Algeria turns to Islamic finance to save economy

Algeria has launched Islamic finance products in a bid to attract money from the informal market, but bankers warn it will take more to fix the country’s struggling economy. Falling oil prices and the coronavirus pandemic have battered the North African country, triggering alarm bells among officials and experts. The International Monetary Fund (IMF) forecast…

Read more fromt he source : The Manila Times

Tags : Algeria, Islamic finance, economy,