Launch
The Islamic Finance window, established by the National Bank of Algeria on August 4th , 2020, following strong demand from Algerian citizens, aims to provide fund management services and financing and investment activities in accordance with the precepts of Islamic Sharia, while ensuring a separation from conventional banking activities.
Operating Network
A network covering the entire national territory
Products
Discover our range of Islamic products tailored to your needs
6 / Deposit Products
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Islamic Check Account;
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Islamic Current Account;
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Islamic Investment Account;
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Islamic Savings Account (with or without interest);
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Islamic Youth Savings Account (with or without interest);
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Investment Certificate.
6 / Financing Products for Individuals
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Murabaha ( cost-plus-sale)Equipment / Online Equipment;
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Murabaha Real Estate;
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Ijara Akaria Mountahia Bitamlik;( Estate leasing leading to ownership)
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Vehicle Murabaha ;
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Essabil;
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Istisna’a “DARI”
5 / Financing Products for Liberal Professions/Traders/Businesses
- Ijara Equipment;
- Murabaha Investment;
- Murabaha Operational;
- Salam;
- Istisna’a “Real Estate Development”
2 / Guarantees by Signature “KAFALA”
- Tender Bond;
- Performance Bond and Guarantee.
Sharia Compliance of Islamic Finance Products
All BNA Islamic Finance products are audited and certified as compliant with Islamic Sharia principles by the Sharia Control Committee of the National Bank of Algeria and by the National Sharia Authority for Fatwas for the Islamic Finance Industry (HCI).
