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The Future Of Islamic Banking In The Philippines: Finding A Niche, Kenneth Michael A. De Castro
The Future Of Islamic Banking In The Philippines: Finding A Niche, Kenneth Michael A. De Castro
Center for Business Research and Development
Among the United Nations’ Sustainable Development Goals are economic growth and reducing inequality. Sustainable economic growth can drive progress, create decent jobs for, and improve living standards, whereas reducing inequality ensures that no one is left behind in all aspects of human life. Bridging sustainable economic growth and reduction of social inequality is financial inclusion. As individuals and businesses have access to useful and affordable financial products and services that meet their needs, it helps them manage their current consumption, invest for the future, and mitigate their exposure to various financial and economic risks. In the case of the Philippines, …
Industry Career Guide: Banking And Finance, Tereso S. Tullao Jr, Roberto Raymundo
Industry Career Guide: Banking And Finance, Tereso S. Tullao Jr, Roberto Raymundo
Angelo King Institute for Economic and Business Studies (AKI)
The banking and finance sector performs a critical function in the Philippine economy as it is primarily responsible for the mobilization of domestic savings and the conversion of these funds into directly productive investments. Financing the needs of firms which desire to raise productive capacity by purchasing additional capital equipment, acquiring or leasing idle property, building and expanding factories, and increasing inventory are responsible for sustaining economic growth in the long term, alongside the creation of new jobs. It is very important for the banking and finance sector to continue finding ways to encourage households to save their unspent income …