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Afghanistan approves first full-fledged Islamic bank

23rd April, 2018 · admin

afghanistanReuters: Afghanistan’s central bank has granted a license to the Islamic Bank of Afghanistan (IBA), the first lender in the country to apply the interest-free principles of Islamic finance in all its operations… The IBA was previously known as Bakhtar Bank and operated under a conventional banking license since it was acquired by Azizi Bank in 2009. Click here to read more (external link).

Posted in Economic News, Muslims and Islam | Tags: Banking, Islamic Bank of Afghanistan (IBA) |
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