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Major Libyan bank fully integrates into Islamic banking system

Posted on 14 May 2013

Libya’s second major bank Gumhouria Bank, decided to fully move over to the Islamic banking system, Al Jazeera TV channel reported on Wednesday.
According to the report, the bank plans to completely switch to the Islamic banking system within two years, as well as transfer all its branches to the new system. As the TV channel reported, Libya’s goal is to turn the country into the centre of Islamic banking for African countries, particularly in the Muslim and Arab ones………………………………………..Full Article: Source

 
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