Beam Journal of Economic Studies
Volume 9, Numéro 1, Pages 540-559
2025-03-17

The Role Of Islamic Sukuks In Developing The Financial Market -a Prospective Study Of The Financial Market In Algeria-

Authors : Laib Tarek . Salah Hichem .

Abstract

This study aims to shed light on one of the Islamic financing instruments, which is considered a suitable solution to revitalize the Algerian financial market. This instrument is represented by Islamic sukuk, which are not yet traded in the Algerian financial market due to several legal, regulatory, economic, and Sharia-compliant obstacles. The study sought to provide solutions and recommendations for activating the use of Islamic sukuk in Algeria. The study concluded that the adoption of Islamic sukuk in Algeria opens promising prospects for the Algerian financial market in particular, as it can stimulate and develop the stagnant financial market. Additionally, it represents a suitable solution for the national economy in general, due to its ability to mobilize resources, achieve economic diversification, and realize the desired economic development.

Keywords

Islamic sukuk ; Islamic finance ; financial market ; Algeria