This collaboration also aims to accelerate the development of Islamic fintech within the Philippines and promote broader regional integration.
The agreement will facilitate technical advisory and global certification pathways to align the local digital finance landscape with international standards.
The two entities also committed to supporting regulators in their efforts to champion a robust and inclusive financial environment nationwide.
This initiative arrives as the central bank continues to advance regulatory frameworks for Shariah-compliant banking and related digital initiatives.
The Securities and Exchange Commission is likewise advocating for relevant capital market regulations to pave the way for broader sector investments.
Lito Villanueva of FinTech Alliance.PH noted on his LinkedIn that several corporate members already actively participate in takaful and other ethical finance models.
Lito Villanueva
“Islamic finance is no longer a niche conversation,” Villanueva said.
“It is becoming an important pillar in shaping the future of inclusive finance not only in the country but across ASEAN and beyond,” he added.
Villanueva explained that the future of finance cannot be built by a single institution alone.
He emphasised that meaningful innovation requires regulators financial institutions and digital innovators working together toward a common vision of empowerment.
Beyond traditional banking the partners see immense potential in Islamic microfinance halal economy financing and sukuk to expand access for underserved communities.
