Shafi Azam is an experienced economic policy professional and foreign affairs leader with more than 16 years of work across government, economic diplomacy, financial management, media, and the private sector development. As Chairperson of the Board of Supervisors at Shahy Khazana Microfinance, he focuses on strengthening governance, ensuring financial transparency, and supporting the institution’s efforts to expand financial inclusion and sustainable economic growth in Afghanistan.
Chairperson of the Board of Supervisors
He currently serves as Director General of Economic Relations at the Ministry of Foreign Affairs of Afghanistan, where he leads Afghanistan’s engagement with regional and international partners on economic cooperation. His work centers on improving regional connectivity, attracting trade and investment, and advancing cooperation through platforms such as RECCA and the Heart of Asia – Istanbul Process, while working closely with institutions like the World Bank, Asian Development Bank, and Islamic Development Bank to support private sector development and foreign direct investment.
Over the years, Shafi has worked in both public and private sectors in leadership roles. As CEO and Managing Director of InvestOneCrops and CommerShows, he led organizational growth, managed operations, and ensured strong financial and institutional performance. In government, he has held senior financial management positions, overseeing budget planning, resource allocation, and transparency at both national and provincial levels.
Earlier in his career, he was actively involved in media and economic journalism as Chief and Editor of Hamyanay Economic Daily and as a producer and presenter at Saba Television Network. This experience helped him build strong communication skills and a practical understanding of public engagement and economic analysis.
As Chairperson of the Board of Supervisors, Shafi provides independent oversight of management, ensuring accountability, compliance, and effective governance. He leads board activities, reviews financial and audit reports, and supports risk management processes to strengthen transparency and performance.
Shafi Azam holds a Bachelor’s degree in Economics from Kabul University and a Master of Business Administration at Kardan University. With a strong commitment to economic development and institutional strengthening, he is dedicated to promoting responsible finance, effective governance, and sustainable growth within Afghanistan’s microfinance sector.
Member of the Board
Sayed Mujeebullah Zal is a seasoned finance and governance professional with more than 15 years of progressive experience in financial management, public administration, procurement, contract management, and organizational leadership. He currently serves as a Member of the Board of Supervisors for Shahy Khazana Microfinance, where he provides independent oversight of executive management, reviews financial and audit reports, strengthens internal control systems, and contributes to risk management and governance frameworks.
Mr. Zal has extensive executive leadership experience from his role as Director General of Administration and Finance at the Supreme Court of Afghanistan, where he led financial and administrative operations across all 34 provinces and Kabul. His responsibilities included strategic financial planning, budgeting, accounting, human resources management, procurement oversight, and ensuring compliance with financial laws and regulations.
Prior to this, he served as Director of Finance and Administration at the Supreme Court, managing budget preparation, financial reporting, procurement processes, human resources, logistics, asset management, and information technology administration. His leadership contributed significantly to strengthening institutional financial controls and operational efficiency.
Mr. Zal holds a Master of Business Administration (MBA) and a Bachelor of Business Administration (BBA), supported by professional expertise in budgeting, portfolio management, public procurement, contract management, project planning, monitoring and evaluation, and public resource allocation
With a strong background in governance, financial oversight, and strategic management, Mr. Zal brings valuable expertise to board deliberations and contributes to promoting transparency, accountability, and sustainable organizational growth.
Member of the Board
Islamuddin Munib, brings extensive expertise in Shariah governance, Islamic finance, and academic leadership to his role as a member of the Board of Supervisors. With advanced degrees in Shariah and Law from Nangarhar Islamic University and a PhD in Islamic Studies in progress at Peshawar University, he combines scholarly depth with practical oversight of financial institutions.
Mr. Munib has served as a Shariah Board Member for Ghazanfar Bank (2023–2025) and Afghan United Bank (2015–2016), where he reviewed Islamic banking products, issued Shariah opinions, and ensured compliance with Da Afghanistan Bank (DAB) regulations. His contributions strengthened institutional governance, safeguarded Shariah integrity, and supported the development of compliant financial solutions.
In addition to his governance roles, Mr. Munib is a Lecturer at Al Taqwa University, Nangarhar (2022–present), mentoring students in law and Islamic studies. He has also completed professional training with the Supreme Court of Afghanistan (2009–2011), covering commercial law, constitutional law, civil and criminal codes, and human rights, knowledge that informs his work in compliance and oversight.
As a member of the Board of Supervisors, Mr. Munib provides independent oversight, Shariah expertise, and strategic guidance, ensuring that organizational policies and practices remain compliant, transparent, and aligned with both national and international standards.