This section addresses common concerns raised by businesses, legal teams, and finance professionals looking for clarity on complex issues. If you’re seeking practical answers or a better understanding of key concepts, you’ll find helpful insights here.
Is there an Islamic banking framework in the Philippines?
Yes. Islamic Banking Law of 2019 (R.A. No. 11439).
Does the tax neutrality principle apply?
Yes. The tax neutrality principle is recognized in RA 11439 as well as in implementing issuances of the Bureau of Internal Revenue.
What common Islamic financing products are recognized?
Murabaha, Tawarruq, Tawarruq, Mudarabah, Sukuk, Wakalah, Istisna, and Musharaka
