المستخلص: |
Our objective from this paper, is to measure the ability of the islamic financial institutions to integrate the parallel market’s economies into the banking system, as a tool to rebalance the balance sheet, and solve the deficit crisis of the national treasury, which is expected to rise to 3264.42 billion da representing 17.6% of the GDP, who led the government to the unconventional financing as a first primary solutions, from 2017 to 2019 after the run-out of the national monetary reserves, like the revenue regulation fund, and the drop of the national total revenue by 43%, and the exchange reserve by 79.2%, and it’s expected to opt to another techniques like the credit easing with the use of the articles 53 of the money and credit law, and the 17-03 regulation of the monetary policy and it’s tools and process. The central bank issued the 20-02 regulation that recognize the Islamic finance, followed by the 2020-03 instructions defining and fixing the modalities of its implementation, to achieve that goal, but measuring the response of the agents of the parallel market, before and after the regulation, they collect around 6,3% of the size of the market from 2014 to 2018, and 1.63% one year after, we realise that this institutions actually are not capable for been major solution to the crisis, from their contributions to the budget with only 6,8 billion dinars as taxes from 2014 to 2018, far from the contributions of the traditional banks in Algeria. This poor reaction is actually due to the poor study of the nature of of the parallel market who doesn’t want to inject its economies into the banking system for lucrative reasons.
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