Invitation to Bid for the Sale of Shares [BID]
INVITATION TO BID
1. The Al-Amanah Islamic Investment Bank of the Philippines (AAIIBP), through its Special Bids and Awards Committee, invites interested bidders to participate in and bid for the sale of Series “C” Shares pursuant to Section 8 of R.A. 6848.
2. Bidding will be conducted through open competitive bidding procedures using a non-discretionary “pass/fail” criterion.
Bidding is open to all interested bidders, whether local or foreign, subject to the conditions for pre-qualification.
3. AAIIBP will hold a Pre-Bid Conference on 04 May 2022, 2:00 PM through video conferencing or webcasting via Google Meet which shall be open to prospective bidders.
4. Electronic copy of the Bidding Documents shall be sent by AAIIBP through electronic mail to Pre-Qualified Bidders. In order for the pre-qualified bidder to be allowed further participation in the bidding process, it shall pay a non-refundable fee (Participation Fee) in the amount of Seventy-Five Thousand Pesos (P75,000.00). Only those that have secured the Bidding Documents and paid the Participation Fee will be allowed to further participate in the bidding process.
5. For foreign bidders, eligibility documents shall be authenticated by the appropriate Philippine foreign service establishment/post or the equivalent office having jurisdiction over the foreign bidder’s affairs in the Philippines. However, for Contracting Parties to the Apostille Convention, the documents shall be authenticated through an apostille by the Competent Authority, except for countries identified by the Department of Foreign Affairs (DFA) that will still require legalization (red ribbon) by the relevant Embassy or Consulate.
6. Bids must be duly received by the SBAC Secretariat through online or electronic submission, on or before 24 May 2022, 12:00 PM. Late bids shall not be accepted.
7. Bid opening shall be on 24 May 2022, 2:00 PM through video conferencing or webcasting, subject to changes. Bids will be opened in the presence of the bidders’ representatives who choose to attend the activity.
8. The AAIIBP reserves the right to reject any and all bids, declare a failure of bidding, or not award the contract at any time prior to contract award, without thereby incurring any liability to the affected bidder or bidders.
For further information, you may download the file below:
or you may refer to:
JOANNA RUTH ANGELA B. DABU
Head, BAC Secretariat
AAIIBP – Metro Manila Executive Office
Greenhills McKinley Arcade, MA-104B,
Ortigas Avenue, San Juan City
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone No.: 632 8819 5249
Mobile No.: 63 998 961 5555
Website: https://amanahbank.gov.ph
Job Opportunities 2022 (02) February
VACANT POSITIONS
Date of Posting: February 11, 2022
BULLETIN OF VACANT POSITIONS IN
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILIPPINES
(In compliance with RA 7041)
AIB, PETRICHOR and PRESCORP ink Partnership Agreement for Waste to Energy Power Plant Project in Cagayan Economic Zone
Front: (L-R) Ms. Vaidyanathan Gayathri , Mr. Alex P. Bangcola, , Mr. Rey Ignes.
Back: (L-R) Representative from the office of the President, Mr. Ashraf Ader, Ms. Arleth Mendoza, Atty. Jomaila Rangiris, Atty. Aimee Macarambon, Mrs. Pontillo, and Mr. Florentino Pontillo.
On December 8, 2020, Mr. Alex P. Bangcola, Chairman and CEO of Amanah Islamic Bank (AIB), Ms. Gayathri Vaidyanathan, CEO of Petrichor Capital SDN BHD, and Mr. Reynaldo Ignes, Chief Finance Officer of Philippine Renewable Energy Solutions Corporation (Prescorp) signed a tripartite Memorandum of Agreement (MOA) at the Manila Hotel for the development of Waste to Energy (WTE) facility which will be piloted in Cagayan Economic Zone Authority.
The WTE project is worth USD 130 Million and will be outsourced through AIB’s General Islamic Investment Account or Sukuk. The AIB acts as conduit for the Prescorp, the project proponent and Petrichor as the investor. Islamic Banking has gained prominence and preference in the international financial market due to its profit and loss sharing mechanism and Shariah compliance.
