Algeria starts Islamic financial products on the market

Algeria started some Islamic financial products, in attempt to attract cash money to the bank sphere of the country, on August 16 reports the Turkish agency to Daily newspaper "Daily Sabah". In Algeria where lives 43 million people, the majority of operations is made by cash money, circulating outside the official banking sector, professor Mohammed Budzhelal, the expert in Islamic finance explained. According to him, many Algerians "assume airs" concerning ordinary bank tools and products. Some Muslims consider that the traditional banking system is incompatible with their belief...