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An Al-Amanah Islamic Bank branch in San Juan, Metro Manila. 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, it was one of the world's first Islamic banks. [2]
Al-Amanah Islamic Investment Bank of the Philippines (AIIBP) Development Bank of the Philippines (DBP) DBP Data Center, Inc. (DCI) Land Bank of the Philippines (LBP) Land Bank Countryside Development Foundation, Inc. (LCDFI) LBP Resources and Development Corporation (LBRDC) Overseas Filipino Bank (OFB) UCPB Savings Bank (UCPB-SB) [a]
Bank name Assets (millions of PHP) ... Al-Amanah Islamic Investment Bank of the Philippines: 956.80: Thrift banks. 2022 ... Cookie statement; Mobile view; Search.
Al-Amanah Islamic Bank: Financials Banks Zamboanga City: 1973 Islamic bank S A Alaska Milk Corporation: Consumer goods Food products Makati: 1972 Dairy products, part of FrieslandCampina (Netherlands) P A Alliance Global: Conglomerate Various Taguig: 1993 Holding P A Aliw Broadcasting Corporation: Mass media Broadcasting & entertainment Pasig: 1991
Prior to 2019, the only Islamic bank which was allowed to operate is the Al-Amanah Islamic Bank which was founded in 1973. [11] Legislation introduced in 2019 allowed foreign-based and domestic firms to establish full-fledged Islamic banks in the Philippines as well as the setting up of Islamic bank units or subsidiaries under secular banks. [10]
Al-Amanah Islamic Investment Bank of the Philippines, Zamboanga City, Philippines Al-Arafah Islami Bank Limited , Dhaka, Bangladesh Alawwal Bank , Riyadh, Saudi
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As of 2023, it was the eighth-largest bank in the Philippines in terms of assets. [7] [8] DBP is also the second-largest and one of the state-owned and controlled banks along with Land Bank of the Philippines (LBP), Overseas Filipino Bank (OFW Bank), and Al-Amanah Islamic Bank.