Al-Amanah Islamic Investment Bank of The Philippines

Al-Amanah Islamic Investment Bank of The Philippines provides commercial banking products and services in the Philippines. It offers current, savings, and investment deposits; and telegraphic transfers, demand drafts, transfer remittances, Forex requirements, automated interbranch withdrawals and deposits, and letters of credits. The company also provides capital or project financing services, such as trustee and joint-venture project financing, deferred sales and lease financing, and lease purchase financing; and working capital or trade financing services, including working capital financing, working capital LC, and jointly funded LC. Al-Amanah Islamic Investment Bank of The Philippines was formerly known as Philippine Amanah Bank. The company was founded in 1973 and is based in Zamboanga City, the Philippines. As of May 29, 2008, Al-Amanah Islamic Investment Bank of The Philippines operates as a subsidiary of Development Bank of the Philippines.