MOA SIGNING BETWEEN AAIIBP AND MSU SYSTEM
Al-Amanah Islamic Investment Bank of the Philippines (AAIIBP) signed a Memorandum of Agreement (MOA) with the Mindanao State University, for the relocation of Marawi Branch inside MSU – Main Campus, Marawi City on 19 December 2017 at Jade Vine Hotel, Ermita, Manila.
Dr. Habib Macaayong, the President of the MSU led the signing of the MOA with AAIIBP Representatives Atty. Imelda Tarhata Macarambon, Legal Counsel, Ms. Rowena Cunanan, HRM, Head, and Mr. Nasor Abdullatif, Acting Operations Head.
Also present in the said gathering were Dr. Macabangkit Ati, MSU Executive Vice President; Mr. Usman Aragasi, MSU Bard of Regent Secretary; and Dr. Florencio Recoleto Jr., MSU Vice Chancellor for Academic Affairs; and other officials of the University.
AAIIBP is grateful to MSU for housing the bank inside its campus pending reconstruction and rehabilitation of Marawi City and is hoping to establish a fruitful partnership with MSU on its march for peace, progress and prosperity in the province, especially for the fast recovery of Marawi City.
AIIBP Pioneers Islamic Micro-Finance for Marawi City Crises
Aiming to support the government in addressing the reconstruction and rehabilitation of Marawi City, AIIBP pioneers its Islamic Micro-Finance for the affected persons and entities in the war-torn Marawi City. Now catering the AIIBP’s Islamic Micro-Finance are the Branches of Cagayan de Oro City, Iligan City and the soon to re-open Marawi Branch in MSU Main Campus, Marawi City.
AIIBP’s Islamic Micro-Finance was launched in a full house Mini Theater at Mindanao State University-Iligan Institute of Technology (MSU-IIT) in Iligan City. With open arms, Chancellor Sukarno D. Tanggol of MSU-IIT allowed the use of venue and its facilities free of charge as its support to Government in its commitment to help the victims of war recover from great loss the soonest time possible.
(Article from Rappler)
The Qatar Investment Authority has at least $320 billion worth of excess funds which may be used for energy projects in the Philippines and Southeast Asia.
DAVAO CITY, Philippines – Qatar, through its state-run holding company, is keen on funding energy projects in the Philippines but prefers to do so through an Islamic financial system, a leader of the country’s lone Islamic bank said Tuesday, October 3.
In view of the requirements of BSP Circular No. 928 dated 24 October 2016 on Amendments to the Regulations Governing Fees on Retail Bank Products/Services and Dormant Deposit Accounts, Management has initiated the applicable amendments in our banking fees and service charges. Relative to this, attached is the Bank's advisory on the Bank's balance requirements, new service charges and maintenance fees for posting at a conspicuous place within the premises of all banking units.
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Last 21 June 2017, representatives from the Governance Commission for GOCCs (GCG) visited the AAIIBP Davao Branch to validate the Bank’s 2016 Bank-wide Performance Scorecard.
The GCG, represented by Director Gene Carl L. Tupas and Mr. Jonathan Gabriel M. Mendoza, met with the Davao Branch officers and staff namely, Ms. Camaliah T. Dianalan, Acting Branch Head, Mr. Marvin F. Tortor, Account Officer, and Ms. Leyza Meene L. Rollo, Branch Cashier. They were also joined by Officers from the Management, namely Ms. Rowena B. Cunanan, Head – HRM, Mr. Jam Abu Dharr P. Usman, Acting Head – Operations, and Ms. Aprilie Mae B. Malacay, Head – Compliance.
The AAIIBP Officers presented its achievements and contributions to the attainment of the 2016 targets, particularly on its Total Deposit Liabilities, number of loans approved and releases for the year, the Branch’s share in the Net Financing Revenue.
Mr. Usman highlighted the overall improvement in the Bank’s strategy since the assumption of its new Chairman and CEO Alex P. Bangcola. He cited the Bank’s recent approval of an Islamic facility for Car Financing and the Board-approved plan to purchase Automated Teller Machines (ATM) to address the clamour of the Bank’s clients.
Ms. Cunanan also presented the Bank’s Competency Framework and discussed the competency proficiencies of the employees and officials of the Bank.