Business
Global partners strengthen Afghan Islamic finance sector
Since 2024, more than 120 officials from Da Afghanistan Bank, commercial banks, and microfinance institutions have received certifications in areas such as Shari’ah compliance, Islamic accounting, and financial reporting.
The United Nations Development Programme (UNDP), the Islamic Development Bank Institute (IsDBI), and the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) are scaling up efforts to strengthen Afghanistan’s financial sector through Islamic finance training and the adoption of international standards.
The partnership, part of the Global Islamic Finance and Impact Investing Platform (GIFIIP) launched by UNDP and IsDB in 2016, seeks to build resilience in Afghanistan’s fragile economy by positioning Islamic finance as a driver for sustainable development.
Since 2024, more than 120 officials from Da Afghanistan Bank, commercial banks, and microfinance institutions have received certifications in areas such as Shari’ah compliance, Islamic accounting, and financial reporting.
Training has included AAOIFI’s flagship programs—Certified Shari’ah Advisor & Auditor (CSAA), Certified Islamic Professional Accountant (CIPA), and others—alongside workshops on ethics, governance, and technical standards.
“These certifications are equipping Afghanistan’s financial sector with qualified professionals in Shari’ah compliance and financial reporting, ensuring alignment with global best practices,” the partners said in a joint statement.
By broadening institutional capacity and strengthening cross-border cooperation, the initiative aims to create a more inclusive financial system capable of supporting long-term growth.
Afghanistan’s banking sector has been under severe strain since the Islamic Emirate’s takeover in 2021, with international sanctions cutting off most external financing and foreign reserves.
Restrictions on the central bank have left commercial banks struggling with liquidity shortages, limited access to correspondent banking, and reduced public trust.
Within this constrained environment, Islamic finance is seen as a potential pathway to keep the sector functional, attract regional investment, and provide alternative tools for economic recovery.
Business
Afghanistan-Kazakhstan banking ties discussed in Kabul meeting
Business
Afghanistan, Kazakhstan envoys discuss expanding trade and regional connectivity
Ambassador Shakeeb thanked Kazakhstan for its continued support and constructive engagement with Afghanistan, particularly in efforts aimed at peace and economic development.
Afghanistan’s Ambassador to Pakistan, Sardar Ahmad Shakeeb, has met with Kazakhstan’s Ambassador to Pakistan, Yerzhan Kistafin, to explore ways to strengthen bilateral relations and advance regional cooperation.
The two envoys exchanged views on Afghanistan–Kazakhstan ties, regional connectivity, and major infrastructure initiatives, as well as the opportunities and challenges facing regional trade. Discussions also touched on Kazakhstan’s role in promoting regional stability and other matters of mutual interest.
Ambassador Shakeeb thanked Kazakhstan for its continued support and constructive engagement with Afghanistan, particularly in efforts aimed at peace and economic development.
He expressed hope that the proposed $3 billion joint trade agreement, once finalized, would bring tangible benefits to both countries and contribute to broader regional economic integration.
Ambassador Kistafin reaffirmed Kazakhstan’s support for stability and economic growth in Afghanistan, highlighting his country’s involvement in key regional connectivity and trade projects.
He said the current security and stability situation in Afghanistan has increased Kazakhstan’s confidence in expanding regional trade and transit, and praised the efforts of the Islamic Emirate in this regard.
He also stressed the need for coordinated regional efforts to ensure lasting stability, sustainable economic development, and the smooth movement of goods and transit across the region.
Business
Mahirood Customs leads Iran’s exports to Afghanistan
More than 1.5 million tonnes of goods were exported to Afghanistan through the border crossing during this period.
Mahirood Customs in South Khorasan province has become Iran’s main export gateway to Afghanistan, accounting for 36 percent of the country’s total exports to its eastern neighbor, Iranian officials said.
South Khorasan Governor Seyed Mohammadreza Hashemi told local media that Mahirood ranked first among Iran’s 71 active customs points during the first eight months of the current Iranian year.
More than 1.5 million tonnes of goods were exported to Afghanistan through the border crossing during this period.
Official customs figures show that Iran’s total exports to Afghanistan exceeded 4.26 million tonnes in the first eight months of the year, with Mahirood handling the largest share, Hashemi said.
He attributed the strong performance to South Khorasan’s strategic location, improved border infrastructure, effective planning, close cooperation with traders, and coordinated efforts by government agencies.
Hashemi said the expansion of exports via Mahirood Customs is contributing to economic growth, job creation, and stronger economic diplomacy for the province.
He added that continued support for exporters and streamlined customs procedures could further increase South Khorasan’s share of the Afghan market and other target markets in the future.
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