Momin Afghan, a newly established microfinance institution (MFI) and active member of the Afghanistan Microfinance Association (AMA), opened a new branch in the Kotai Sangi area of Kabul. On June 24, 2025, the institution issued its first Murabaha financing to several clients.
The event was attended by representatives from Da Afghanistan Bank, MISFA, and AMA. We congratulate Momin Afghan on achieving this significant milestone.
AMA supports its member institutions through four main areas: lobbying and advocacy, coordination and networking, knowledge management, and capacity building.
Currently, four AMA member institutions FMFB-A, OXUS-A, Mutahid, and Ghazanfar Bank operate in 16 provinces (Badakhshan, Baghlan, Balkh, Bamyan, Faryab, Ghazni, Herat, Jowzjan, Kabul, Kandahar, Kunduz, Nangarhar, Parwan, Samangan, Saripul and Takhar). As of March 31, 2025, the gross portfolio of Islamic Financing stood at AFN 2.53 billion, with more than 43,000 active clients and the services provided through 73 branch offices across the country.
According to the Microfinance Regulation, loans ranging from AFN 5,001 to AFN 1.5 million are classified as microfinance loans. The figures above refer exclusively to Islamic financing up to AFN 1.5 million.
