In its latest Unlocking the Potential of Islamic Finance in the Philippines report, ADB said it surveyed 416 Muslims and 34 non-Muslims to assess public understanding, attitudes and preferences regarding Islamic financial services.
Based on the results, 51 percent said they are very interested in Islamic financial services while 27 percent are quite interested. Meanwhile, eight percent are not interested and 14 percent have not heard about Islamic finance.
In terms of demographics, the highest interest in Islamic finance is observed in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) and Metro Manila. This makes the two regions key targets for attracting retail consumers who are interested in Islamic finance.
This story is from the December 03, 2024 edition of The Philippine Star.
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This story is from the December 03, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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