the Islamic Banking Industry is Instrumental in Promoting Financial Inclusion in Algeria

Abstract

This research paper aims to examine the efforts and initiatives undertaken by Algerian monetary authorities to promote financial inclusion through the development of Islamic banking. The study explores the key concepts of financial inclusion and the Islamic banking industry, along with the challenges they face. The findings of the analytical study reveal that Algeria is making significant progress toward financial inclusion, especially in the wake of amendments to the Monetary and Credit Law. These amendments have legalized Islamic banking and facilitated the establishment of dedicated windows and branches offering Islamic financial services and products.