Philippines to fast-track Islamic finance regulations – media
Philippines’ central bank will fast-track the issuance of regulations and rules for the development of Islamic finance in the country as soon as the Islamic banking law is approved by the president, the Manila Bulletin reported on Wednesday.
The bill has been passed by both houses of Congress.
Manila Bulletin quoted central bank governor Benjamin Diokno as saying the law will put in place a sound legal and regulatory framework for the development of Islamic banks in the country.
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