Technical report for free download regarding the Agricultural Development Fund (ADF), the first lender to the agricultural sector in Afghanistan in over 25 years, which was initially designed to be a wholesale lender utilizing existing financial instit…
Technical report for free download regarding the Agricultural Development Fund (ADF), the first lender to the agricultural sector in Afghanistan in over 25 years, which was initially designed to be a wholesale lender utilizing existing financial instit…
Sharia-compliant loans are beginning to play a role in Afghanistan’s farm sector through a U.S.-funded aid programme. In 2010, the U.S. Agency for International Development (USAID) set up the Agricultural Development Fund (ADF) which offers both conven…
Mohammad Yahya Maroufi, secretary general of Economic Cooperation Organization (ECO), revealed that his organization has agreed to certify a bank to promote economic cooperation with banks in the Islamic countries.
He added that the plans include to op…
World Council of Credit Unions (WOCCU) revealed that between September and December 2010, 30 Islamic investment and financial cooperatives (IIFCs) in Afghanistan distributed loans worth USD 7.4 million to approximately 8,000 farmers and other small and…
The formation of a single board of trustee including all donors and the establishment was advised to the Boards of Trustees of the Funds (BTF) of the Organisation of Islamic Conference (OIC) in Bosnia and Herzegovina, Sierra Leone, Afghanistan and Nige…
Da Afghanistan Bank stated that it expects a new Islamic banking law to be enacted by September this year. The reason are the thirty years of war and insurgency that have reduced Afghanistan to a strong reliance on foreign aid.
The aim is to minimize t…
IDb will more than double the size of bonds, or Sukuk, issued under an ongoing program to $3.5 billion to help meet financing needs mainly from flood-ravaged Pakistan.
In 2009, the Saudi-based triple-A lender issued an $850 million Sukuk which was the …
Afghanistan seems like a country which is tailor-made for Islamic finance, but it still doesn’t have a single Islamic bank. However, moves are afoot to bring it to the country. Afghanistan has rarely been out of the news over the past nine years, as ar…
Islamabad —Pakistan, Afghanistan and Senegal, among the world’s 50 poorest nations, are turning to Islamic banking to spur economic growth by encouraging people to take out loans and open savings accounts. Outstanding domestic bank lending accounte…
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