National Transitional Council leader Mustafa Abdel Jalil and key NTC officials on Sunday insisted Islamic sharia law will prevail in liberated Libya. He also announced the introduction of Islamic banking in Libya in keeping with sharia which prohibits the earning of interest, or riba in Arabic, because it is considered a type of usury.

“There are good intentions to regulate all banking laws. We especially seek to establish Islamic banks that don’t deal with interest and abolish all banking interests in the future according to Islamic tradition,” he said………………………………………Full Article: Source