Articles

Delivering Islamic Microfinance in BARMM: The Experience of ASA Philippines Foundation
Islamic financing was introduced by the Foundation as part of its microfinance services in Taguig City on July 4, 2014. This pilot area was selected, specifically in Barangay Maharlika due to its high Muslim population. The first program was conceptualized to accommodate Muslim women who deemed interest paid in loans is contrary to their Islamic faith, where twelve (12) clients joined in its first financing release where they received Qard Hassan as Islamic financing contract. Two years later, in late 2016, Islamic financing implementation was rolled out to the Autonomous Region in Muslim Mindanao (now Bangsamoro Autonomous Region in Muslim Mindanao).

Islamic microfinance gaining ground in BARMM but challenges remain
MANILA, Philippines—A subset of Islamic banking in the Philippines that specializes in microfinance lending has widened its footprint in Muslim majority provinces of the country, but can benefit more stakeholders with policy support by national government agencies, according to its proponents.

Islamic Microfinance in BARMM
WATCH: Yesterday’s episode of Communications Secretary Martin Andanar’s weekly show Cabinet Report focused on the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM). One topic touched on the need for financing facilities to help entrepreneurs in the region.

#UsapangPera 265: Giving back to the poor: ASA PH'S strategy
WATCH: #UsapangPera 265: Giving back to the poor: ASA PH'S strategy

COVID 19 Islamic Finance Assistance for Philippine MSMEs
WATCH: Manage "COVID 19 Islamic Finance Assistance for Philippine MSMEs (BSP, SB Corp., Al Amanah Islamic, ASA Philippines Foundation)"

ASA Philippines donates 74 sanitary toilets to Marawi village beneficiaries
MARAWI CITY: The ASA Philippines Foundation, Inc. through its KasilyASAn Program has turned over 74 Sanitary Toilets to constituents of Barangay Cabasaran in Marawi City Saturday, September 29.

The first-ever Shari’ah Compliance Certificate granted in the country has been issued to ASA Philippines Foundation to better serve its Muslim clients, particularly in the Bangsamoro Autonomous Region of Muslim Mindanao (BARMM) and across the Philippines.
The first-ever Shari’ah Compliance Certificate granted in the country has been issued to ASA Philippines Foundation to better serve its Muslim clients, particularly in the Bangsamoro Autonomous Region of Muslim Mindanao (BARMM) and across the Philippines.