Islamic Digital Bank and Economic Reforms: Case Study of the Islamic Digital Bank

Abstract

In this research paper, we will shed light on the Islamic digital bank and the requirements for its establishment. The current economic take-off and the information revolution have prompted the emergence of digital banks, but they have faced legislative challenges that accompany this type of bank in some countries due to the weakness of the technological factor and the lack of digital infrastructure. In this paper, we will also discuss the environment of the digital banking system in Algeria in light of the recent economic reforms, which led to the emergence of Islamic banking; which facilitated banking procedures, but the introduction of digitization in Algerian Islamic banks has enhanced the effectiveness of banking operations. Through this, we will try to address the reality of the Algerian Islamic digital bank in light of the economic reforms to complete banking operations digitally.