أهمية منتجات الهندسة المالية الإسلامية في السوق المالي الماليزي و محاولة الاستفادة منها في الجزائر

Abstract EN

T h e success of the Islamic financial market depends on the diversity and evolution of commercialized financial tools.

This constraint calls for redoubling efforts to develop and create Islamic financial instruments that comply with the provisions of Islamic law (sharia) in the context of the so-called "Islamic financial engineering".

This involves the design and development of innovative financial instruments and processes that combine religious legitimacy with economic efficiency.

Regarding the Islamic financial market in Malaysia, the "sukuk" issuance process has been particularly successful, both regionally and globally This paper will present the Malaysian experience in the supply of financial engineering products through the presentation of the concept of Islamic financial engineering, and the identification of the most important tools operating within the financial market, while trying to draw lessons relevant to the application of Islamic finance tools to the Algerian financial market.

This study concludes that, despite the effectiveness of Islamic financial engineering products in the Malaysian capital market, it seems that their use in the Algerian financial market, a relatively small market where the laws in force seem hardly favorable, is problematic.

Finally, proposals are put forward to assert the need to promote this market in the light of current developments.