Pajhwok Services

Photo Service

SMS News Service

Pajhwok combines its expertise and experience in news reporting with a telecom firm and thus reach a wider audience in an 
effective way.

To subscribe: 
English News Update : Send 83 to 824
Dari News Update : Send 84 to 824
Pashto News Update : Send 85 to 824

Election Coverage

Special Mining Page

Media Release Service

Addvertise With Pajhwok

Pajhwok Mobile App

Daily Newsletter

Sending Time (GMT / Kabul time)

Suggest a Story

Pajhwok is interested in your story suggestions. Please tell us your thoughts by clicking here.

Deal inked to promote Islamic banking

Deal inked to promote Islamic banking

Dec 08, 2014 - 19:47

KABUL (Pajhwok): The Afghanistan Chamber of Commerce and Industries (ACCI) on Monday signed an agreement with two companies to promote Islamic banking in the country.

The agreement was inked between ACCI and the Kabul-based Islamic Finance and Advisory Company and Almaly Advisory Group of the United Arab Emirates (UAE).

Khan Jan Alkozai, deputy head of ACCI, said based on the agreement they would conduct seminars, training workshops and dialogues to inform the private sector about the Islamic banking system. Seminars will also be conducted for religious scholars.

According to Alokozai, the banking system in Afghanistan was based on an international regime and was not favorable to some because it involved interest/profit.  Almost 60 percent of Afghan businessmen do not use banking services for this purpose.

“Islamic banking is vital to boosting our economy. Banks in the country should try to promote this system otherwise ACCI will have no choice but to invite banks with Islamic system,” he added.

Mohammad Bolaef of the Almaly Advisory Group said that Islamic banking would help boost the Afghan economy and it was one of the fastest growing systems in the world.