Islamic windows experiance in Algerian legislation

Abstract EN

This study aims at highlighting Islamic windows in Algerian legislation as a support for Islamic banking in Algeria.

As the latter's role is to respond to the inspirations of Islamic financial dealers, Algeria sought to adopt this kind of measures in traditional banks based on the system 02-20 in an attempt to orb savings according to the principles of Islamic Shariaa and in response to the aspirations of those dealing with its banking system.

We have learned through this study about the efforts of Algerian authorities to enact legislation concerning the opening of Islamic windows at the level of traditional banks, starting as a participatory banking within the system 18-02 and then an Islamic banking within the new system 02-20, where concepts and descriptions of Islamic products have been defined, it was also pointed out that the activation of the latter would be based on an instruction from the bank of Algeria.