Algeria will introduce Islamic financial services before 2018 as a way to cope with its financial crisis, announced Prime Minister Ahmed Ouyahia on Thursday.
The services will be available at two state banks before the end of the year. Four others will adopt the measures in 2018. he added.
The first sukuk, or Islamic bond, will also be adopted in 2018 as Algeria seeks new funding sources after a fall in energy earnings hit state finances, Ouyahia told parliament.
https://www.albawaba.com/business/algeria-turns-islamic-banking-resolve-its-financial-crisis-1025278
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