EVALUATION OF ISLAMIC BANKING STABILITY IN AFGHANISTAN FROM THE MAQASID SHARI'AH PERSPECTIVE

Abstract

The main purpose of this article is to explore Islamic Banking performance in Afghanistan and to evaluate its stability from the perspective of maqasid sharia. The continuation of the Instability in Afghanistan‘s Islamic Banking industry may negatively cause its market share and leads to increasing the distrust among the customers. Therefore, this study aims to explore and identify the instability caused by using the qualitative method by collecting secondary data based on issues analysis and different sources such as document policy, reviewing relevant articles, official reports, books, websites of banks especially websites of (ACB/DAB), conducting the interview, they are used to provide information on the stability and instability of Islamic Banking in Afghanistan followed by the maqasid sharia. The researcher has reached the result that, the main reason for instability is civil war and non-consistency of the political system for a long time which all these reasons led to economic and financial instability in the country. The researcher recommends the authority to establish Islamic Banking institutions and support their activities, then focus on developing and promoting Islamic Banking constructive thought in the community, try to organize public awareness programs, and increase people's knowledge and motivations about Islamic Banking and finance. And the education centers such as universities, and educational institutions have to concentrate on organizing conferences, workshops, seminars, and webinars and have exchange programs with other countries especially those famous for their basic role in the present Islamic Banking system to keep them more stable.