Under the leadership of Chairman & CEO Alex P. Bangcola and through the initiative of Chief Operating Officer/Legal Counsel Imelda Tarhata F. Macarambon, the officers and employees of the Almanah Islamic Bank raised funds out of their own salary to extend sadqah (charitable assistance) to students of Mindanao State University who were stranded inside its campus or areas were its Units are situated due to sudden Declaration State of Health Emergency by President Rodrigo Duterte on March 8, 2020, which placed the entire Nation under Enhanced Community Quarantine (ECQ) or Lockdown. Above said officers were top contributors, while all other officers who were receiving RATA, all contributed P500, P150 from employees with SG14-16 without, and P100 from those with SG10-13 positions. The sadqah (donated amount) for food and other basic provision to affected students was handed to MSU Crisis Management Committee on Covid 19 through MSU President Habib W. Macaayong at his Office in MSU Campus, Marawi City, byAIB Branch Head Sittie Haniyah G. Guro and Accountant Nasima T. Abdul Basit on 7 April 2020.
In a series of occasion, Amanah Islamic Bank marked its first ever Charitable Assistance Program by way of Zakat. Spearheaded by the Bank’s Chief Operating Officer, Atty. Imelda Tarhata F. Macarambon, the Bank, with the support of its Board of Directors and the Management Team, successfully delivered and distributed Zakat assistance in various areas in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) such as Tawi-Tawi, Basilan, Cotabato, Marawi, and Jolo from November to December 2019.
Among the beneficial recipients of Zakat are the Provincial / Regional Hospitals of the provinces, Imams, Caretakers of Masjeeds, Charity Homes, and Orphanages.
While giving of Zakat is considered one of the five pillars of Islam which obligates every earning Muslim to share a portion of their earnings to the poor or the eight (8) covered beneficiaries thereof as prescribed by the Holy Qur’an, the Team was overjoyed with the warm welcome, reception, and seeing big smiles on the faces of everyone.
Looking forward to its next Charitable Assistance Program drive!!
EMERGENCY BANKING AND CREDIT POLICY MEMORANDUM
BANGKO SENTRAL NG PILIPINAS (BSP) ISSUED MEMORANDUMS ON COVID-19
|Memorandum No. M-2020-006||Response Plan to Coronavirus Disease 2019 (COVID-l9) Epidemic|
|Memorandum No. M-2020-008||Regulatory Relief for BSFIs Affected by the Corona Virus Disease 2019 (COVID-19)|
|Memorandum No. M-2020-011||Additional Operational Relief for BSFIs Affected by Measures to Manage the Corona Virus Disease 2019 (COVID-19) Situation and its Health and Safety Risk|
|Memorandum No. M-2020-013||Amendments to the Standard Operating Procedures for Philippine Holidays in View of the Corona Virus Disease 2019 (COVID-19) Outbreak|
|Memorandum No. M-2020-017||Implementing Rules and Regulations (IRR) of Section 4(aa) of Republic Act (R.A.) No. 11469, Otherwise Known as the "Bayanihan to Heal As One Act"|