دور الهندسة المالية الاسلامية في تطوير أسواق الأوراق المالية : دراسة التجربة الإماراتية و إسقاطها على الجزائر

Abstract EN

Algerian market securities suffer from great rigidity since his establishing, this is what made the World Economic Forum classify him as a fourth weaker financial market in the world,and this despite the fact that Algeria has a large financial potential, this inertia is due to a number of economic, political and legal factors, the government contributes to the premium & large shares of them, the algerian financial market is experiencing what we call the crisis of confidence in emerging markets and this is due to the continuous intervention of governments in the markets, resulting a decline of institutions and withdraw from the market, & with the absence of competition, the stock dividend remain at low levels.

Arab Emirates have suffered from the same position during the first years of market Securities activity, but she remedied the situation by finding a mechanism for re-UAE market attractive to investors audience, which convert the stock market to an Islamic stock exchange, who is the first of its kind in the Arab region, has been able to doubling the interveners private individuals whom that remains the religious restraint is the main driver of the decision to invest in the financial market to 9-fold & more than 130 companies listed and trading volume of $ 660 billion, of which 73.7% of individuals investments during 2014, through the provision of a wide & various range of islamic financial products and investment options, This market has been able to the advancement of the country's economy, contributing to the development of the real estate sector and the Islamic banking sector, transport and communications, tourism, etc ..., and contribute to the formation of more than 55,000 new millionaires over the past decade.

Therefore For Algeria benefit from the UAE experience, and this by providing a set of conditions for the establishment of an Islamic financial market, will help to develop Algeria Stock Exchange