PEZA sees Islamic banking crucial for financial inclusion
MANILA, PHILIPPINES — The Philippine Economic Zone Authority (PEZA) reiterates its push for financial inclusion.
“Financial and Economic Inclusion are vehicle to countryside and national development,” Aleem Guiapal PEZA OIC Deputy Director General for Finance and Administration said in a LinkedIn post.
Guiapal also thanked the U.S. Embassy in the Philippines for the “recognition to continue with our work on financial inclusion and accessibility.”
The PEZA official went on to share that the recently signed Memorandum of Understanding (MoU) between PEZA and the central bank of the Philippines would promote Islamic banks and entice investment from the Gulf Cooperation Council (GCC) countries and neighboring Asian countries.
GCC countries include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UA.
The Philippine government has been promoting the country as an “investment haven” in the Southeast Asian region.
