Agricultural Development Fund

Name

Agricultural Development Fund

Legal name

Agricultural Development Fund (ADF)

Website

https://adf-af.org

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Agricultural Development Finance

NAICS

Sales Financing (522220)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)

akta.pro secondary industries

Islamic Corporate Banking (FSABAGAC), Islamic SME & Commercial Banking (FSABAGAB), Merchant Cash Advance (MCA) & Revenue-Based Financing (FSAKAGAD)

Keywords

• Islamic agricultural financing
• Sharia-compliant lending
• Agricultural microfinance
• Livestock financing
• Rural development finance

Headquarters

HQ city

Kabul

HQ country

Afghanistan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Islamic Financial Services - Murabaha, Musharaka, Muzara'a, Wakala: ADF provides Sharia-compliant financing to farmers, livestock herders, and agricultural enterprises across Afghanistan. It does not operate as a commercial bank. Revenue is generated through markup fees on Murabaha financing, profit shares in Musharaka arrangements, and agricultural partnership returns in Muzara'a contracts. The fund also partners with the Hasool microfinance subsidiary to extend small financing to individual farmers.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

ADF provides Sharia-compliant Islamic financing products (Murabaha, Musharakah, Mudarabah, Wakalah, Muzara'a) to farmers, livestock herders, and agricultural enterprises across Afghanistan. It supplements financing with technical assistance and market-linkage support, and operates a wholly-owned microfinance subsidiary (Hasool) to extend small-scale financing to smallholder farmers and herders.

Product overview

The Agricultural Development Fund (ADF) operates as a unified Islamic agricultural financing platform offering multiple Sharia-compliant financing products (Murabaha, Musharakah, Mudarabah, and Wakalah) alongside a dedicated small-scale financing subsidiary called Hassen. The fund's core portfolio includes Islamic financing instruments extended to agricultural enterprises, livestock operations, and processing companies across Afghanistan. Complementing its financial products, ADF publishes educational materials — the Parmakhtag magazine and poster publications — covering agricultural techniques, market access, and sectoral developments. The fund's small financing arm (Hassen) targets individual farmers and livestock owners, while the parent fund supports larger agricultural businesses and production companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Murabaha (مرابحه) Sharia-compliant cost-plus financing where the fund purchases goods and sells them to the client at an agreed markup, payable in installments. Used to finance agricultural inputs, equipment, and livestock for farmers and agri-businesses.
• Musharakah (مشارکت) Profit-and-loss sharing partnership financing arrangement between the fund and an agricultural enterprise, used for larger agricultural enterprise investments.
• Mudarabah (مضاربت) Islamic profit-sharing arrangement where the fund provides capital and the entrepreneur provides expertise and labor for agricultural ventures.
• Wakalah (وکاله) Agency-based Islamic financing where the fund authorizes an agent to conduct business on its behalf to finance agricultural operations.
• Small Financing (کوچنی تمویلونه) Small-scale Islamic financing tailored for individual farmers and livestock herders, delivered through the Hasool Small Financing Institution subsidiary.
• Muzara'a (مزارعه) A specific agricultural sharecropping partnership arrangement for financing crop production cycles.

Quantifiable outcome

• Over 7.6 billion Afghanis in total Islamic financing distributed to farmers and agricultural traders since establishment.
• +3 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered core, major and minor.

• Afghanistan Access Foundation (افغانستان اکسس مؤسسې)coreStrategic or Co-development Partner · 11 August 2025A Mudaraba (profit-sharing) Islamic financing partnership was signed between ADF and the Afghanistan Access Foundation on August 11, 2025, at ADF headquarters. Under this agreement, ADF provides financing through the foundation to reach farmers and agricultural enterprises, with the foundation serving as a channel partner. The partnership aims to increase agricultural production, market access, and farmers' income through Sharia-compliant financing products.
• Hasool Small Financing Institution (حاصل کوچنیو تمویلاتو مؤسسې)coreStrategic or Co-development Partner · 12 April 2025The Hasool Small Financing Institution is a wholly-owned subsidiary of ADF established in November 2024 with a license from Afghanistan's Central Bank. It provides small Islamic financing to individual farmers and livestock herders under Sharia principles. ADF allocated 250 million Afghanis to this subsidiary and signed a Mudaraba partnership agreement to extend microfinance reach across Afghanistan's agricultural zones.
• Afghanistan Chamber of Agriculture and Livestock Production (د افغانستان د کرنې او مالدارۍ توليداتو خونې)majorStrategic or Co-development PartnerA coordination meeting was held between ADF's executive board and the Afghanistan Chamber of Agriculture and Livestock Production to identify joint opportunities, coordinate agricultural development efforts, and strengthen the agricultural value chain. The partnership focuses on market linkages, export facilitation, and creating opportunities for agricultural enterprises.
• Afghanistan Chamber of Commerce and IndustryminorStrategic or Co-development PartnerADF held coordination meetings with the Afghanistan Chamber of Commerce and Industry to discuss financial support for agricultural enterprises, create business facilitation opportunities, and strengthen the private sector's role in agricultural development.

Scale indicators12 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Zarai Taraqiati Bank Limited (ZTBL): Pakistan's state-owned agricultural development bank, providing credit and advisory services to the farming sector. Directly comparable in mandate to ADF as a government-affiliated agricultural development financier, though larger and operating in a more developed financial system.
• Principal Bank for Development and Agricultural Credit (PBDAC): Egypt's principal government agricultural credit institution providing loans and development finance to farmers and rural enterprises. Comparable to ADF as a state-owned agricultural development finance institution serving smallholder farmers and agribusinesses.
• Jordan Agricultural Credit Corporation: Jordanian government entity providing concessional credit to farmers and agricultural projects. Comparable to ADF in its mandate as a state-backed agricultural lender with policy-driven financing objectives.
• Islamic Corporation for the Development of the Private Sector (ICD): Multilateral development institution under the Islamic Development Bank Group supporting private sector development in member countries through Sharia-compliant financing. Comparable to ADF as an Islamic development financier, though operating at cross-border scale rather than single-country.

Emerging players

• Akhuwat Islamic Microfinance: Pakistan's largest interest-free microfinance institution providing Qard-ul-Hassan (benevolent loan) and Sharia-compliant products to low-income borrowers. Comparable to ADF's Hasool subsidiary in offering Sharia-compliant credit to underserved rural populations.
• National Agriculture and Livestock Technology Facility (NALTF) - Kenya: African agricultural development finance entity supporting farm productivity and livestock value chains. Partially comparable to ADF in its agricultural and livestock development focus, though in a different region and operating model.

Regional players

• Al-Amal Microfinance Bank: Yemen's Islamic microfinance bank offering Sharia-compliant financing to small entrepreneurs and farmers in a fragile-market context. Comparable to ADF's Hasool subsidiary in operating Sharia-compliant microfinance in a challenging operating environment.
• Bank of Agriculture and Rural Development (BARD) - Sudan: Sudanese government agricultural bank financing agricultural production and rural development. Comparable to ADF as a state-owned agricultural finance institution operating in a similar fragile-market Islamic-finance context.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/adfafghanistan
• LinkedInlinkedin.com/company/agricultural-development-fund

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Agricultural Development Fund