Try GOLD - Free
Islamic finance gets P3-B floor
Manila Bulletin
|October 23, 2025
The Bangko Sentral ng Pilipinas (BSP) is raising stakes for Islamic finance, requiring full-fledged Islamic banks to hold a minimum capital of P3 billion—matching universal banks—while allowing conventional banks to open an Islamic banking unit (IBU), provided they satisfy existing capital standards.
-
Based on the latest Circular published by the BSP, “the minimum capitalization requirements for a UB shall apply to a full-fledged IB [Islamic bank].”
Under the 2022 Manual of Regulations for Banks (MORB), universal banks with only a head office must maintain at least P3 billion in capital. Banks with up to 10 branches need P6 billion, P15 billion for banks with up to 100 branches, while those with over 100 branches must have P20 billion.
This story is from the October 23, 2025 edition of Manila Bulletin.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Manila Bulletin
Manila Bulletin
Longevity and good health
The past two weeks have seen two persons close to me depart this earth.
3 mins
December 16, 2025
Manila Bulletin
Man torches self after stabbing teenage nephew to death
A 34-year-old man set himself on fire after stabbing his 14-year-old nephew to death in Barangay 2, San Carlos City, Negros Occidental on Sunday, Dec. 14.
1 min
December 16, 2025
Manila Bulletin
Invest more on locally-made weapons, gov’t urged
The Philippine government should invest more on developing locally-manufactured weapon and defense systems to improve its territorial defense capability, a leader of a civic-oriented group said following the turnover of the Controller-Operated Battle Ready Armament (COBRA) which was developed by the Department of Science and Technology.
1 mins
December 16, 2025
Manila Bulletin
Iloilo City solon lauds DSWD for filing cases over AICS deduction
Iloilo City Rep. Julienne “Jam-Jam” Baronda cited the Department of Social Welfare and Development (DSWD) for filing administrative complaints against barangay officials for deducting money received by Assistance to Individuals in Crisis Situation (AICS) beneficiaries.
1 min
December 16, 2025
Manila Bulletin
AFAM hosts festive Christmas gathering
The Association of Foreign Actors and Models (AFAM) ushered in the holiday season with a lively Christmas Gathering held on Dec. 4, 2025, at the REHub Events Place.
1 mins
December 16, 2025
Manila Bulletin
Gilas survives giant scare
Robert Bolick saved Gilas Pilipinas some blushes and buried two clutch three-pointers in the final frame to shake off a pesky Vietnam team, 78-67, and claim an outright semifinals spot in the 33rd Southeast Asian Games at the Nimibutr Arena on Monday, Dec. 15 here.
1 min
December 16, 2025
Manila Bulletin
Airman in love triangle shot in Zamboanga City
A police officer allegedly shot an intelligence operative of the Philippine Air Force involved in a love triangle here on Sunday, Dec. 14.
1 min
December 16, 2025
Manila Bulletin
Abadiano finds extra motivation
Always ready to answer the call since his rookie year, Gerry Abadiano has embraced all kinds of roles handed to him by the University of the Philippines.
1 min
December 16, 2025
Manila Bulletin
Dasma completes sweep
Dasmariñas Monarchs clobbered Biñan Tatak Arellano U Lady Chiefs in Game 2, 25-17, 25-18, 25-21, and completed a perfect campaign in the 2025 Maharlika Pilipinas Volleyball Association (MPVA) over the weekend at the Dasmariñas Arena in Cavite.
1 min
December 16, 2025
Manila Bulletin
Why only choose one career if we can do more?
How to find your path when you love too many things
2 mins
December 16, 2025
Listen
Translate
Change font size