Mechanisms for activating bank financing to invest endowment funds in order to achieve local development in Algeria

Laib Sanaa , Dridi Sara

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Published: Feb 5, 2025

Keywords:

Local communities, local development, Islamic finance, investment of endowment funds.

Laib Sanaa , Dridi Sara

Abstract

This research paper aims to search for new mechanisms for financing local development in Algeria especially because of the non efficiency of the currently approved methods. And it has been concluded that the various Islamic finance formulas can contribute in financing local development, since especially since the introduction of the law whose activation through Islamic banks and Islamic banking windows in public banks will have a positive impact on sustainable local development in all fields: economic, social and environmental. Urban, which causes an increase in financial resources to support the autonomy of local groups, and thus
administrative autonomy in making appropriate decisions for the local community

Issue

Vol. 62 No. 2 (2025): Vol 62 No 2 (2025)

Section

Articles

This work is licensed under a Creative Commons Attribution 4.0 International License.

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