News Formal

Fitch cites growth potential of PH Islamic finance

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

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

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.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 20. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

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.
Bron: BusinessMirror - 🏆 19. / 59 Lees verder »