Algeria plans to allow Islamic banking

 Bank of Algeria
The Algerian government plans to amend the law on the organization of bank lending, and in order to allow national banks to provide banking services commensurate with the provisions of Islamic Law.

In order to enable a wide range of private citizens and small and medium enterprises to benefit from financial products of various raised in the financial arena, as well as enable the national economy from the potential high savings are available and which are not exploited because of alienated a large segment of society from dealing with other banks.
It should be noted that Tunisia is the Maghreb country in which the only Islamic banks.

P.S: If you like this article ... Please Subscribe to our mailing list.


  1. Islamic banks were also more flexible because it can be deposited back prices on a quarterly basis, reviewing the differences between loans and deposits. Therefore, attractive deposit rates has enabled Islamic banks to be more aggressive than traditional lenders to accumulate funds. Until now, Islamic banks are net lenders in the interbank market because they have better liquidity position.

Leave a Reply