11.05.2010 - Algerian Banks open to Islamic finance
From Elkhabar.com: The Currency and Credit council in Algeria is amending its legislation to allow banks in the country combine Islamic and conventional Finance by 2011, says Adderrahmane Ben Khalfa, General Commissioner of the Banks and Financial Institutions Association. Under the new legislations, banks will offer to their customers banking products and services in accordance with Shariah or Islamic law. They will also establish Shariah supervisory Boards to watch and approve financial and banking transactions..............................................Full Article: Source
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