Growing your business is not at all difficult if you are aided by financial services, which are mostly created to do just that – help enterprising individuals obtain the money they need for their ventures. For many of our Muslim brothers and sisters, seeking financial aid through Al-Amanah Islamic Investment Bank Business Loan may not that easy because the principle of Islamic banking is quite different. Good thing, there is Loansolutions to offer various other options so they are not deprived of the opportunity to succeed.
THE CHALLENGES OF ISLAMIC FINANCING
The Bangko Sentral ng Pilipinas (BSP) is seeking assistance from a law in the pipeline that seeks to push improved financial services for the Muslim population. Al-Amanah Islamic Investment Bank (AAIIB), the first and so far the only Islamic bank in the Philippines, is offering a wide range of financial services directed to augment their current needs. It started in 1973 as Philippine Amanah Bank and made its presence felt in Tawi-Tawi, Cotabato, Basilan, and other Muslim provinces. The bank was re-chartered and re-capitalized, widening its scope both in area and services and was subsequently renamed as Al-Amanah Islamic Investment Bank, now a subsidiary of government-owned Development Bank of the Philippines (DBP). However, due to legal constraints, it is yet to fulfill a growing demand, especially among small and medium enterprise owners.
An Islamic bank follows the Shariah law, which is strict about lenders profiteering from loans. That is why, AAIIB’s principle is to make them a partner in your business when taking out a loan to finance it. This is called risk-sharing.
Until certain principles and laws to further the scope of Islamic banking in financing are cemented, residents of Southern Philippines would have to rely on the services of Loansolutions, a premier credit partner that will help end their woes about expanding your business and finding the money to support it.
HOW CAN WE HELP?
Loansolutions PH was built around an idea to help Filipinos in need of financial assistance for personal and business use. We keep a close partnership with a network of companies that have the capabilities to offer loan support to anyone who needs it. We maintain a nice post, bridging the gap between borrowers and lenders so they can meet halfway, providing the needs of both satisfactorily. Aside from loan matching, we also impose qualification requirements that are easy to meet for most borrowers. As long as you are of legal age and have a minimum monthly salary of PhP15,000.00, you can try applying for a loan with our help.
Most borrowers are not aware of the wide array of loan products available to match their current financial needs. By checking out Loansolutions.ph and submitting an application form, we can automatically assess your eligibility for several loan alternatives from which you can take your choice. Whether you are thinking about starting up a new venture or expanding an existing one, we are the best company to ask for help. Through our connections, we can significantly back up your every move with significant financial support to ensure your success.