Afghanistan

Acting Governor of Da Afghanistan Bank (DAB), Hedayatullah Badri, has left for Djibouti to attend the 22nd annual meeting of the Islamic Financial Services Board (IFSB).The annual meeting of the board will be held on July 1 and 2 by the IFSB and Djibouti’s central bank to discuss and approve the previous year’s executions and financial reports of the board, DAB said in a statement.Additionally, the IFSB member countries will discuss plans and practical measures regarding Islamic banking standards, sound management of financial institutions and banks, the role of digitization on Islamic banking, and the promotion of Islamic finance and banking at the international level.The International Financial Services Board (IFSB) is an international institution that adopts and disseminates the standards to improve the soundness and stability of the Islamic financial services industry.The standards are adopted within the framework of Sharia law in the banking, financial markets, and insurance sectors for the institutions operating in the Islamic financial services industry.Da Afghanistan Bank, central banks of Islamic countries, Islamic banks, and international institutions are members of the IFSB.  Related Stories:  Afghanistan’s central bank chief upbeat over stable AFNCentral bank warns against dealing with unlicensed money changersThe post Afghanistan’s central bank chief leaves for Djibouti to attend IFSB meeting first appeared on Ariana News.





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