Business

BSP: Islamic Finance May Be Key to Mindanao Development

Islamic finance may prove to be a boon for the Philippine economy, particularly in Mindanao—a geographically significant part of the country that has unfortunately lagged in terms of development. The Bangko Sentral ng Pilipinas (BSP) has made it clear that it is high time for the country to develop the Islamic banking sector and maximize Muslim Mindanao’s vast resources.

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Source: Philippine Daily Inquirer

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