Tag Archives | Sahara Bank

EU supports SMEs through Libyan Banks

EU supports small and medium-sized enterprises through Libyan banks Within the EU4PSL project, a meeting was held on 20 December to establish founding units to support SMEs through Libyan banks. It took place at Expertise France office in Tunisia, in the presence of Dr. Mukhtar Al-Tawil, director of banking supervision, and representatives of Libyan banks: […]

Jumhouria Bank on Mortgages and SME Loans

By Osama Humaydan. In the recent speech, Mr. Akkari, chairman of Jumhouria Bank, the largest bank in Libya, noted that the upcoming period will witness major developments by the Central Bank of Libya. These developments are related to new products and services, and, most importantly, to housing loans, which will be given out to those […]

Employees Protest for Sharia Banking

A number of employees at a branch of Sahara Bank in Benghazi have held a demonstration outside the bank to protest against its use of interest. They demanded that the bank start using Sharia-compliant banking methods. According to the Libya Herald, none of Libya’s major banks are Sharia-compliant, but the Governor of the Central Bank, […]