QR codeQR code

central bank:

We change traditional banking to Islamic banking

1 Apr 2023 - 13:05

The head of the central bank says that the change in converting the traditional banking system to the Islamic banking system is one of our work priorities.


​​​​Afghan Voice Agency (AVA) Kabul: Hedayatullah Badri, the new head of the central bank (Da Afghanistan Bank) in a message announced the change in the country's banking system and added: changing the traditional banking system to the Islamic banking system is one of the priorities included in the agenda and initial steps have been taken in the direction of Islamizing the banking system in Afghanistan.

 
The Acting Head of the Central Bank also stated: We will monitor the transformation of the traditional banking system into the Islamic banking system step by step by examining the financial, human and system capacities.
 
In the message of Hedayatullah Badri, it is stated: After the political developments, a limited number of banks were under pressure, we are working with all our strength and monitoring them will be supportive in order to strengthen the banking system and expand the service level and its quality. the river
 
Hedayatullah Badri, who was appointed to this position last week, has said that "initial steps" have been taken in the direction of "Islamizing" Afghanistan's banking.
 
Some experts believe that one of the main differences between Islamic banking and the conventional banking of the world is the principle of halal and haram according to Islamic rules, so it seems that the meaning of Islamic banking is to remove "bank interest" as "interest" and "riba" and add other items. Because it is "Muzaraba" and "Mazhareh" in banking transactions.
 
The plan to transition from traditional banking to Islamic banking and to regulate the activity of exchanges and money service companies is one of the latest actions of Hedayatullah Badri in the field of banking and finance in the Islamic Emirate government.
 
Afghan banks were already providing services under the name of "Islamic banking".


Story Code: 267730

News Link :
https://www.avapress.net/en/news/267730/we-change-traditional-banking-to-islamic

AVA
  https://www.avapress.net