A recently launched “halal” auto loan offered by the Banque Nationale d’Algérie (BNA) has generated significant social media attention in Algeria. The loan product aims to assist citizens in purchasing new vehicles produced or assembled locally. However, the BNA has clarified that there is currently no available stock of vehicles to finance through this scheme. This announcement comes as the automotive market in Algeria has been stalled for several months. The lack of vehicle availability hinders the immediate impact of the new financing option. The news was first reported by TSA, an Algerian news source.