CBL first 2025 issue Certificates of Deposit achieve a 10.87 percent return – exceeding expectations
Feb 13 Sami Zaptia

CBL first 2025 issue Certificates of Deposit achieve a 10.87 percent return – exceeding expectations

The Central Bank of Libya (CBL) announced yesterday that the profits achieved from investment and speculation in the ‘‘Absolute Speculative’’ Mudaraba...

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Grand Mufti raises objections to CBL’s supposedly Islamic – Sharia compliant certificates of deposit
Oct 12 Sami Zaptia

Grand Mufti raises objections to CBL’s supposedly Islamic – Sharia compliant certificates of deposit

Libya's Grand Mufti, Sheikh Al-Sadeg Al-Ghiriani said that the ‘‘Absolute Speculative’’ (referred to as Mudaraba in Islamic - Sharia) certificates of...

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CBL announces that first ‘‘Absolute Speculative’’ Certificates of Deposit will be issued to banks from 12 October
Oct 8 Sami Zaptia

CBL announces that first ‘‘Absolute Speculative’’ Certificates of Deposit will be issued to banks from 12 October

The Central Bank of Libya (CBL) announced today that its planned ‘‘Absolute Speculative (Mudaraba)’’ Certificates of Deposit will be issued to banks f...

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