1 Bank Alfalah Limited
2 Ghazanfar Bank
3 Maiwand bank
4 Afghan United Bank
5 New Kabul Bank
6 Bank e Millie
7 Azizi Bank
8 First Dawood Islamic Bank
Trading
List of Islamic Banks Afghanistan
Published by Gbaf News
Posted on April 12, 2013
1 min read· Last updated: June 11, 2018
Key Takeaways
- Islamic Bank of Afghanistan (IBA) is Afghanistan’s first fully-fledged Islamic bank offering Sharia‑compliant services across many branches.
- Bank‑e‑Millie Afghan provides a variety of Islamic financing products like Murabaha for home, car, and appliances.
- Several major Afghan banks—including Azizi, Ghazanfar, Maiwand, Afghan United, New Kabul, and Bank‑e‑Millie—offer Islamic banking windows under central bank regulation.
- Da Afghanistan Bank oversees Islamic banking through a dedicated Islamic Banking Department ensuring Shariah compliance.
- The Islamic banking sector in Afghanistan is expanding under a growing legal and regulatory framework including Sukuk and Takaful law development.
References
Frequently Asked Questions
Which bank is the first fully‑fledged Islamic bank in Afghanistan?
The Islamic Bank of Afghanistan (IBA), previously Bakhtar Bank, is the first fully‑fledged Islamic bank in the country, licensed in April 2018.
Do conventional banks in Afghanistan offer Islamic banking services?
Yes, several conventional banks such as Azizi Bank, Maiwand Bank, Ghazanfar Bank, Afghan United Bank, New Kabul Bank, and Bank‑e‑Millie offer Shariah‑compliant banking windows.
Who regulates Islamic banking in Afghanistan?
Da Afghanistan Bank regulates and supervises Islamic banking through its Islamic Banking and Financial Services Department and Shariah Supervisory Board.
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