Banks, financial services, lending, and fintech developments
Annaba - The Local Development Bank expects its turnover for the current year 2026 to exceed 110 billion DZD, marking an increase of between 10 and 15 percent compared to the results achieved in 2025, according to what the General Director of this public financial institution, Mohamed Mebarek, stated today, Tuesday, in Annaba.
aps.dz
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.
echoroukonline.com
Algeria – The value of the first issuance of sovereign sukuk in Algeria, which started its subscription process today, Tuesday, is 296.650 billion DZD, where the resources collected from this issuance will be directed to finance major public projects, particularly in the fields of infrastructure, equipment, and public services, contributing to the economic and social development of the country, according to the information memorandum regarding the operation published by the public treasury.
aps.dzAlgeria - Experts in Islamic finance agreed today, Tuesday in Algiers, that the official launch of the subscription for the first issuance of sovereign sukuk in Algeria represents an important and complementary step in the Islamic financing system in the country, considering its contribution to mobilizing national savings to support development projects and attract capital in a legitimate and secure manner.
aps.dz
Algeria Post announced in a statement today, Tuesday, the launch of a comprehensive and exceptional system aimed at ensuring the continuity of quality and smooth postal and financial services across the national territory, on the occasion of the holy month of Ramadan.
radioalgerie.dz
The subscription operation for the sovereign Sukuk 'Ijara Usufruit', aimed at mobilizing national savings as part of efforts to promote financial inclusion.
ecotimesdz.com
The Treasury announced the official launch of the subscription process for the sovereign bonds 'Ijara - Right of Use', starting from Tuesday, highlighting that this process is part of a vision aimed at diversifying the state's funding sources and mobilizing national savings. A statement from the Treasury clarified that this process is a 'significant milestone in the development of the national financial market and the enhancement of the Islamic financial system in Algeria', as it falls within a vision aimed at 'diversifying the state's funding sources, mobilizing national savings, and providing financial instruments compliant with the principles of Islamic finance, as a complementary mechanism to existing financing means.' Mezari to 'Echorouk': The new papers are compliant with Sharia and an effective alternative to traditional borrowing...
echoroukonline.com
The Treasury announced today, Monday, in a statement, the official launch of the subscription to the sovereign sukuk 'Ijarah - Right of Use'.
echaab.dz
Algeria - The public treasury announced on Monday in a statement the official launch of the subscription process for the sovereign sukuk 'Ijarah - Right of Use' starting from tomorrow, Tuesday, highlighting that this process is part of a vision aimed at diversifying the state's funding sources and mobilizing national savings.
aps.dz
The price of gold jumped today, Monday, above the $5100 per ounce level, marking its highest level ever, amid rising geopolitical tensions and increased demand for safe-haven assets. The spot gold price rose by 2.2% to $5089.78 per ounce, after touching a record level of $5110.50, while U.S. gold futures for February also rose by the same percentage to $5086.30 per ounce. View the full content on Echourouk Online.
echoroukonline.com
The price of gold jumped above $5,100 per ounce today, marking its highest level ever, continuing a series of historic increases amid rising geopolitical tensions that have led to increased demand for safe-haven assets. As of 09:15 Moscow time, April gold futures rose by 1.88% to $5,111.80 per ounce.
al24news.dz
To finance the public treasury and stimulate the market.
elkhabar.com