The application of Islamic accounting standards in Islamic financial institutions in Algeria

Abstract

This study aims to introduce the important role of the International Standards of Islamic
Accounting issued by the "Al-Youfi" organization on the international level, and the extent of the
response of the major Islamic financial institutions by adopting them as a means to address their
financial products. In addition to highlighting the reasons for the failure to adopt these standards by
Islamic financial institutions in Algeria, and the possibility of their adoption in the futur.
The study concluded that the most important impediment to Algeria in adopting Islamic
accounting standards is the lack of an integrated fabric of Islamic financial institutions.