Tripoli: The “Islamic Banking in Libya: Between Reality and Areas of Development” conference commenced this morning in Tripoli, drawing a diverse group of attendees including academics, bankers, experts, and legislators. The event is sponsored by the Libyan Authority for Scientific Research.
According to Libyan News Agency, several speeches during the conference highlighted the significance of the event and its potential impact on shaping Libya’s future economic and financial policies. Participants urged the Authority to back research endeavors that foster economic and financial progression in the nation.
This two-day conference is focused on evaluating existing systems and legislation, sharing experiences, and discussing the current state of Islamic banking in Libya. It aims to analyze the challenges and opportunities in the sector, as well as its feasibility for a transition to an Islamic banking system. Additionally, the conference will delve into the role of innovation and financial technology (FinTech) in the advancement of Islamic banking services.