Islamic finance to be introduced in banking system by the end of the year

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Prime Minister Ahmed Ouyahia said Thursday in Algiers in a session devoted to answers to questions from MEPs on the government’s action plan, that the Finance Bill 2018 provides for the introduction of Islamic checks in the treasury of State , as well as the introduction by the end of 2017 of Islamic banking finance for two public banks against four other public banks in 2018.


Concerning the funds of the informal economy, the Prime Minister indicated that the figures presented by the Governor of the Central Bank show that until July 2017 Algeria had 14.500 billion dinars of which 2700 billion dinars in circulation on the parallel market.

N.Houda Chabane

Source:APS

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