News » PH looking at Qatar to accelerate Islamic finance in the country

PH looking at Qatar to accelerate Islamic finance in the country

PH looking at Qatar to accelerate Islamic finance in the country

The Philippines is looking to Qatar and its other partners in the Middle East as it strives to accelerate the growth of Islamic finance in the country, according to the Philippine Economic Zone Authority (PEZA).

This prospect will be explored and discussed during the online forum ‘Shariah Governance Framework and Guidelines on the Establishment of Islamic Banks and Islamic Banking Units in the Philippines’ slated on Thursday, July 23, at 9am. The focus of discussion will be the ‘Guidelines on the Establishment of Islamic Banks and Islamic Banking Units’ (BSP Circular No 1069 series of 2019) and ‘Shariah Governance Framework for Islamic Banks (IB) and Islamic Banking Units (IBU) BSP Circular 1070’.

In its previous forums, PEZA Director General Charito Plaza highlighted the agency’s 10-point program, citing plans to build ‘eco-towns’, ‘eco-cities’, and new metropolitan areas in every region in the Philippines.

Plaza added that they are currently identifying areas to be developed as halal hubs for potential investors from the Middle East.

Read more here.

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.