Algiers Stock Exchange lists sovereign sukuk worth 137.4 billion dinars
The Algiers Stock Exchange has officially listed "Ijarah" sovereign sukuk issued by the Public Treasury, valued at 137.4 billion dinars. This move accounts for part of a total issuance of 296.6 billion dinars, with the remaining 159.2 billion subscribed in physical form at an annual rental rate of 6 percent. This initiative aims to bolster Islamic finance instruments within the Algerian market and diversify national funding sources. Initially launched in January 2026, these sukuk are intended to finance major public projects, specifically in infrastructure, facilities, and public services, as part of efforts to modernize the national financial system.
