In Algeria, sharia-compliant banking currently accounts for a marginal share of the Algerian financial sector. Recent estimates expect that Islamic financial assets in Algeria could reach more soon.
Algeria is preparing the legal framework for Islamic finance products such as the issuance of Islamic bonds (Sukuk) and in order to help financing Algeria's SME it will promote Sukuk, Takaful (Islamic insurance) and halal microcredit.
Currently, Algeria has a number of fully operational Islamic banks which serve retail and islamic corporate banking offering halal financing products such as Ijara, Ijara-wa-iqtina, Mudaraba, Murabaha and Musharaka.
ALGERIA ONLINE SHARIA BANK