The bid to promote Islamic banking and finance in the Philippines got another boost following the signing of a memorandum of agreement (MOA) for the establishment of the Shari’ah Supervisory Board (SSB). The inter-agency Board in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) was formally established last April through the issuance of a joint circular by the Bangko Sentral ng Pilipinas (BSP), the Department of Finance (DOF), the National Commission on Muslim Filipinos (NCMF), and the Bangsamoro government.
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