This TA focuses on supporting the Government's and the central bank of Afghanistan's (DAB Da Afghanistan Bank) efforts to expand Islamic finance. As DAB is the primary counterpart, the primary effort will be to support DAB in its work program to improve the Islamic finance regulatory regime. Further, a number of tailored capacity building trainings will be provided to ensure DAB's staff are well grounded in technical, regulatory and commercial principles of Islamic finance. Also, to support the banking sector more broadly, work will begin on developing appropriate Islamic finance products and template contracts which help meet the needs of those in rural areas where financial literacy levels are generally lower, but demand for Islamic finance products is strong versus those in urban areas.
This TA had to be reduced in scope and scale due to significant problems in engaging appropriate consultants who were willing to work in areas which had significant security issues.
Latest Project Documents
|Rural Finance Expansion||Dec 2011|
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