Starting from a simple investment of 100,000 dinars, the sovereign sukuk 'Ijarah - Right of Use' allows citizens to achieve guaranteed annual profits ranging from 6,000 dinars to 60,000 dinars for each sukuk, paid once a year in the form of rent, with the full value of the investment returned at the end of the term. This was revealed in an official guide issued by the Ministry of Finance, explaining the mechanism for achieving profits from the first Algerian experience with sovereign sukuk, considering it a safe alternative to traditional savings, without interest, and with a fixed and low-risk return borne by the state itself as the lessee of the real estate assets. The Ministry of Finance issued a 11-page guide on understanding sovereign sukuk 'Ijarah - Right of Use' on Tuesday.
Algeria - The process of expanding the powers of public administration representatives at the one-stop shops of the Algerian Investment Promotion Agency continues, through the delegation of State Property Administration representatives to prepare and sign lease contracts for economic land, as part of simplifying administrative procedures and accelerating the realization of investment projects.
Algeria - The General Directorate of Taxes announced today, Sunday, in a statement, the extension of the deadlines for subscribing and submitting a number of tax declarations for taxpayers subject to the real profit system and the single flat-rate tax system, in order to enable them to meet their tax obligations under the best conditions.
Most homes and farms are not insured against fires; farmers are the most exposed to losses due to weak subscription. New insurance products to face climate disasters, digitization, and artificial intelligence to reduce compensation times. Hassen Khalifati, a member of the board of the Algerian Union of Insurance and Reinsurance Companies, warned that the expansion of fires in Algeria, due to heat waves and climate changes, is met with a clear weakness in the demand for fire insurance, which increases the losses incurred by families, farmers, and economic institutions when disasters occur. Khalifati explained, in a statement to 'Echorouk', that there are no accurate and updated statistics to determine the percentage of homes or farms...
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