The Islamic Financial Industry in Algeria: Between international practices, innovative models, and local challenges
The Islamic Financial Industry in Algeria: Between international practices, innovative models, and local challenges

Summary/Abstract: The study aimed to examine the most prominent international experiences in the field of traditional and technological Islamic financial industry, and to highlight the most important challenges facing its implementation in Algeria. The descriptive, analytical, and case study methodologies were used and the study reached with number of results: Malaysia and United Kingdom are at the forefront of global Islamic finance and are devoting considerable effort to its digitization, the difficulty of implementing Islamic Financial Industry in Algeria due to legislative and regulatory problems, It was suggested that it is necessary to benefit from the experiences of Malaysia and UK by introducing Islamic finance programs in specialized institutes and schools, amending laws related to Islamic finance in addition to opening up to financial technology.

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