Inside ASEAN
Philippine App Developers Focus on User Engagement Amid Digital Growth
As the digital economy expands, app developers in the Philippines are prioritizing user retention strategies to enhance engagement and value.
Inside ASEAN IntelligenceOrganisation profile
State-owned companyPhilippines
Al-Amanah Islamic Investment Bank of the Philippines
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Business overview
Company backgroundAl-Amanah Islamic Investment Bank of the Philippines is a government-owned and controlled corporation (GOCC) established by Presidential Decree No. 264 and later transformed into a primarily Islamic bank by Republic Act No. 6848 in 1990.
The bank's mandate is to promote and accelerate the socio-economic development of the Autonomous Region of Muslim Mindanao through Islamic banking, financing, and participation in agricultural, commercial, and industrial ventures. The Development Bank of the Philippines (DBP) acquired full control of Al-Amanah Islamic Investment Bank in 2008, holding 99.9% of its shares, confirming its status as a state-owned entity.
The bank offers both Islamic and conventional banking products and services, including deposit accounts, financing products based on Islamic principles, and online banking across multiple branches in the Philippines.
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