Bank-e Millie Afghan

Name

Bank-e Millie Afghan

Legal name

Bank-e-Millie Afghan

Website

https://bma.com.af

Company type

Private

Founded year

1933

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Islamic Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Islamic Deposit & Account Products (Current/Savings/Investment Accounts) (FSABAGAI)

akta.pro secondary industries

Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH), Islamic Transaction Banking (Cash Management & Treasury Services) (FSABAGAF), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), Remittance & Cross-Border Payment Rails (SWIFT, Local Clearing, RTP Connectivity) (FSAGAKAH), Bank Connectivity & Channels (Host-to-host, SWIFT, APIs, EB portals) (FSABAIAF)

Keywords

• Islamic retail banking
• Sharia-compliant financing
• Corporate banking services
• International money transfers
• Government salary accounts

Headquarters

HQ city

Kabul

HQ country

Afghanistan

HQ region

Asia

Offices23 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. SWIFT International Transfers: International wire transfer services via SWIFT network with correspondent banking relationships across major markets
2. Western Union Services: Money transfer and remittance services through Western Union network
3. Bank Guarantees: Fees for bank guarantee issuance including bid, performance, advance payment, and retention guarantees
4. Account Maintenance Fees: Monthly account maintenance fees and SMS banking service charges
5. Safe Deposit Lockers: Annual rental fees for safe deposit lockers in Small, Medium, and Large sizes
6. Murabaha Financing: Murabaha financing provides cost-plus-profit based Islamic financing with profit margin charges on vehicles, construction materials, home appliances, and solar equipment
7. Mudharaba Term Deposits: Mudharaba term deposit accounts with profit sharing (35% customer, 65% bank) and 20% tax deduction from profits
8. Corporate Term Deposits: Corporate term deposit investments with AFN and USD currency options, quarterly profit distribution

Pricing tiers

Distribution channels7 records

Core offering

Bank-e Millie Afghan (BMA) is Afghanistan's first and only public-private partnership bank, operating since 1933, that delivers Sharia-compliant retail and corporate banking services through 39 branches, 8 counters, and 23 ATMs nationwide. The bank offers Mudharaba profit-sharing deposits, Qardh interest-free current accounts, Murabaha and Diminishing Musharakah Islamic financing, MasterCard and ATM cards, SWIFT international wire transfers, Western Union remittances, bank guarantees, payroll services for organizations, and safe deposit lockers. Digital channels include internet banking, SMS banking, email alerts, and a 24/7 call center, with international reach via representative offices in New York and London.

Product overview

Bank-e-Millie Afghan (BMA) offers a comprehensive Islamic banking platform encompassing digital banking services (online banking, SMS banking, ATM services, email alerts), international banking (SWIFT wire transfers, Western Union remittances), and Sharia-compliant financing products (Murabaha for vehicles, home appliances, solar equipment, construction materials, and property). The bank provides multiple deposit account types under Mudharaba (profit-sharing) and Qardh (interest-free) structures for individuals, SMEs, and corporate clients, complemented by card services (MasterCard and ATM cards), safe deposit lockers, and various bank guarantee products. BMA operates 39 branches, 8 counters, and 23 ATMs across Afghanistan with international presence in New York and London.

Differentiator

Problem solved

Functional benefit

Products and services

• Online Banking (E-Banking)

Quantifiable outcome

• 39 full-fledged branches across Afghanistan serving both urban and provincial customers
• +3 more outcomes

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Da Afghanistan BankcoreOthers · 1 January 1933Da Afghanistan Bank (DAB) is Afghanistan's central bank and serves as the regulatory authority overseeing BMA. BMA operates under DAB regulations and compliance requirements, maintaining its headquarters beside DAB in Kabul.
• SWIFTcoreTechnology or IntegrationBMA maintains SWIFT connectivity (SWIFT code: BMAFAFKA) enabling secure international wire transfers. The bank has correspondent banking relationships with international financial institutions across major markets, including free transfers to and from China.
• Western UnioncoreTechnology or IntegrationBMA offers Western Union money transfer services, allowing customers to send and receive money globally. Western Union operates in 200 countries, providing international remittance services to BMA customers.
• Da Afghanistan Breshna Sherkat (DABS)minorChannel Partner/ Reseller/ DistributorDABS (national electricity company) has a counter at their headquarters where BMA services are available for customer convenience. BMA also has an ATM at DABS location.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Others

• Islamic Bank of Afghanistan:
• Da Afghanistan Bank (DAB): Afghanistan's central bank and primary regulator of BMA. Not a commercial competitor but the supervisory authority whose regulation, monetary policy, and licensing decisions directly shape BMA's operating environment; relevant for benchmarking regulatory-driven product design.

Direct peers

• Azizi Bank: Major Afghan private commercial bank with multi-branch retail and corporate operations across Afghanistan. Direct peer on deposit gathering, SME and corporate lending, and ATM network competition; explicitly part of BMA's interbank ATM-sharing network.
• Pashtany Bank: Afghanistan's largest state-owned commercial bank, established in 1954. Directly comparable as a fellow state-owned Afghan commercial bank offering deposits, lending, and trade finance; also holds a 1.134% stake in BMA, signaling interbank familiarity and shared customer base.
• Afghan United Bank: Afghan commercial bank offering retail and corporate banking. Direct peer on customer base and product offerings; part of BMA's interbank ATM-sharing network, indicating operational overlap.
• Ghazanfar Bank: Afghan commercial bank with Islamic banking capabilities (formerly BMA's COO served as Chief Islamic Banking Officer there). Direct peer in Afghan retail/corporate banking with overlapping Islamic finance product offerings.
• Afghanistan International Bank (AIB): Private Afghan commercial bank offering retail, corporate, and trade finance products with international correspondent relationships. Directly comparable on customer segments (corporate, NGOs, government-linked entities) and product scope; competes for the same institutional banking mandates as BMA.
• New Kabul Bank: Afghan commercial bank with full retail and corporate offerings. Direct peer on product mix and customer segments; multiple BMA executives (CFO, board member) previously held senior roles here, and the bank is part of BMA's interbank ATM network.
• Maiwand Bank: Afghan Islamic commercial bank focused on Sharia-compliant products. Direct peer on Islamic banking offerings; BMA's current CEO previously served as Deputy Chief of Islamic Banking Officer at Maiwand Bank, indicating direct talent and product overlap.

Regional players

• Meezan Bank: Pakistan's leading Islamic bank, comparable as a regional Islamic commercial banking peer with a multi-branch retail and corporate footprint. Operates in a different geography but provides a relevant benchmark for Islamic product design, digital Islamic banking, and Sharia-board governance models BMA could emulate.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/bma.com.af
• LinkedInlinkedin.com/company/banke-millie-afghan

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

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 Bank-e Millie Afghan