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Home Banking & Finance

Libya to Issue Islamic Banking Licences

4th March 2013
in Banking & Finance
Libya to Issue Islamic Banking Licences
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The governor of Libya’s central bank has said the Libyan government will soon be ready to issue licences for Islamic banks.

Saddek Omar Elkaber said:

"There’s a plan to issue three licenses for Islamic banks. Some conventional banks now have Islamic windows but there is a huge need for Islamic products. We’re still in the brainstorming stage and will be ready soon."

(Source: Reuters)

Tags: Central Bank of LibyaIslamic Banking

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