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Afganistan: Crisis and opportunity in Islamic finance

Posted on 30 September 2010

From Zawya.com: Afghanistan seems like a country which is tailor-made for Islamic finance, but it still doesn’t have a single Islamic bank. However, moves are afoot to bring it to the country. Mike Gallagher reports from Kabul on efforts to turn the economy around using Islamic finance.
Afghanistan has rarely been out of the news over the past nine years, as around 40 countries have been endeavouring to turn the country from one of the poorest (with a per capita GDP of around $1000) to something more stable and prosperous. The economy, after years of desperate hardship has been growing at around 10 per cent a year, admittedly from a very low base……………………………………….Full Article: Source

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