Since 1974, Makati-based Al Amanah Islamic Investment Bank has been the only lender in the country offering financial products that obey religious principles such as a ban on interest and gambling.

The state-owned Development Bank of the Philippines (DBP) has taken over Al-Amanah Islamic Investment Bank following final approval from monetary authorities last week. After complying with ...

Al-Amanah Islamic Bank will be publicly bid out on May 21, with the floor price set at P900 million for 90 percent of the country’s only Islamic bank.

THE government is preparing to divest itself of the Al Amanah Islamic Investment Bank of the Philippines, a subsidiary of the state-owned Development Bank of the Philippines, possibly bringing in ...