In Algeria, an Islamic loan is by definition a funding solution provided by Algerian Islamic banks as well as Islamic Algerian lenders to accommodate the needs of Algerian individuals and Algerian business people to comply with Islamic Finance.
In Algeria, an Islamic loan has to the objective to give a financial response to Algerian consumers and Algeria entrepreneurs who are wishing to use ethical financing on a daily basis regardless if it’s to bus a house or a car or save money.
In Algeria, Islamic banks are already active within the Algeria loan markets and Algerian consumers and business people can chose between halal financing of conventional loans when it comes to mortgage or credit cards.
In Algeria, an Islamic loan excludes any form interest rates which takes the for of profits or losses and speculations linked with high risks transactions are also banned from the Algerian Islamic products range.
ALGERIA ONLINE ISLAMIC BANKING