IMF Assisting Afghanistan on Sukuk

In a recent country report on Afghanistan, the IMF highlighted developments of the Islamic finance sector.

The Afghan authorities are preparing a sukuk law, along with supporting legislative infrastructure, and an implementation plan. The IMF is assisting with sukuk implementation plan, including identification of assets to back sukuk, and preparing, the necessary capital market and securities issuance legislation and regulations.

Download IMF Report on Afghanistan.

Background

Afghanistan completed a peaceful transfer of power in September 2014, with the conclusion of the presidential elections and establishment of the national unity government. The new  government is resolved to push ahead with economic reforms and improve governance to  promote economic growth and development that benefits all Afghans. The international community and key donors have reaffirmed their partnership and commitment to Afghanistan at the London Conference held in December 2014. They welcomed the new government’s commitment to macroeconomic stability and reforms that will promote sustainable and inclusive growth.