Libyan Islamic Bank LIB المصرف الإسلامي الليبي

Libyan Islamic Bank (LIB) is a leading financial institution dedicated to providing comprehensive Islamic banking services. Adhering strictly to Sharia principles and current regulations, Libyan Islamic Bank operates on financial and investment intermediation, accepting deposits and investing funds in various sales, financing, and investment fields, both monetary and in-kind. These activities are structured as partnerships or speculative ventures, offering a wide range of banking services to achieve substantial economic and social value. The primary address of Libyan Islamic Bank is Abu Milyanah main St, Tripoli, tripoli's center governance 0021821, LY.

Libyan Islamic Bank is committed to upholding the highest standards of Sharia-compliant financial practices, as approved by its Sharia Supervisory Board. This dedication aligns with the legislative mandates following the 2012 banking law amendment and the subsequent 2013 law prohibiting interest-based transactions. Guided by the belief that Islamic banking offers a complete alternative to traditional banking, Libyan Islamic Bank harmonizes with the Arab-Islamic culture of the Libyan people, who seek financial dealings free from usury while benefiting from comprehensive banking and investment services under Sharia law.

Established by a distinguished group of Libyan business leaders, citizens, and banking professionals, Libyan Islamic Bank operates as a Libyan joint stock company. It is committed to practicing Islamic banking activities in all its forms, instruments, and products. Operating under the provisions of Law No. 1 of 2005 concerning banks, as amended by Law No. 46 of 2012, Libyan Islamic Bank adheres to all regulations, decisions, and instructions issued accordingly, ensuring full compliance with Sharia principles and the laws governing commercial activities and civil matters. Libyan Islamic Bank is always seeking new opportunities for growth and development.

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