A delegation led by Mr. Hedayatullah Badri, the Acting Governor of Da Afghanistan Bank (DAB) attended a two-day conference titled “Strategies for the Impending Economic Slowdown and a Post Oil World: Through Economic Diversification and Leveraging Islamic Finance,” was held in Bahrain on November 29 and 30.
The goal of Da Afghanistan Bank (DAB) is to completely Islamize Afghanistan’s banking and financial industry by doing away with interest and unethical business practices through experiences of other Islamic nations and global Islamic organizations, the bank is transforming conventional banks into Islamic banks.
The bank highlights how crucial it is to carry out banking and finance operations in sectors that benefit the populace and advance Sharia objectives. The bank has met with ambassadors, central bank governors from Islamic nations, and representatives of international financial institutions. The bank also held meetings with members of Sharia committees connected to Islamic banks, religious academics, and the boards of directors of Islamic banks. The bank also spoke with Bangladesh’s Ulema on Afghanistan’s financial and economic conditions.