Evolution of Islamic Banking and Its Impact on Financial Technology in Algeria (Reality and Challenges)

Abstract

The study aims to analyze the current state of Islamic finance in Algeria, as well as Islamic financial services in the context of financial technology within Islamic financial institutions. Additionally, it seeks to analyze the challenges facing Islamic banking in Algeria. The descriptive method was used to understand the theoretical aspects of the topic, and the analytical method was employed to study the reality in Algeria. The study found that the development of Islamic banking in Algeria has a positive impact on financial technology. Despite the existence of numerous challenges, Islamic Financial Institutions in Algeria are working towards adopting financial technology.