Philippine Bar review · Question

Practice question: Definition and Classification of Banks

Multiple Choice Easy

Practice question

Which body exercises regulatory powers and supervision over Islamic banks under RA 11439?
  1. Only a private trade club
  2. Only a foreign bank
  3. Only the local mayor
  4. Only a customer association
  5. The Bangko Sentral ng Pilipinas

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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