| Economic instability and legal obstacles have slowed the introduction of modern forms of Islamic finance in Afghanistan. But sharia-compliant loans are beginning to play a role in the farm sector through a U.S.-funded aid programme.
The Afghan government is using Islamic financial contracts to extend credit to farmers in areas where conventional banking has not fully satisfied demand for funds. The Agricultural Development Fund (ADF), set up in 2010 through a $100 million grant from the U.S. Agency for International Development (USAID), offers both conventional credit and Islamic financing...............................................Full Article: Source
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