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Islamic Finance Briefing - Categorized | Banking, Performance more

DBP to unload 44pct stake in Islamic bank

Posted on 19 April 2011

Philippines’ only Islamic bank has been placed on the auction block in a bid to broaden its ownership and financial expertise.
As part of its five-year rehabilitation program, a 49 percent stake Al Amanah Islamic and Investment Bank of the Philippines (Amanah Islamic Bank) will be offered to interested parties, particularly to existing Islam-oriented financial institutions……………………………………….Full Article: Source

 
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