| From Muslims.net: The first and and only Islamic bank in the Philippines, the Al-Amanah Islamic Bank, began its operations in 1973 and was recently bought by the Development Bank of the Philippines.
What sets this bank apart from the traditional banks in the country? Similar to any Islamic bank, it religiously abides by the Shariah, zeroing in on its transaction rules. Most people bridge this type of banking to the concepts of prohibited interests (usury) and profit sharing........................................Full Article: Source
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