Officials of the Al-Amanah Islamic Investment Bank of the Philippines headed by Enrique Bautista, chairman and CEO, and lawyer. Nabil Tan, director, and AVP Jose Villano, head of the Branch Banking Services Department poses with Sulu provincial executive led by Administrator Erwin Tan. The local branch is headed by Rehamna Espinosa. (Al Salinas)
SULU, Philippines (Mindanao Examiner / Jan. 25, 2011) – The Philippines’ sole Islamic bank has opened a branch in the Muslim province of Sulu in the region of Mindanao, officials said Tuesday.
Officials said the opening recently of Al-Amanah Islamic Investment Bank of the Philippines, a subsidiary of the Development Bank of the Philippines, is expected to lure locals to open an account and save money instead of keeping them in their houses.
“We welcome the opening of the Al-Amanah Islamic Investment Bank in Sulu and we encourage everyone to open an account and save money for their future. The coming of Al-Amanah Islamic Investment Bank to the province is a reflection of the continuing peace and progress in our beautiful province of Sulu,” said Dr Sakur Tan, the provincial governor.
It was formed as the Philippine Al-Amanah Bank in 1973. It was reestablished as Al-Amanah Islamic Investment Bank in 2000 to promote and accelerate socio and economic development of the Autonomous Regions of Muslim Mindanao.
It is the first and only Islamic bank in the country whose mandate is to serve the banking needs of the Muslim community. Its head office is located in Zamboanga City and maintains an executive office in Makati City and nine other branches located in the cities of Makati, Cagayan de Oro, Cotabato, Davao, General Santos, Iligan, Marawi and Zamboanga. (Mindanao Examiner)
Officials said the opening recently of Al-Amanah Islamic Investment Bank of the Philippines, a subsidiary of the Development Bank of the Philippines, is expected to lure locals to open an account and save money instead of keeping them in their houses.
“We welcome the opening of the Al-Amanah Islamic Investment Bank in Sulu and we encourage everyone to open an account and save money for their future. The coming of Al-Amanah Islamic Investment Bank to the province is a reflection of the continuing peace and progress in our beautiful province of Sulu,” said Dr Sakur Tan, the provincial governor.
It was formed as the Philippine Al-Amanah Bank in 1973. It was reestablished as Al-Amanah Islamic Investment Bank in 2000 to promote and accelerate socio and economic development of the Autonomous Regions of Muslim Mindanao.
It is the first and only Islamic bank in the country whose mandate is to serve the banking needs of the Muslim community. Its head office is located in Zamboanga City and maintains an executive office in Makati City and nine other branches located in the cities of Makati, Cagayan de Oro, Cotabato, Davao, General Santos, Iligan, Marawi and Zamboanga. (Mindanao Examiner)
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