Republic Acts1 min read
Section 35Sec./Art. 35
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A new section entitled Section 89-A is hereby included in the same Act to read as follows:
"Sec. 89-A. Financial Facilities for Islamic Banks. - The Bangko Sentral may, taking into consideration the peculiar characteristics of islamic banking, formulate rules and regulations for the extension of financial facilities to islamic banks: Provided, That such exposures shall be properly secured."
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