Revue algérienne d'économie et gestion
Volume 19, Numéro 2, Pages 370-390
2025-12-12
Alternative Financing For Startups In Algeria: Towards Synergy Between Crowdfunding And Islamic Finance
Authors : Benlekhal Nawel .
Abstract
Abstract: In light of the changes that have taken place in recent years, and in order to diversify its economy, the Algerian government has realised the importance of innovative businesses in revitalising the country's economy, in order to diversify an economy based on hydrocarbons. It has therefore become essential to set up an ecosystem that encourages the development of entrepreneurship and innovative economies. However, this type of business faces a number of difficulties and obstacles, not least of which is financing, since traditional bank credit mechanisms are often ill-suited to the specific needs of young innovative businesses. This article explores two promising alternatives: crowdfunding and Islamic finance. Through a comparative analysis. The example of YINVESTI, the first Algerian crowdfunding platform is a perfect illustration of this turning point. We conclude that there is still a long way to go, but that the foundations have been laid, showing that change is on the way.
Keywords
Startup ; Crowdfunding ; Islamic Finance ; Government policy ; Fintech
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