Al-Amanah Islamic Bank

Al-Amanah Islamic Bank, officially known as the Al-Amanah Islamic Investment Bank of the Philippines (AAIIBP), is the first and only Islamic bank in the Philippines. It was originally established in 1973 as the Philippine Amanah Bank by Presidential Decree No. 264, with a mandate to provide financial services to Muslim-majority provinces in Mindanao. In 1989, it was re-chartered and renamed under Republic Act No. 6848, with a capital of ₱1 billion, and began operating fully under Shariah-compliant banking principles.

Headquartered in Zamboanga City, Al-Amanah has expanded its reach over the years, opening branches in areas like Malabon, Metro Manila, and introducing services such as electronic banking, Islamic pawnshop financing, and financial literacy programs for public school students1. The bank plays a vital role in promoting financial inclusion and supporting the economic development of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).

Al-Amanah also administers Waqf and Zakat trust funds, delivering humanitarian and charitable services in accordance with Islamic tenets. Under the leadership of Chairman and CEO Amilbahar P. Amilasan Jr., the bank continues to innovate while maintaining its commitment to ethical, interest-free financial solutions that align with Islamic jurisprudence.