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L-R Front Row: AAIIBP Legal Counsel Head & OIC Operations Head Atty. Imelda Tarhata F. Macarambon, AAIIBP Chairman & CEO Alex P. Bangcola, UCPB CIIF Foundation & UCPB CIIF Finance Corporation President Edgardo C. Amistad, UCPB-CIIF Finance VP-Operations Ma. Theresa B. Tumbali.

L-R Back Row: AAIIBP Investment Head Arleth A. Mendoza, UCPB CIIF Foundation Executive Director Ricardo Y. Lepatan.

The Al Amanah Islamic Investment Bank of the Philippines (AAIIBP) signed recently a memorandum of understanding with the UCPB-CIIF Foundation to send to college and to post-graduate schoolchildren of indigent coconut farmers from six impoverished provinces in Mindanao.

 (Article from Rappler)

 

The Qatar Investment Authority has at least $320 billion worth of excess funds which may be used for energy projects in the Philippines and Southeast Asia.

DAVAO CITY, Philippines – Qatar, through its state-run holding company, is keen on funding energy projects in the Philippines but prefers to do so through an Islamic financial system, a leader of the country’s lone Islamic bank said Tuesday, October 3.

read full article : via rappler


 MOA SIGNING BETWEEN AAIIBP AND MSU SYSTEM

Al-Amanah Islamic Investment Bank of the Philippines (AAIIBP) signed a Memorandum of Agreement (MOA) with the Mindanao State University, for the relocation of Marawi Branch inside MSU – Main Campus, Marawi City on 19 December 2017 at Jade Vine Hotel, Ermita, Manila.

In view of the requirements of BSP Circular No. 928 dated 24 October 2016 on Amendments to the Regulations Governing Fees on Retail Bank Products/Services and Dormant Deposit Accounts, Management has initiated the applicable amendments in our banking fees and service charges.  Relative to this, attached is the Bank's advisory on the Bank's balance requirements, new service charges and maintenance fees for posting at a conspicuous place within the premises of all banking units.

 

Download PDF File:

Revised Implementation of Advisory on Balance Reqs, Service Charges and Maintenance Fees

AAIIBP Pioneers Islamic Micro-Finance for Marawi City Crises

Aiming to support the government in addressing the reconstruction and rehabilitation of Marawi City, AAIIBP pioneers its Islamic Micro-Finance for the affected persons and entities in the war-torn Marawi City. Now catering the AAIIBP’s Islamic Micro-Finance are the Branches of Cagayan de Oro City, Iligan City and the soon to re-open Marawi Branch in MSU Main Campus, Marawi City.