KABUL (Afghanistan): A delegation led by the President of Da Afghanistan Bank (DAB) attended the 22nd Annual Meeting of the Islamic Financial Services Board (IFSB) of Djibouti.
The IFSB is an international institution that adopts and disseminates standards to improve the reliability and stability of the Islamic financial services industry.
Da Afghanistan Bank, central banks of Islamic countries, Islamic banks and international institutions are members of the IFSB.
The annual board meeting was held on July 1 and 2, the DAB said in a statement.
The two-day meeting was attended by an Afghan delegation led by acting head of DAB Hidayatullah Badri and heads of central banks of 26 Islamic countries.
The performance and reports of the board of directors for the previous year were approved by the member countries.
Islamic banking standards based on Islamic Shariah, better governance of Islamic firms and banks, impact of digitalization on Islamic banking and raising Islamic banking to a global level were also discussed, plans and measures for the coming year, the statement explained.
Badri met the IFSB chairman on frozen assets of DAB, Islamization of Afghan banking sector, education programs and some other issues on the sidelines of the meeting.
kk/ma
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