Al-Amanah Islamic Bank traces its roots to the Philippine Amanah Bank, established by President Ferdinand Marcos in 1973 by virtue of Presidential Decree No. 264. With an initial capital of 100 million pesos, it was one of the world’s first Islamic banks. Its charter originally mandated it to provide financial services to the provinces of […]Visit site
Alex P. Bangcola (Chairman and CEO)
Philippine Development Bank: 99.88%
|Min. financing amount||₱ 0|
|Max.financing amount||₱ 0|
|Min. loan tenure||0 months|
|Max. loan tenure||0 months|
– Current Account under “Wadiah”
– Savings Account under “Wadiah”
– General Investment Account under “Profit Sharing Scheme”
– Pilgrimage Savings Plan (PSP)
– Current Account
– Savings Account
– Time/Special Savings
Credit cards do not have an annual fee for the 1st year, no fees for foreign transactions and give access to exclusive benefits.
Types of credit cards:
There are 3 options of credit cards, Mastercard UNO or DOS – Classic or Platinum
|Full company name||Al Amanah Islamic Bank|
|Address||Makati City, Philippines|
|Phone number||(02) 818-9511 local 3407 Fax: (02) 816-4259|
Al-Amanah Islamic Bank traces its roots to the Philippine Amanah Bank, established by President Ferdinand Marcos in 1973 by virtue of Presidential Decree No. 264. With an initial capital of 100 million pesos, it was one of the world’s first Islamic banks. Its charter originally mandated it to provide financial services to the provinces of Basilan, Cotabato, Lanao del Norte, Lanao del Sur, Palawan, Sulu, Tawi-Tawi, Zamboanga del Norte and Zamboanga del Sur, where there are large, if not predominant, Muslim populations.
In 1974, the bank’s charter was amended by Presidential Decree No. 542, allowing it to open branches in Maguindanao and Sultan Kudarat. The amended charter also mandated that the bank provide banking services according to Islamic principles, which was not explicitly provided for under the original charter.
In 1989, the bank was re-chartered and re-capitalized pursuant to Republic Act No. 6848, and was subsequently renamed the Al-Amanah Islamic Investment Bank of the Philippines, with a capital of one billion pesos. Between 1990 and 2007, the bank was under the supervision of the Bureau of the Treasury.
The bank was sold to another government-owned bank, the Development Bank of the Philippines, in 2008. However, in 2012, DBP announced that it intended to divest itself of the bank, since it does not have the expertise to handle an Islamic financial institution.
one of the best Bank Good working environment Largest Bank i am now attached with this bank for 20 months and it is providing great and nice facilities that no other bank is giving
this bank have experience staff and peoples whom you can talk freely overall this company is the best and good and also AAIIBP customer care is quite good