INSUBCONTINENT EXCLUSIVE:
The governor of Da Afghanistan Bank (DAB), Noor Ahmad Agha, has called on global Islamic financial institutions for assistance across a
number of areas in the country&s banking sector.Addressing a conference in Bahrain, Agha appealed for help in capacity building, training
programs, better management of Zakat and Waqf, and the conversion of conventional banks to Islamic banking systems.Speaking at the 19th
annual Islamic banking and finance conference of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), which
was held in Bahrain on November 3 and 4, Agha also appealed for assistance in attaining a sustainable, efficient, and resilient Halal
banking system and the establishment of a robust financial and economic sector in Afghanistan.The conference was attended by the central
banks of Islamic countries and nearly 300 representatives from Islamic commercial banks.DAB governor emphasized the significance of
establishing institutions dedicated to better regulating and managing affairs related to Zakat, Waqf, Infaq, and Sadaqah, highlighting the
vital role of such institutions in the fair distribution of wealth in society, according to a statement released by DAB on Thursday.He also
raised the issue of Riba-based banking, the development of Islamic banking, and the stability of the banking system in Afghanistan.Riba is
commonly used to refer to excessive charges for borrowing money
Charging interest for loans is deemed riba, or an unjust, exploitative gain, and is forbidden under Islamic law.The post DAB governor calls
on Islamic countries to help streamline Afghan banking system first appeared on Ariana News.
