Developing Mechanism to Regulate Partnership Financing: Experience of the Republic of Algeria
https://doi.org/10.21686/2413-2829-2025-5-128-139
Abstract
The article analyses current trends in development of finance market and banking system of Algeria. The experience of regulating partnership financing in the Republic of Algeria was studied, on the basis of which a conclusion was made about shortcomings of the legal and regulatory framework that hinders legalization of respective finance instruments. Special attention was paid to methodological and practical aspects in regulation of the banking sector. In spite of the fact that introduction of partnership financing could provide new opportunities for economy in Algeria, the authors showed that further development of the banking system and finance market of the country depends on adaptation to international standards, strengthening the regulatory base and improvement of finance literacy of the population. With effective macro-prudential regulation Algeria can take an important place in the regional system of Islamic finance and promote sustainable growth in national economy.
About the Authors
S. S. Galasova
North Ossetian state University named after Kosta Levanovich Khetagurov
Russian Federation
Russian Federation
Svetlana S. Galasova, Doctor of Economics, Professor, Professor of the Department
Department for Economics
362025; 44-46 Vatutin Str.; Vladikavkaz
L. R. Magomaeva
Millionshchikov Grozny State Oil Technical University
Russian Federation
Russian Federation
Leila R. Magomaeva, Doctor of Economics, Associate Professor, Director of the Institute
Institute of Digital Economy and Technological Entrepreneurship
364051; 100 Huseyn Abubakarovich Isaev Avenue; Grozny
O. M. Razina
Institute of Social Sciences
Russian Federation
Russian Federation
Olga M. Razina, PhD, Associate Professor
Department of Economics, Management, and Business Informatics
105005; building 1, 20 Radio Str.; Moscow
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Review
For citations:
Galasova S.S., Magomaeva L.R., Razina O.M. Developing Mechanism to Regulate Partnership Financing: Experience of the Republic of Algeria. Vestnik of the Plekhanov Russian University of Economics. 2025;(5):128-139. (In Russ.) https://doi.org/10.21686/2413-2829-2025-5-128-139
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