The Al-Amanah Islamic Investment Bank of the Philippines or otherwise simply known as the Islamic Bank came into existence by virtue of Republic Act No. 6848 signed into law by then President Corazon C. Aquino on January 26, 1990. The bank sees itself primarily as an institution providing not only the key financial and banking services to the actively growing Muslim population in the country, but also ensuring the development of vital corporate businesses in the area. For Islamic Banking, in essence, is not only
INTEREST-FREE banking business. It is partnership in the generation of productive profits for real economic growth and national development. In providing a sense of perspective to this renewed government commitment, we charted anew the primary corporate mission of the Bank as embodied in its Charter, that is, "to promote and accelerate me socio-economic development of the Autonomous Region by performing banking, financing and investment operations and to establish and participate in agricultural, commercial and industrial ventures based on the Islamic concept of banking. "
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www.islamicbank.com.ph