Muslims alone or belongs mainly in Mindanao. That is the first thing we need to change. Islamic finance is open to everyone. It is built on fairness, transparency and shared risk. Financing must be tied to something tangible, such as a business, a home, equipment or infrastructure.
28 Jul 2026
10:14AM

SEC advances Islamic finance with new Sukuk framework

The Securities and Exchange Commission (SEC) is encouraging companies to issue Shari’ah-compliant investment products following the release of a new regulatory framework for Sukuk, a move aimed at broadening the Philippine capital market and attracting more faith-based investors.
22 May 2025
8:54AM

Financial inclusion boost: Islamic bank deposits now covered by PDIC

Philippine Deposit Insurance Corp. (PDIC) has formally extended deposit insurance coverage to Islamic banks (IBs) and Islamic banking units (IBUs) in the country.
4 Sep 2024
2:31PM

Maybank Philippines launches Islamic banking, approved by BSP for Shari’ah-compliant services

Maybank Philippines, Inc. has officially commenced its Islamic banking operations, becoming the first commercial bank in the country to do so, the Bangko Sentral ng Pilipinas said on Wednesday.
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