DAB Governor Attends AAOIFI Annual Conference in Bahrain

The governor of Da Afghanistan Bank, Mr. Noor Ahmad Agha, and his accompanying delegation attended the 19th annual Islamic banking and finance conference of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) in Bahrain. This year’s organization conference revolves around “Leveraging Islamic Finance to Build a Sustainable, Efficient, and Resilient Halal Ecosystem for Muslim Economies.”

The two-day conference, held on November 3-4, 2024, was attended by the central banks of Islamic countries and nearly 300 representatives from Islamic commercial banks.

Speaking in the opening session of the two-day conference, Noor Ahmad Agha emphasized the significance of establishing institutions dedicated to better regulating and managing affairs related to Zakat, Waqf, Infaq, and Sadaqah, highlighting the vital role of such institutions in the fair distribution of the wealth in the society.

He also informed the participants about the prohibition of Riba-based banking, the development of Islamic banking, and the stability of the banking system in Afghanistan.

At the end of his speech, the governor of the Central Bank of Afghanistan urged the AAOIFI, Islamic Development Bank, and other related institutions to contribute to capacity building, training programs, better management of Zakat and Waqf, conversion of conventional banks into Islamic, sustainable, efficient, and resilient Halal banking, and establishment of a robust financial and economic system in Afghanistan.