Adherence to Shari’ah Principles,

Integrity, Competence and Excellence


Corporate Social Responsibility Statement

Pursuant to its Corporate Social Responsibility, the Bank established a Waqf (donations and endowments from donor community) and Zakat (custodian of obligatory contributions of earning Muslims intended to deliver charitable assistance and also the default and penalty charges on Islamic finances goes thereto), both are separate trust funds administered by the Bank to deliver humanitarian and charitable services in accordance to Islamic tenets and Shari’ah jurisprudence. Humanitarian assistance shall come in the form of financial assistance for livelihood programs that shall address poverty alleviation. Charitable assistance shall directly serve for the benefit of the poorest sector in the society.

The Waqf shall start to operate in this year (2018) as soon as funds start coming in. Aside from its humanitarian and charitable purpose, the Waqf shall also administer donation and endowments earmarked for the purpose of building and rebuilding of mosques, madrasah (schools), hospital or hospital wards for the poor, homes for the homeless children and the aged, scholarships for advance learning beneficial to Muslim communities, and other human welfare facilities.

Likewise, the utilization or disbursement of Zakat shall be strictly Shari’ah compliant. 

Success Stories

In 1973, Presidential Decree No. 264 created the Amanah Islamic Bank with an initial capitalization of 50 Million pesos. Intended to become a development bank, it invested 75% of its total loanable funds on providing, among others, reasonable medium and long-term credit facilities for the people of the Muslim-dominated provinces in Cotabato, South Cotabato, Lanao del Sur, Lanao del Norte, Sulu, Basilan, Zamboanga del Norte, Zamboanga del Sur and Palawan.


In 1974, Presidential Decree No. 542 retuned the direction of the Bank to adopt the "no interest principle" in Islamic banking and partnership principles. However, the lack of recognition and support of Islamic banking in the Country made the Bank less competitive in the predominantly conventional banking in the Country.


In 1990, the Bank became a Universal Bank through enactment of  Republic Act No. 6848, otherwise known as the Charter of Al-Amanah Islamic Investment Bank of the Philippines (AAIIBP), with an authorized capital stock of P1 billion consisting of 10 million common shares. Its mandate is primarily to participate in the socio-economic development of the Autonomous Region of Muslim Mindanao (ARMM) by promoting and utilizing Islamic banking, financing and investment in agricultural, commercial and industrial ventures in the ARMM.


By mid-1990, three (3) of its branches, Cotabato, Marawi and Jolo began accepting and transforming ordinary deposits into Islamic deposits. The other branches have been transacting both conventional and Islamic banking products, services and facilities. From 1990 to 2007, AAIIBP managed its operation with the support of the Bureau of Treasury.


On October 30, 2008, the Development Bank of the Philippines (DBP) obtained ownership of the 99.9% shareholdings by acquiring the shares of the National Government, SSS and GSIS. It was on November 14, 2007 when DBP approved the acquisition of AAIIBP and on July 16, 2008 it took over full control of AIIBP’s operation.


On October 22, 2009, the Monetary Board approved the Bank's 5-year Rehabilitation Plan, which focused on four corporate strategies (4Rs), namely, Recapitalization, Restoration of Financial Viability, Reorganization and Reforms Institutionalization. Under the Rehabilitation Plan, AAIIBP is allowed to continuously do both conventional and Islamic banking.


In November 2009, DBP, marking the partial completion of recapitalization strategy, infused Php1.0 billion capital to AAIIBP.


To be the leading and choice Islamic financial institution providing alternative banking services in response to the emerging global Islamic markets and to promote and accelerate the socio-economic developments of the Islamic communities in the Philippines by 2022.


Al-Amanah Islamic Investment Bank of the Philippines (AAIIBP) is a universal bank authorized to perform and provide Islamic banking, financing and investment services pursuant to R.A. 6848, otherwise known as the Charter of the Al-Amanah Islamic Bank of the Philippines of 1990. In 2008, AAIIBP became a subsidiary of Development Bank of the Philippines, owning 99.9% of its capital stock, which introduced its current logo and tag name. “Amanah Islamic Bank”. 

Deposit Products
- General Investment Account under "Profit Sharing Scheme"
- Bahsit Savings (BSA)
- Current Account
- Savings Account
- Time/Special Savings
Other Services
- ATM Services
- Collection Agreement
- Payroll Service
- Fund Transfer (local and international)
- OFW Remittance
Islamic Financing Products under the following principles
- Car Financing (Ijarah)
- Islamic Microfinance (Murabahah and Ijarah)
- Islamic Salary Loan
- Qard Al-Hassan (under the CSR of the Bank)
As an Islamic investment Bank, the Bank may also engaged in issuance or assist the government in Islamic investment participation by issuance of investment participation certificates, muquaradah or sukuk (Islamic bonds), debentures, collaterals and/or the renewal or refinancing of the same, with the approval of the Monetary Board of the Central Bank of the Philippines, to be used in its financing operations for projects that will promote the economic development primarily of the Autonomous Region.   
 As a Universal Bank, the Bank also offers developmental and car loans to private and public sector and other Islamic investment assistance.
Today, AAIIBP has nine (9) operating banks in the Cities of Cagayan de Oro, Cotabato, Davao, Iligan, General Santos, Marawi, Makati and Zamboanga and one in Jolo, Sulu.

To become a full Islamic Bank and afford Filipinos of the blessings and benefits of Islamic banking, financing and investment.  

  •       To be competitive and significant in the banking industry.
  •       To become a key-player in the global Islamic banking and investment market.
  •       Participate in all phases of development especially in the ARMM and Mindanao.  
  •       To serve as arm of the Government in addressing poverty alleviation especially in Muslim Filipino communities across the country by delivering them the goodwill   and simplistic Islamic banking and financing that are responsive, sensitive and suitable to their way of life.
  •      To equip Muslim Filipinos with Islamic banking and financial education that can help them improve their economic condition and make them a significant economic force of the nation.