New horizons
Da Afghanistan Bank stated that it expects a new Islamic banking law to be enacted by September this year. The reason are the thirty years of war and insurgency that have reduced Afghanistan to a strong reliance on foreign aid.
The aim is to minimize the the nation's trust on overseas aid and rebuild the country's brittle economy.
The move would also draw billions in deposits from citizens wary of the conventional banking system. An Islamic banking law could brighten up the industry.
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