Tag page - IBUs

The Bangko Sentral ng Pilipinas (BSP) has proposed requiring Islamic banking units (IBUs) operated by conventional banks to either transition into full-fledged Islamic banks or comply with universal bank capital requirements within five years. Under a newly proposed circular, the central bank has...

The Bangko Sentral ng Pilipinas (BSP) has drafted the guidelines for the liquidity risk management of Islamic banks and Islamic banking units (IBUs) that are specific to these banks’ operations. Primarily, the BSP expects IBUs which are units or part of a conventional bank to have separate...