El-Baraka is thus the only joint bank with state and private investors. It is also the only bank that is based on Islamic banking and the Muslim rules of the Charia. But these modifications are effective only now. Specialists who analyzed the modifications, say that Foreign banks and investors are to benefit from a less rigid system of dividend and fund transfers out of Algeria. Foreign investment banks, investment funds, and non residents interested in acquiring stakes in companies listed in the Algiers Stock Exchange will no longer have to report their foreign currency movement in and out of Algeria to the Central Bank as it used to be the case in the former regime.
Banks can now handle freely such transfers on behalf of investors.