Résumé:
This study aims to clarify the role of Islamic finance formulas in achieving economic
development by presenting various concepts, characteristics, foundations and others for
both variables by adopting the descriptive analytical approach, in addition to presenting
Algeria’s experience in the field of Islamic banking supported by an applied example of the
real estate Murabaha formula in the applied aspect using a study approach status.
The study reached a set of results, the most important of which is that Islamic
finance contributes to diversifying non-oil financing sources, in addition to allocating the
necessary capital to finance the economy by encouraging individuals to save and stay away
from hoarding. The most important result was that Algeria’s experience is still young
compared to the experiences of other countries. And perhaps what the 20-02 system brings
is enough to make Islamic finance in Algeria a pioneer through the diversity of Islamic
products offered and the ways to deal with them.
