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Libya’s central bank plans law to allow Islamic bond sales: Arab Credit

Posted on 02 November 2011

Libya’s central bank is preparing a law to allow lenders and issuers to sell Islamic bonds as part of its efforts to develop banking services after the fall of Muammar Qaddafi.
The regulator has formed a committee with the country’s banks to prepare the law, Ezzedin Ashur, deputy director of research and statistics at the Tripoli-based central bank, said in a telephone interview yesterday. Libya has 15 banks, all of which have Shariah-compliant “windows,” he said………………………………………..Full Article: Source

 
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