Libya to Issue Islamic Banking Licences

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)

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