The Central Bank And Its Proposed Monetary Policy Tools After Algeria's Opening Up To Islamic Banking

Résumé: This research aims to shed light on the work of the Central Bank and monetary policy tools proposed by the researcher after the the openness that Algeria witnessed to Islamic banking, which is due to the issuance of Regulation 20-02 dated 15 March 2020 for banking operations related to Islamic banking, and this is for the purpose of avoiding Islamic banks and Islamic banking windows to avoid dealing with the interest method in their relationship with the Central Bank (Bank of Algeria) and in their application of quantitative and qualitative tools of conventional monetary policy. This research relied on a descriptive and analytical approach, through which we were able to present a conceptualisation of the mechanisms of a comprehensive central bank with scientific alternatives to quantitative monetary policy tools. Scientific alternatives to quantitative and qualitative monetary policy tools that prohibit usurypreventing the creation of money and achieving sustainable development.

Publié dans la revue: مجلة قضايا فقهية واقتصادية معاصر