Azizi Bank

Azizi Bank

Discussion
Ask a question about 'Azizi Bank'
Start a new discussion about 'Azizi Bank'
Answer questions from other users
Full Discussion Forum
 
Encyclopedia
Azizi Bank is the name of a commercial bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...

 in Afghanistan
Afghanistan
Afghanistan , officially the Islamic Republic of Afghanistan, is a landlocked country located in the centre of Asia, forming South Asia, Central Asia and the Middle East. With a population of about 29 million, it has an area of , making it the 42nd most populous and 41st largest nation in the world...

, which has its main branch in Kabul
Kabul
Kabul , spelt Caubul in some classic literatures, is the capital and largest city of Afghanistan. It is also the capital of the Kabul Province, located in the eastern section of Afghanistan...

. It also has branches in many provinces of the country. The bank opened in June 2005 and is named after its chairman, Haji Ali Akbar Zhawandai. A villa adjacent to the Presidential Palace has been purchased and converted for the bank's use.

The bank's accounts include the Qismat or "lucky" account, launched in August 2005, which pays no interest in accordance with Islamic law
Sharia
Sharia law, is the moral code and religious law of Islam. Sharia is derived from two primary sources of Islamic law: the precepts set forth in the Quran, and the example set by the Islamic prophet Muhammad in the Sunnah. Fiqh jurisprudence interprets and extends the application of sharia to...

, but instead gives savers the chance of winning prizes such as cars and jewelry.