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Afghanistan opening first Shariah-based banks

Posted on 20 August 2010

From Bloomberg: Afghanistan plans to issue licenses for three Islamic banks, the first to offer a range of services that comply with religious law in a country where 99 percent of the population is Muslim.
Afghan United Bank, Ghazanfar Bank and Maiwand Bank are seeking permission to provide products that meet Shariah principles, said Aimal Hashoor, a central bank spokesman in Kabul……………………………………….Full Article: Source

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