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Tag Archives: Islamic Bank of Afghanistan (IBA)

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Afghanistan’s financial system is about to collapse, lender warns, as the US keeps nearly $10 billion in reserves frozen from the Taliban

28th September, 2021 · admin

Business Insider: Syed Moosa Kaleem Al-Falahi, the chief executive of the Islamic Bank of Afghanistan, told the BBC that Afghanistan’s financial industry was dealing with an “existential crisis” as customers panic after the Taliban took over the country last month, and Western nations and agencies freeze the country’s funds in response. “There’s huge withdrawals happening

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Posted in Economic News | Tags: Islamic Bank of Afghanistan (IBA) |
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Afghanistan approves first full-fledged Islamic bank

23rd April, 2018 · admin

Reuters: 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

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

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