In consonance to AIB’s mission to support green finance and participate in national socio-economic development, this project will benefit the Local Government Unit (LGU) of Cagayan as it will generate jobs in the area and it will generate income from the sales of energy such as biochar and feedstock derived from processed and converted waste.
As the Philippine economy suffered harshly during the COVID-19 pandemic, this project is timely because the economy is gradually opening and the government has prepared an economic recovery plan for various sectors including the Energy sector.
Amanah Islamic Bank Receives Technical Assistance Grant From Asian Development Bank
To support Amanah Islamic Bank’s (AIB)pledge to become a full Islamic Bank, the Asian Development Bank (ADB) awarded a Technical Assistance (TA)grant for the capacity building of its staff, processes, and procedures.
In its project launch held virtually on August 6, 2021, Mr. Asghar Ali Syed, principal member od ADB’s Islamic Finance Working Group and Head of its Corporate Procurement, announced ADB’s full support in the socio-economic development and acceleration through the creation of Islamic banks and designated Islamic banking units. ADB’s TA aims to expand Islamic financial services in the Philippines under a suitable legal and regulatory environment.
Under the capacity building project, as explained jointly by Mr. Farrukh Raza and Manar Abbas, Founder/Group CEO and Director, respectively, of Islamic Finance Advisory and Assurance Services (IFAAS), AIB needs to develop new financial products that are Sharia compliant, competitive, and attractive to both Muslim and non-Muslim clients of the Bank with the aim of improving their livelihood and growing their businesses.
To this end, IFAAS, under the ADB-TA will deliver the following services to AIB categorized in 4 modules: Product Development, Shariah Governance, Train-the-trainer, and operational Implementation.
This announcement was welcomed by the Department of Finance Secretary, Carlos Dominguez III during his speech at the project launch ( https://drive.google.com/file/d/1IB-7sMh_dPlMXhlebx_0zhmJWveCmO55/view?usp=sharing ) and DBP President and CEO Emmanuel Herbosa. Pres. Herbosa is highly committed in supporting the Amanah Islamic Bank and with the passing of the Islamic Banking Law, he is very confident and looks forward to the Bank keeping its position in the industry.
Chairman and CEO Alex P. Bangcola of Amanah Islamic Bank likewise expressed his appreciation to ADB for the TA grant and his commitment to fully support the staff in the capacity building project.
This Technical Assistance grant is a project made possible by Rowena Thakur, Corporate Communications Officer, AIB.
Media Statement: On the Passing of DBP Director Miguel C. Abaya
It is with immense sadness that we inform you of the passing away of our dear Director and mentor, Ret. Gen. Miguel C. Abaya, on Thursday, 25 March 2021. He is survived by his wife Milagros and three children Gemma, Sheila, and Jomini Manuel. Dir. Abaya was 85years old.
He joined Amanah Islamic Bank on 28 September 2017 and was elected as a member of the Board of Directors. He was Vice Chairman of the Corporate Governance Committee and a Member of the Executive Committee. Prior to joining AIB, he was an active member of the military post. He was the Regional Commander for PC/PNP Region 11 from 1987 to 1989, and Regional Commander for Region 1 from 1989-1991.
A graduate of the Philippine Military Academy (PMA) in 1959, Dir. Abaya took and completed in 1982 his postgraduate studies at the University of the Philippines, Cebu. In 1985, he went to the United States of America to study International Defense Management at the Naval PostGraduate School, Monterey California.
Dir. Abaya will be remembered as a highly respected, humble, and supportive colleague. Serious looking as he may seem, he always had a ready smile when approached. He was accommodating and eager to present his views and opinions that matter. The times he sat in our Board of Directors meetings will be treasured forever.
Our deepest sympathies go out to his family for his sudden departure. Dir. Abaya will be greatly missed by all of us. May his soul rest in eternal peace.
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