24.04.2012 - Libyans ‘hoarding $12bln’ pending Shariah banks
Islamic lenders in Libya, where some banks offer Shariah-compliant services, may attract some of the estimated 15bn dinars ($12bn) outside the banking industry, he said. Total commercial banking assets were about 71bn dinars at the end of 2011. The nation, where almost all the 6.7mn people are Muslim, saw its economy shrink 61% last year after an uprising that toppled its ruler of 42 years Muammar Gaddafi...............................................Full Article: Source
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