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Agricultural Development Fund offers Islamic financial products of Mudarabah and Musharakah
Officials of the ministry reported that last year, more than 1.3 billion afghanis was distributed to farmers and livestock owners from the Agricultural Development Fund, and this year, more than 2 billion afghanis is expected to be used from this fund to finance and help farmers and livestock owners.
The Agricultural Development Fund (ADF) of the Ministry of Agriculture, Irrigation and Livestock on Sunday introduced two new Islamic financial products, namely Mudarabah and Musharakah, with an aim to develop the agriculture and livestock sector.
Officials of the ministry said that farmers, livestock owners and businessmen can invest in the agriculture and farming sectors using the new products.
“Mudarabah is a valid and permissible contract according to Sharia, such that one party owns the capital and the other party works with that capital, and they share the profit, but if there is a loss, it will affect the investor on the condition that the loss is reasonable and is not due to negligence and lack of information about Mudarabah,” said Abdul Ghafoor Ghafari, the head of ADF.
Officials of the ministry reported that last year, more than 1.3 billion afghanis was distributed to farmers and livestock owners from the Agricultural Development Fund, and this year, more than 2 billion afghanis is expected to be used from this fund to finance and help farmers and livestock owners.
Meanwhile, Deputy Minister of Agriculture, Irrigation and Livestock Sadri Azam Osmani highlighted efforts to standardize the agriculture and livestock sector in Afghanistan, and called on the private sector and international organizations to cooperate with the Ministry of Agriculture in this regard.
An estimated 80 percent of the Afghan population work in the fields of agriculture and farming.
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Pakistan summons Afghan diplomat over deadly attack in North Waziristan
Pakistan on Friday summoned Afghan Deputy Head of Mission in Islamabad to convey “strong demarche” over a deadly attack on a military camp in North Waziristan District that killed four Pakistani soldiers.
In a statement, Pakistan’s Ministry of Foreign Affairs said the attack was carried out by a faction of Tehreek-i-Taliban Pakistan (TTP).
The statement said that Pakistan conveyed “grave concern over the continued support and facilitation” provided by the Islamic Emirate to TTP.
Pakistan has demanded “a full investigation and decisive action against the perpetrators and facilitators of the terrorist attacks launched against Pakistan from Afghan soil.”
It urged the Islamic Emirate “to take immediate, concrete and verifiable measures against all terror groups operating from its territory, including their leadership, and deny the continued use of Afghan soil for terrorism against Pakistan.
According to the statement, the Islamic Emirate has been “categorically informed that Pakistan reserves the right to defend its sovereignty and protect its citizens, and will take all necessary measures to respond to terrorism originating from Afghan soil.”
Pakistani officials have repeatedly claimed that attacks in the country are originated from Afghan soil, a charge the Islamic Emirate denies.
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Uzbek president stresses Afghanistan’s role in regional economic projects
President of Uzbekistan Shavkat Mirziyoyev has underscored Afghanistan’s continued importance in regional cooperation, saying the country remains one of the key areas of interaction among regional partners.
Addressing the first summit of the “Central Asia Plus Japan” dialogue, Mirziyoyev said participating countries share a common aspiration to see Afghanistan become peaceful, stable, and oriented toward meaningful development.
The Uzbek president praised Japan’s longstanding and consistent support for Afghanistan, noting that Tokyo has for many years been among the leading donors and partners assisting the Afghan people.
He expressed confidence that coordinated efforts and joint contributions by regional countries and Japan would help improve living standards in Afghanistan, advance socio-economic and infrastructure development, and facilitate the country’s active involvement in regional economic projects.
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Japan allocates nearly $20 million in humanitarian aid for Afghanistan
The Embassy of Japan in Afghanistan announced on Friday that the country has allocated $19.5 million in humanitarian assistance to Afghanistan.
In a statement, the Japanese Embassy said it hopes the aid will help bring positive change to the lives of vulnerable Afghans.
According to the statement, the assistance will cover the basic humanitarian needs of vulnerable communities in Afghanistan.
The embassy added that the aid will be delivered through United Nations agencies, international organizations, and Japanese non-governmental organizations operating in Afghanistan.
Japan’s total assistance to Afghanistan since August 2021 has reached more than $549 million.
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