Tagged: Central Bank of Libya

Libya: regulation of the financial services sector

Libya: regulation of the financial services sector

The Libyan General National Congress (GNC) looks to amend regulations of the financial services sector and to introduce Islamic financing into Libya for the first time. Currently there are a number of discrepancies between a new law about Islamic finan…

The Central Bank and Islamic banking plans

The Central Bank and Islamic banking plans

Central Bank of Libya’s work on plans for the introduction of Sharia-compliant banking in the country’s financial sector go on. According to Fatih Aqoub, a consultant engaged on the bank’s project, rapid progress has already been made. Since January a …