Philippine Bar review · Question

Practice question: Definition and Classification of Banks

Essay Hard

Practice question

Explain how RA 11439 changes an analysis that treats RA 8791’s historic Al-Amanah reference as an exclusive list of all possible Islamic banking operations.

Legal references

  • RA 11439 (2019), Sections 2-4, expanded Islamic banking framework: https://lawphil.net/statutes/repacts/ra2019/ra_11439_2019.html

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