Mutahid DFI

What Mutahid DFI does

Mutahid Development Finance Institution (Mutahid DFI) is a regulated microfinance institution headquartered in Kabul, Afghanistan, licensed by Da Afghanistan Bank (the central bank). Founded in 2011, the company provides Shariah-compliant financing to Afghan entrepreneurs and small business owners through a network of 17 branches operating across 10 provinces including Kabul, Mazar, Herat, Parwan, Pule Khumri, Samangan, Sare Pul, Sheberghan, Takhar, and Badakhshan. Mutahid serves approximately 15,229 active clients and reports a gross portfolio of AFG 664,304,924.

The company's entire product suite is structured around the Murabaha Islamic finance contract — a sales-based agreement with a pre-agreed profit margin that replaces conventional interest (riba). The portfolio comprises seven distinct Murabaha categories: a First Category (AFG 5,000-500,000, 6-24 month tenor), a Second Category (AFG 500,001-1,500,000, 12-24 month tenor), Smartphone Financing (AFG 20,000-150,000), Agriculture/Livestock Murabaha (AFG 20,000-200,000), Consumer Murabaha, Low Cost House/Shop Renovation (AFG 20,000-500,000, 6-18 month tenor), and Solar Panel Financing (AFG 10,000-1,500,000). All products are transactional, priced on a pay-as-you-go basis with pre-agreed profit margins rather than interest rates.

Mutahid's go-to-market is enterprise-style field sales delivered through physical branches: clients are onboarded face-to-face at the branch level with relationship-based lending practices. The company employs approximately 50 staff and supports a multilingual customer interface (English, Dari, Pashto). Revenue is generated from the embedded Murabaha profit margins on each financed transaction across consumer, agricultural, housing, and renewable-energy use cases. The website discloses a partners section with logos of unnamed institutional partners, suggesting third-party financial relationships, though specific partner identities and any parent, investor, or ownership backing are not publicly disclosed in the source data.

Name

Mutahid DFI

Legal name

Mutahid Development Finance Institution

Website

https://mutahid.org.af

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Mutahid Development Finance Institution is a Da Afghanistan Bank-licensed microfinance institution providing Shariah-compliant Murabaha financing to Afghan entrepreneurs and small businesses via 17 branches across 10 provinces, serving roughly 15,229 active clients with a gross portfolio of AFG 664 million.

Ownership category

akta.pro rank

Product category

Islamic Microfinance

akta.pro primary industry

Islamic SME & Commercial Banking (FSABAGAB)

akta.pro secondary industry

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

Keywords

• Islamic microfinance
• Shariah-compliant financing
• Murabaha lending
• Small business financing
• Development finance

Headquarters

HQ city

Kabul

HQ country

Afghanistan

HQ region

Asia

Offices10 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Murabaha Financing: Shariah-compliant Islamic financing structure operating as a sales contract that fixes the price of goods or items as required by the customer, inclusive of a pre-agreed profit margin. Provides financing to individuals and small businesses across various categories including general financing, agriculture, livestock, consumer goods, housing renovation, and solar energy.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Mutahid DFI provides Shariah-compliant microfinance to individuals and small businesses across Afghanistan via Murabaha sales contracts (Islamic financing with pre-agreed profit margins, no interest). Its product line spans seven categories—general financing (two tiers), smartphones, agriculture/livestock, consumer goods, house/shop renovation, and solar panels—delivered through 17 branches in 10 provinces.

Product overview

Mutahid Development Finance Institution (DFI) is a regulated microfinance institution licensed by Da Afghanistan Bank, offering Shariah-compliant financial services through its Murabaha product portfolio. The company operates a single unified product line focused on Islamic financing, consisting of seven distinct financing categories: First Category (AFG 5,000-500,000), Second Category (AFG 500,001-1,500,000), Smartphone Financing (AFG 20,000-150,000), Agriculture/Livestock Murabaha (AFG 20,000-200,000), Consumer Murabaha, Low Cost House/Shop Renovation Financing (AFG 20,000-500,000), and Solar Panel Financing (AFG 10,000-1,500,000). All products are structured as Murabaha sales contracts with pre-agreed profit margins, providing microfinance solutions across 17 branches in 10 provinces to approximately 15,229 active clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Murabaha First Category (General Financing)

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Regional players

• Al-Amal Microfinance Bank (Yemen): Islamic microfinance institution serving small entrepreneurs in Yemen with Shariah-compliant financing. Comparable in product philosophy (Islamic microfinance to SMEs) and operating in a similarly fragile macro environment.
• Akhuwat Islamic Microfinance: Pakistan's largest interest-free (Qard-ul-Hassan and Murabaha-based) microfinance institution serving entrepreneurs. Highly comparable in product structure (Shariah-compliant microcredit) and target segment, with regional proximity to Afghanistan.

Direct peers

• BRAC Afghanistan: BRAC's Afghan microfinance operation serves micro and small entrepreneurs through group and individual lending models across multiple provinces. Highly comparable in target customer (low-income Afghan entrepreneurs) and product mix (microcredit).
• Afgan Microfinance Institution: Afghan-licensed MFI focused on micro and small enterprise lending. Comparable as a similarly-positioned local microfinance competitor serving Afghan SMEs via branch-based distribution.
• National Microfinance Bank (Afghanistan): Afghan microfinance institution serving low-income and small-business clients through a multi-branch network. Comparable as a regulated MFI competing for the same entrepreneur and SME customer base in Afghanistan.
• First Microfinance Bank Afghanistan (FMFB-A): Afghan-licensed microfinance institution serving small businesses and households with microcredit across multiple provinces. Directly comparable in business model, regulatory status, and target market to Mutahid DFI.
• FINCA Afghanistan: One of the largest microfinance networks operating in Afghanistan, providing microcredit and deposit services to small businesses and entrepreneurs. Directly comparable as a licensed MFI serving Afghan SMEs through a multi-branch network.
• Oxus Afghanistan (now part of Wrld/BFC network): Long-standing licensed microfinance institution in Afghanistan offering microcredit and SME financing across multiple branches. Closely comparable to Mutahid in regulation, branch-based distribution, and small-business customer focus.

Others

• Da Afghanistan Bank (Central Bank): The regulator that licenses and supervises Mutahid. Included as an OTHERS peer because it is the principal counterparty shaping Mutahid's operating environment, capital requirements, and product eligibility.

Broad incumbents

• Al Baraka Bank Afghanistan: A licensed Islamic commercial bank operating in Afghanistan, offering Shariah-compliant financing products including Murabaha variants. Comparable as a larger, broader Islamic finance incumbent operating in the same country and regulatory perimeter.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/mutahid-dfi

Revenue estimate

Valuation estimate

Number of profiles

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 Mutahid DFI