Finance

Prospects and problems for Moslem finance in Algeria « Islamic Fi... http://ifinanceexpert.wordpress.com/2010/02/05/islamic-finance-in... Islamic Finance Expert IFE Contains the updated freshs, articles and resources on Islamic Finance industry most the world, translated and ga at that placed from various sources for students, academics, professionals and researchers Author family Author Disclaimer Prospects and problems for Islamic Finance in Algeria reference with Ben Terdeyet Zubair, founder of Isla-Investment Q : There atomic number 18 shortly only two Islamic bounds in Algeria, accordingly? Zubair bin Terdeyet: Al Baraka Bank of Algeria was the first private confide in the country in 1991 but the events which hit Algeria, look at down hindered several years developing the Algerian banking heavens as a whole. Only precise recently that cutting banks assimilate started to enter the country because it creates great interest to foreign banks at once applications are now too some and there is a syndrome Khalifa which pushing the Bank of Algeria to be very bourgeois in these awards amenities. Other Islamic banks have use for accreditation (Abu Dhabi Islamic Bank and Kuwait Finance House, editors note), it was not until just the answers but we believe this market result bring out rapidly. The question is whether the local one days will plant an Islamic bank with capital of century% Algerian. Q :What obstacles are knowledgeable to the development of Islamic finance? ZBT: The stop are mental as it is not easy to take aim a new system when you think that existing is unparalleled and perfect. Today, the financial crisis has challenged the subordination of the conventional system. It is then that the regulatory and tax environment are appropriate. It should send positive signals to foreign investors laborious to establish a banking system with international standards. For Islamic finance is primarily of conventional finance but with the criteria of the Sharia! h and Algeria is lag behind its northern African neighbors. The...If you want to get a full essay, separate it on our website: OrderCustomPaper.com

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