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Libya Aims to Issue Three Islamic Bank Licenses in 2014

Libya hopes to have its first three dedicated Islamic banks operating next year to satisfy unmet demand for sharia-complaint financial services, a senior central bank official said on Wednesday. Under former dictator Muammar Qaddafi, overthrown in 2011, the growth of Islamic banking was not encouraged and the entire financial system…

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Click here to read the full story: Al Arabiya

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