Libya Business News
Monday, March 8, 2021
  • Security
  • Oil & Gas
  • Industry
  • Politics
  • Construction
  • Finance
  • Tenders
  • Transportation
  • Videos
No Result
View All Result
Libya Business News
  • Security
  • Oil & Gas
  • Industry
  • Politics
  • Construction
  • Finance
  • Tenders
  • Transportation
  • Videos
Libya Business News
No Result
View All Result
Home Banking & Finance

Libya to Issue 3 Islamic Bank Licenses

23rd November 2013
in Banking & Finance
Libya to Issue 3 Islamic Bank Licenses
Share on FacebookShare on Twitter

Libya hopes to have its first three dedicated Islamic banks operating next year to satisfy unmet demand for sharia-complaint financial services, a senior central bank official has said.

Authorities have decided to issue three Islamic banking licenses and the central bank has received five applications from local investors, which are currently being evaluated, said Abdulmajeed Almaguri, deputy director of the central bank’s banking supervision department.

He did not name the potential investors but said the evaluation process would be completed after four to five months.

Currently the 16 banks operating in Libya, including seven foreign banks, offer mainly conventional banking services with some providing interest-free Islamic banking through sharia-compliant windows.

(Source: Al Arabiya News)

(Islamic banking image via Shutterstock)

Tags: Central Bank of LibyaIslamic Banking

Recent News

Possible Reopening of Iraqi Embassy in Libya

Possible Reopening of Iraqi Embassy in Libya

10th February 2021
Central Bank Tender for Repair of Concrete Domes

Libyan Parties Agree on Unified National Budget

9th February 2021
Video: Will Libyan Peace Attempt Succeed?

Video: Will Libyan Peace Attempt Succeed?

9th February 2021

Recent News

Possible Reopening of Iraqi Embassy in Libya

Possible Reopening of Iraqi Embassy in Libya

10th February 2021
Central Bank Tender for Repair of Concrete Domes

Libyan Parties Agree on Unified National Budget

9th February 2021

Categories

  • Security
  • Oil & Gas
  • Industry
  • Politics
  • Construction
  • Finance
  • Tenders
  • Transportation
  • Videos

Menu

  • Home
  • About Us
  • Contact

Join our mailing list!

Sign-up to receive email updates on the latest news and developments.





© 2021 Libya Business News - Your Libyan business news partner

No Result
View All Result
  • Security
  • Oil & Gas
  • Banking & Finance
  • Politics
  • Industry & Trade
  • Construction & Engineering
  • Investment
  • Tenders
  • Transportation
  • Videos
  • Contact Us

© 2021 Libya Business News - Your Libyan business news partner

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “I Agree”, you consent to the use of ALL the cookies.