BSP Conducts Online Briefing on Islamic Banking for PH Embassy Personnel in Doha

DOHA 23 October 2023 – The Bangko Sentral ng Pilipinas (BSP) conducted an online briefing on Islamic banking for personnel of the Embassy of the Republic of the Philippines in the State of Qatar on 10 October 2023.

BSP officials led by Assistant Governor Arifa Ala, who also chairs the Inter-agency Working Group on Islamic Banking and Finance, provided an overview of the state of Islamic banking and finance in the Philippines.

The discussion covered the history of Islamic finance, configurations of the Islamic finance ecosystem, legal and regulatory framework governing Islamic banking, key milestones, BSP’s role in the growth of Islamic banking in the Philippines, and opportunities in the field.

The online briefing marked a significant step in enhancing cooperation in the field of Islamic banking and finance between the Philippines and Qatar. END

For more information, visit dohape.dfa.gov.ph, facebook.com/PHinQatar, or instagram.com/phinqatar.