Islamic Banking in Algeria Hindered by Legislation and Technology Shortage.
Islamic banking in Algeria faces challenges due to legislation, lack of qualified individuals, and limited use of technology. Despite these obstacles, Islamic banks have shown efficiency in managing finances and promoting development in various sectors. They follow Islamic Sharia rules and provide high-quality financial services to investors. Islamic banking is present in over 67 countries and is expected to expand to 75 countries by the end of 2019.