The experience of Islamic banks in the Arab Maghreb between opportunities and obstacles

Abstract

The Islamic financial industry has witnessed the end of the second millennium and the beginning of the third millennium an unprecedented renaissance, which is manifested by its diffusion in many countries, the expansion of its importance, the increase in the size of its assets and the diversity of its applications. Not so long ago, almost impossible. Attention today is no longer focused on the attention of global financial system officials or state-level legislators on the existence of a financial system that is grounded in Sharia principles. Islamic or self-test. Islamic finance seeks to compete with traditional institutional applications in banking sectors. Insurance and money markets.

The Arab countries are considered as the pioneers of this finance, which is matched only by the Islamic countries, because it was the incubator of the first modern institutional experiments in Islamic finance. However, the Maghreb countries have experienced in recent years a recent trend towards this new form of finance, materialized mainly by the issuance of numerous One of the legislations that has allowed access to the world of Islamic finance from its doors the wider. This article is considered as a synthetic study presents some works already carried out on this subject in order to explore the reality of the Islamic financial industry in the Arab Maghreb countries and to identify the most important legislation and laws that have been enacted to strengthen and support this industry. It also seeks to analyze the most important challenges facing these countries and the means to address them.

Keywords: Bank; Islamic; participatory; Arab Maghreb.

JEL classification : F0 ; F13 ; F36 ; G2 ; Z12

Paper type: Theoretical article.