Guide on Islamic banking issued by Shari’ah board

Quick Summary:

ISLAMIC banks, financial and non-financial institutions can now request Shari’ah opinions on their products and transactions from the Shari’ah Supervisory Board (SSB) in the Bangsamoro Autonomous Region in Muslim Mindanao (Barmm) following the release of its guidelines.

Instead, Islamic banks offer alternative arrangements to generate income.Pagcor income hits P4.

The SSB was created through a joint circular on April 26, 2022, by its founding agencies, the BSP, Bangsamoro Government, Department of Finance and the National Commission on Muslim Filipinos, as part of their shared mandate under the Bangsamoro Organic Law (Republic Act No.11054).

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: Philippines

Topics: Products Banking Financial Finance Opinions Request Shari’ah Bangsamoro Banks Islamic Institutions

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-04 @ 16:01:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 396 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 28369510

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