Arab economic advisor and political analyst Fouad Kousar has stated that since 2021, Afghanistan has been gradually shifting its banking system from an interest-based model to an Islamic financial framework, describing the reforms introduced after the change in administration as unprecedented and noting that all banks have now been aligned with Islamic financial principles.
He further noted that although Afghanistan has successfully implemented this transition domestically, other Islamic countries have yet to establish a unified and resilient economic system.
In conclusion, he stressed that while political will can drive domestic reforms, building a strong global Islamic economy requires unity among Islamic countries, along with comprehensive structural reforms.
