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By submitting the required documents, you acknowledge that you have READ and AGREE to the TERMS AND CONDITIONS of Al-Amanah Islamic Investment Bank of the Philippines. You are giving your consent and allow the Bank to COLLECT, PROCESS and STORE your personal and sensitive information as required by RA 10173 known as the "Data Privacy Act of 2012", its Implementing Rules and Regulations, and other related Issuances.

 

Step #1

 

Email the requirements or documents and send to an Amanah Branch near you:

 

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Step # 2

Request for a Schedule Now!

 

 

 

Current Account under “Wadiah”

      Current Accounts represent deposits which are repayable on demand and without notice of intended withdrawal through issuance of checks. This account is otherwise known as demandor checking account.

     The Bank accepts this type of deposit account from customers who place such deposits for safe-keeping but usually with transaction motives under the principle of Wadiah (SafeCustody).The Bank undertakes to return the deposit intact as when the customers demand. In return, it obtains the customer’s permission to make use of the funds at its own discretion without having to share the profit with them.

 

Savings Account under “Wadiah”

     Savings Accounts represent deposits which are evidenced by a passbook and can be withdrawn upon presentation of a properly accomplished withdrawal slip together with the corresponding passbook.

      The Bank accepts this type of deposit account from clients who place such deposits for safe-keeping but usually with contingency and accumulation motives under the principle of Wadiah (Safe-Custody). In return for the guarantee to pay the amounts upon receiving notice of withdrawal, the Bank obtains the permission of the customers to use/invest the funds. However, the Bank reserves the right to reward the customers for the use/investment of the funds based on balances, in one way or another, at the Bank’s discretion.

 

Pilgrimage Savings Plan (PSP)

     PSP is a type of savings deposit account under the “Wadiah Yad Dhamanah” (guaranteed safe-custody) principle available to customers to build up their savings to finance future Muslim pilgrimages (Umrah or Hajj). 

     The Bank has the discretion to give “hibah” (gift), net of donor’s tax, which may be in cash or in kind, to PSP depositors depending on the profitability of the Bank’s transactions and after proper approval of the Board of Directors. Cash hibah shall be credited to the customer’s account.

Al-Ijarah Muntahia Bittamleek or Lease-to-Own ending in Ownership

It is a form of financing where the Bank acquires a property called the Ijarah Asset, to be leased to client at a pre-determined lease payments and lease period. The lessee promises to the lessor (the Bank) to purchase the Ijarah Asset at the end of the lease term.

Purpose: For acquisition of all types of machinery and equipment used for business; acquisition of commercial/industrial lots with or without buildings/ improvements thereon for business use.

Amount:   100% of Total Cost of Ijarah Asset

 

It is a form of financing where the Bank purchases the goods for the customer.  The customer pays the prices of the goods at cost which shall be properly disclosed by the Bank, plus the agreed profit.  Payment by the customer may be at spot or at a future date agreed by the parties, ether in lump sum or installment.  The tenor is usually short-term. 

Purpose: For Working Capital; for acquisition of fixed assets or machineries & equipment for business use.

Tenor : Cash flow based, but not longer than the economic life of the financed asset.

 

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.