ADB Wins Award for Building the Capacity of Philippine Stakeholders in Islamic Finance

On 24 February 2023, ADB won the Outstanding Industry Collaboration Award given by the Islamic Banking and Finance Institute Malaysia (IBFIM) in Kuala Lumpur. IBFIM recognized ADB's efforts to stengthen the capacity of Philippine regulators and private sector participants through the Islamic Finance in the Philippines Technical Assistance, supported by the Office of the General Counsel's Law and Policy Reform Program. Thus far, 35 Philippine candidates have successfully attained the Associate Qualification in Islamic Finance, an internationally recognized certification on Shariah principles and ethics and their application to regulatory framework governing the financial landscape.