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February 22, 2026 | 2 months ago

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BDL launches a special Ramadan offer

BDL is launching a special Ramadan offer with a 50% discount on its Islamic finance consumer loans.

Algeria Invest
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On Saturday, the Local Development Bank (BDL) announced an exceptional 50% discount on the profit margin for Islamic finance consumer loans, intended for the purchase of a wide range of household appliances and electronic equipment during Ramadan.

These loans, which fall under the "Mourabaha Consumption" formula, benefit from a 50% reduction in the profit margin, which drops from 8.5% to 4.25%, allowing citizens to finance their projects on more favourable terms. This initiative is being launched for the second consecutive year.

The amount of financing can vary from 50,000 DA to 1,000,000 DA and cover up to 100% of the property's value, including tax, with flexible repayment terms ranging from 3 to 36 months, the bank explains.

A formula that complies with the principles of Islamic finance

This loan allows the purchase of a wide range of household equipment: electrical appliances (refrigerators, air conditioners, washing machines, cookers), electronic and computer equipment, and various domestic appliances. The BDL invites citizens to visit its branches to benefit from secure, flexible and economical financing.

According to the BDL, Murabaha Consumption is a financing formula that complies with Islamic principles, based on transparency and clarity of terms and conditions. It is an advantageous and accessible financing solution.

February 22, 2026 | algeria-logo

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