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Islamic Finance Briefing - Categorized | Banking, Capital Market (Equity, Mutual Funds), Investment more

Al-Amanah to get capital boost

Posted on 21 August 2009

From Bworldonline.com: State-run Development Bank of the Philippines (DBP) is infusing capital into the Al-Amanah Islamic Investment Bank as part of a plan to turn around the country’s lone Islamic bank’s fortunes.

Armando O. Samia, newly installed chairman and chief executive officer of Al-Amanah, said DBP, the country’s sixth largest bank, would infuse P1 billion in Al-Amanah as soon as it obtains central bank approval of its five-year plan for the bank………….Full Article: Source

 
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