Gadhafi’s exit to spur Libya’s Shariah banking
It is possible that the departure of Moammar Gadhafi will help Islamic banking in Libya.
It seems that Gadhafi refused to develop the banking industry without having a reason. He was central bank governor before he ran out of Libya.
The regulator gave Doha-based Qatar Islamic Bank the only license to operate a Shariah-compliant bank a month before the start of the fighting.