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”.
The Bank Today
- General Investment Account under "Profit Sharing Scheme"
- Bahsit Savings (BSA)
- Current Account
- Savings Account
- Time/Special Savings
- 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.