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UK advice: Set up Islamic banks in mine-rich Mindanao

Posted on 09 March 2012

The United Kingdom urged the Philippines to set up an Islamic financial system to support the integration of Muslim Filipinos and spur the nation’s economic growth and development of Mindanao, a program which will likely get foreign funding as international mining companies start to make inroads in the region.
Citing Britain’s success in establishing such system in the United Kingdom, Ambassador Stephen Lillie said he sees “great potential” of replicating it in predominantly Catholic Philippines, which has 8 percent Muslim population………………………………………..Full Article: Source

 
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