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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Al Amanah Bank faces more obstacles

Posted on 17 April 2012

Al Amanah Islamic Investment Bank of the Philippines, the country’s only Islamic-oriented financial institution, is facing several challenges in its bid to grow as a financial institution.
Among these obstacles include the lack of legal and regulatory framework; oversight of Shariah; technical capacity and pool of practitioners; Shariah-complementary product/service demand in the Philippines; correct perception of Islamic finance; coordination for a globally-accepted legal and regulatory standards………………………………………..Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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