The Securities and Exchange Commission (SEC) is laying the groundwork for sukuk issuances in the Philippines, advancing government efforts to develop the Islamic capital market and widen investment channels for both institutional and retail investors.
Pru Life UK, fresh from securing its Takaful operator license, has partnered with Al Amanah Islamic Investment Bank of the Philippines (AAIIBP) to promote Islamic finance and expand financial inclusion in underserved Filipino communities, particularly in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).