Fitch cites growth potential of PH Islamic finance

  • 📰 MlaStandard
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 55%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Fitch Ratings said the Philippine government initiatives to develop the Islamic finance industry are likely to support the sector’s growth in the medium

to long term.

The government also aims to boost financial inclusion among Filipino Muslims, who form about 6 percent of the population but are largely underbanked. Islamic banking is estimated to have below 1-percent market share in the majority-Catholic country. Investors from the Middle East took up around 30 percent of the issuance, which was part of the country’s broader agenda to develop Islamic finance and diversify its investor base.

To create an enabling environment, the government issued Islamic finance regulations, provided incentives and launched a tax neutrality law to ensure equal tax treatment with conventional banking.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 20. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Sukuk Bonds to Boost Islamic Finance in the PhilippinesFitch Ratings believes the inclusion of Sukuk bonds in the Philippine government's financing plan will positively impact the development of Islamic finance in the country.
La source: BusinessMirror - 🏆 19. / 59 Lire la suite »