Role of Law in the Development of Islamic Financial Technology and Its Impact on Development Financing in Algeria

Abstract

Islamic financial technology represents an emerging sector that combines digital innovation with adherence to the principles of Sharia. In this context, the role of law becomes central in achieving a balance between the two. This raises the following question: To what extent does the legal framework contribute to the development of Islamic financial technology that ensures compliance with Sharia principles and strengthens its role as an effective financing mechanism for development in Algeria? The importance of this study lies in highlighting the pivotal role of law. The study ultimately concludes that a legal framework consistent with the principles of Islamic Sharia is an essential condition for development.