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Critical financial analysis of Islamic bank in the Philippines: case study of Amanah Islamic bank

Ibrahim, Hasmiene Diocolano and Omar, Normah and Hamdan, Hamdino (2018) Critical financial analysis of Islamic bank in the Philippines: case study of Amanah Islamic bank. Global Journal Al-Thaqafah, 2018 (Spec.). pp. 145-156. ISSN 2232-0474

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Abstract

The inspiration to delve into the contemporary status of Islamic banking and finance in the Philippines has led this study to analyze the financial condition of Amanah Islamic Bank (AIB) and recommend improvements in its financial performance. This secondary databased study utilizes library research and content analysis, particularly using the capital, asset, management, earnings, and liquidity parameters. AIB is the rebranded version of Al-Amanah Islamic Investment Bank of the Philippines. At present, AIB has nine branches and is the only authorized bank in the Philippines to offer Islamic banking products and services. Presidential Decree No. 542, which was signed in 1974, directed the AIB to implement an Islamic model of banking and financing, particularly following the "no interest principle" and partnership mechanisms. However, this order was not completely implemented because "conventional banking" dominated the AIB's operation. This study contributes to the continuing effort to convert AIB into a full-fledged Islamic bank and simultaneously contend with the emerging growth of the banking industry. © 2018, Kolej University Islam Sultan Azlan Shah.

Item Type: Article (Journal)
Additional Information: 6883/64759
Uncontrolled Keywords: Islamic banking and finance, Amanah Islamic Bank, Philippines, CAMEL
Subjects: H Social Sciences > HG Finance > HG1501 Banking
H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
Kulliyyahs/Centres/Divisions/Institutes: Kulliyyah of Economics and Management Sciences
Kulliyyah of Economics and Management Sciences > Department of Finance
Depositing User: dr hamdino hamdan
Date Deposited: 11 Jul 2018 12:25
Last Modified: 15 Oct 2018 15:42
URI: http://irep.iium.edu.my/id/eprint/64759

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