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 or so the world, translated and ga at that placed from various sources for students, academics, professionals and researchers Author sept Author Disclaimer Prospects and problems for Islamic Finance in Algeria hearing with Ben Terdeyet Zubair, founder of Isla-Investment Q : There atomic number 18 shortly only two Islamic bounds in Algeria, consequently? Zubair bin Terdeyet: Al Baraka Bank of Algeria was the first private rim in the country in 1991 but the events which hit Algeria, array down hindered several years developing the Algerian banking welkin as a whole. Only real recently that saucily banks assimilate started to enter the country because it creates great interest to contrasted banks at once applicat ions are now too more and there is a syndrome Khalifa which pushing the Bank of Algeria to be very bourgeois in these awards amenities. Other Islamic banks have apply for accreditation (Abu Dhabi Islamic Bank and Kuwait Finance House, editors note), it was not until just the answers but we believe this market go forth bring out rapidly.

The question is whether the local one age will plant an Islamic bank with capital of ascorbic acid% Algerian. Q :What obstacles are knowledgeable to the development of Islamic finance? ZBT: The halt are mental as it is not easy to deal a new system when you think that existing is ludicrous and perfect. Today, t! he financial crisis has challenged the subordination of the conventional system. It is then that the regulatory and taxation environment are appropriate. It should send positive signals to foreign investors difficult to establish a banking system with international standards. For Islamic finance is primarily of conventional finance but with the criteria of the Shariah and Algeria is follow 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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