Tag Archives | Islamic Banking

Libyan Islamic banking law seen in March

Libyan central bank may finalise Islamic finance regulations by March, in what would be the first major step towards introducing sharia-compliant banking in the country. The bank’s deputy governor, Ali Mohammed Salem, also told Reuters in an interview on Tuesday the exchange rate of the Libyan dinar would be fixed for up to three years, […]

Arab Spring’s business mode

Regime change in Tunisia, Egypt and Libya is already celebrated in the West as a crucial step towards political freedom. Elections aim to lay the foundation for the democratisation of the region. The logical assumption is that the ongoing political reform process will fundamentally change the face of the Arab World. These developments, however, are […]

Experts eye impact of Sharia law on Maltese business with Libya

It is too early to determine the implications of Libya’s plans for an Islamic banking structure for Maltese firms operating there, but they will certainly have to heighten their cultural awareness, Islamic finance expert Reuben Buttigieg told The Times Business. Declaring Libya liberated on Sunday, three days after the death of Colonel Muammar Gaddafi, transitional […]