Application Islamic banking system in Algeria in During the Covid 19 Pandomic

تاريخ الاستلام: 2020/08/20تاريخ القبول:2020/12/29

Abstract

The study reviews the Bank of Algeria’s decision to go to Islamic banking through the 20-02 system issued on March 15, 2020 in light of the repercussions of the Covid 19 virus pandemic by presenting the various Islamic formulas in the system and determining the contribution of each formula and clarifying areas of its application in light of the conditions of the Corona pandemic that caused the collapse Oil prices and lack of financial resources, which necessitated the Algerian government to search for alternatives by benefiting. Adopting a system of Islamic banking that aims to motivate individuals to invest their money in accordance with the principles of Islamic Sharia, which contributes greatly to encouraging savings and thus reducing the money supply. Available outside the banking system and the provision of financial resources to meet the current economic conditions