The Central Bank of the Philippines hosted its first Iftar at its Manila head office on 27 March 2025, bringing together Islamic banking and finance stakeholders to strengthen cooperation on developing the sector in the Philippines. The gathering included members of the BSP-led Islamic Finance Coordination Forum and the Shari’ah Supervisory Board in the Bangsamoro Region, alongside representatives from the Monetary Board and other agencies. Remarks from BSP officials framed Islamic finance development around financial inclusion and serving diverse needs, and the event highlighted recent milestones including the licensing of additional Islamic banking players, the entry of new takaful operators, and the successful issuance of the country’s USD 1.0 billion maiden sovereign sukuk.
Central Bank of the Philippines 2025-04-16
Central Bank of the Philippines hosts first Iftar to convene Islamic finance stakeholders and spotlight growth milestones
The Central Bank of the Philippines hosted its inaugural Iftar at its Manila head office, fostering collaboration among Islamic banking and finance stakeholders. The event emphasized financial inclusion and highlighted milestones such as new Islamic banking licenses, the entry of takaful operators, and the issuance of the country's USD 1 billion maiden sovereign sukuk.