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DAB governor calls on Islamic countries to help streamline Afghan banking system
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.
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.
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Afghanistan committed to continued cooperation with UN on humanitarian and development projects: FM Muttaqi
According to the ministry, during the meeting Lemarquis shared his views on improving the delivery and management of humanitarian assistance in Afghanistan.
The Ministry of Foreign Affairs of Afghanistan says Foreign Minister Amir Khan Muttaqi has met with Bruno Lemarquis, Deputy Special Representative of UNAMA and Humanitarian Coordinator, for an introductory meeting.
According to the ministry, during the meeting Lemarquis shared his views on improving the delivery and management of humanitarian assistance in Afghanistan.
The Afghan Foreign Minister emphasized the importance of continuing humanitarian aid while also stressing the need to implement development and infrastructure projects across the country. He reiterated that the Islamic Emirate will continue its necessary cooperation with the United Nations in this regard.
Lemarquis thanked the Foreign Minister for the meeting and pledged to make full efforts in carrying out his responsibilities. He also highlighted the importance of expanding engagement and cooperation in various sectors between the two sides.
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6.1-magnitude earthquake hits Afghanistan, epicenter in Badakhshan
A 6.1-magnitude earthquake struck Afghanistan on Saturday afternoon, according to the United States Geological Survey (USGS).
The quake’s epicenter was reported in Jurm district of Badakhshan province, with a depth of 208.3 kilometers.
So far, there have been no immediate reports of casualties or damage following the tremor.
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Delawar says Afghanistan has achieved security and unity after 47 years
Shahabuddin Delawar, Head of the Commission for Contact with Afghan Personalities, says Afghanistan has achieved security, unified governance, brotherhood, and progress for the first time in 47 years under the administration of the Islamic Emirate of Afghanistan (IEA).
Speaking at a meeting in Kabul on Saturday, Delawar said Afghanistan had lacked a unified system over the past four decades, but added that with the return of the Islamic Emirate, the issue has now been resolved.
Referring to Ashura commemorations held on Friday, he said the occasion was observed peacefully across the country under full security.
Delawar also urged exiled Afghan politicians to return, saying the commission was established to serve Afghans and address the concerns of returning figures. He added that any legal disputes involving returnees would be handled exclusively through the commission.
He further said the Islamic Emirate has expanded treatment centers and intensified anti-narcotics efforts since regaining power, claiming this has led to a significant decline in drug addiction.
Addressing the issue of international legitimacy, Delawar said he understood why the United States has not recognized the Islamic Emirate, arguing that Washington suffered a defeat in Afghanistan that it cannot easily overlook.
“They have suffered a major defeat that they cannot forget; if they recognize us, they will face questions from their own people,” Delawar said.
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