AIFC profile

Transcription

1. Afghanistan Islamic Finance Company AISA Registration No : D-40230 Afghanistan Islamic Finance Company Brief Profile It is Afghanistan based fully pledged Islamic Finance and Consulting Company with various finance and consulting services and products. It is a limited liability private company with International and Afghan partners. Its principal office is located in Kabul-Afghanistan. Local partners: Ghalib University, Mashal University, Afghan United Bank, Kawayan Consulting and Businesses Group, Afghanistan Chamber of Commerce and Industries, Afghan Industrial Union International partners:Almaali Islamic Consultancy UAE, Indra Group Spain Europe and Malaysia, Alhuda Center for Islamic Banking and Islamic Economics, Darul Sharia Dubai Islamic Bank Equity Capital Company is newly established with equity of up to 1 million US$. There has been strong commitments of injecting millions of more US$ from one of the International Donors in Afghanistan. Ongoing Projects by AIFC 1- Afghanistan Chamber of Commerce and industries ‘Islamic Banking Public Awareness promotion campaign supported by Da Afghanistan Bank which is a one year project where AIFC will conduct series of conferences, seminars and workshops in Kabul and regions of Afghanistan started from September 2014 2- Afghan United Bank conversion to fully pledged Islamic Bank project under working started from 15/9/2014. This project includes policies and procedure development for Bank Asset and Liability sides , product development, sharia standards for accounting and auditing, trainings , IT based financial solutions and Shariaa consultations for decrees (Fitwah) Special Focus Areas: Although AIFC is registered as multiple aspects consulting and lending and finance company but it has special focus on the following areas. 1-Islamic banking and Finance Consulting 2-Shariaa Compliance Consulting services Address: House No 2, Street No 5, Qalai Fathullah, Kabul Afghanistan
2. Afghanistan Islamic Finance Company 3-Islamic Banking and Finance Training and Capacity Building services including certificate and diploma based courses 4-Islamic banking and finance product development 5-Shariaa compliance services and legal and regulatory consulting services 6-Trade financing particularly oil and gas 7-SME financing 8-Construction and Housing Financing 9-Suppliers and donors contactors financing 10-Agri business , micro loans, and SME lending Corporate Governance AIFC is run by the highly qualified individuals having up to PhD degrees and extensive knowledge and experiences in Islamic Finance and Banking. 1-Board of Directors All the shareholders or their representative are the board members having the equal voting right and enjoys the authorities and duties stipulated by the Commercial Law of Afghanistan and the AIFC bylaws. 2-Shariaa Board This board has comprised up of three members who are the prominent scholars of Afghanistan and all of them have PhD degrees from various International Reputable Universities like Cairo University Egypt, International Islamic University and Al-Azhar University Egypt. 3-Board of Management AIFC board of management is led by Dr.Alam Khan Hamdard the founder of Islamic Banking and Finance in Afghanistan who have PhD Degree in Islamic Finance and who established Islamic Banking Windows Operations in three largest bank of Afghanistan. All the board of management members is the highest degree holders and have extensive knowledge and experiences in Islamic Banking and Finance. Services and Products Afghanistan Islamic Finance Company lends the money as per the Shariaa based principles of Islamic Finance. Following are the main products: 1-Murabahah Based Trade Financing 2-Diminishing Musharakah Based Business Financing 3-Murabahah and Leasing based housing financing 4-Murabahaha and Ijara Based Agriculture Machineries Financing 5-Muzarahah based agriculture financing 6-Diminishing Musharakah Based Agricultural Processing Units Financing Address: House No 2, Street No 5, Qalai Fathullah, Kabul Afghanistan
3. Afghanistan Islamic Finance Company 7-Musaqaat based water irrigation financing There are more products in pipeline and will be introduced very soon . Competition: There is no any Islamic Finance Company established yet in Afghanistan and there is no competition. Only Islamic Baking Widows Operating Banks are the competitors but they are under strict regulations of Central Bank of Afghanistan. Return Rate Return rate on Islamic Investment is very good and in average the return rate is 13% . Islamic banks in Afghanistan had up to 15% profit from their investments. Even Ghazanar Bank distributed 12.5 % of the profit to its Islamic Banking Depositors. Contacts: Dr.Alam Khan Hamdard Cell Phone#0093 787500015 Email: alamhm@yahoo.com Aifcafg@gmail.com Aziz Amiri Email: contactazizamiri@gmail.com Address: House No 2, Street No 5, Qalai Fathullah, Kabul Afghanistan