IslamicFinance.de

The Libyan Stock Market has signed a multi-faceted memorandum of understanding (MoU) with global Shariah advisory firm, Amanie Advisors, to help Libya’s efforts to expand the role of Islamic finance in its economy. The comprehensive MoU sets out a clear roadmap for research into the areas of growth for Islamic Finance within Libya, Islamic Finance training and a joint agreement on conducting market research that aims to devise the proper development model for Islamic Finance with Libya. Amanie will also provide Shariah consultancy services to the relevant authority with respect to drafting relevant guidelines and regulations for their major Islamic capital markets initiative. With training a key challenge for Islamic banks, Amanie will provide in-depth guidance and training to the relevant agencies within Libya.