Islamic Banking Deposits and Finance Products in Afghanistan

Abstract

Islamic banking is one of those institutions that act on the basis of the commitment to the provisions and fundamental principles of Islamic Shari'ah on money and aim to grow the economy and reduce interest (Riba) to be clean from the great sin and to build a healthy society. In Islamic banking, every person has two choices before handing over his trust money to the bank: The first option: If his purpose is not to invest, but only to protect his capital or assets, he can open a current account. Bank can invest or capitalize it in the field of its choice. The second option: But if his purpose is to invest and get benefits, in this case, through the contract of partnership or Mudaraba. The client must enter a contract with the bank, accept the risk of his investment and be recognized as entitled to receive the expected benefits according to the agreed ratio. All the banks in Afghanistan will be completely equipped with the Islamic and Shariah system soon. Therefore, in my thesis, I have included the interviews of officials of Islamic banks. In the end, results, suggestions, and sources have concluded.