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Islamic finance

  • Banking services

Islamic financing and investment

There is a diverse range of financing services available for individuals and companies whose objectives are compatible with the provisions of Islamic Sharia.

For example, we are proud to be the first banking institution in the Libyan market to offer diverse Islamic financing options, including Salam (forward sale), Sharif (cost-plus financing), Istisna’ (manufacturing contract), and Ijarah Muntahia Bittamleek (lease-to-own).

Individual financing includes the following:

  • Islamic Murabaha Sale
  • Lease of benefits – Service of benefit

Convenient installments

The bank offers convenient installment plans for purchasing cars through Murabaha, and the service will soon be expanded to include home appliances, electronics, mobile phones, and building materials.

Utility service

A financing program from the Libyan Islamic Bank allows immediate access to services such as travel, education, and healthcare, with convenient monthly installments without paying the full amount upfront.

Leasing of benefits

A financing service for individuals (Ijarah Nafa'a) where the Libyan Islamic Bank purchases services and benefits from their providers and then sells them to its clients.

  • Frequently Asked Questions

FAQ

Answers to the most frequently asked questions to help you quickly get the information you need.

 

Do you have any other questions?

Contact us on customer support number 1540

The Easy Installment Plan is a financing option offered by the Libyan Islamic Bank.

  • Official letter from the company – requesting account opening and specifying the authorized signatory.
  • Copy of the Articles of Association + amendments.
  • Copy of the Incorporation Contract + amendments.
  • Copy of the founding General Assembly meeting minutes.
  • Copy of the valid Commercial Register.
  • Copy of the valid Commercial License.
  • Copy of the Importers’ Registration Certificate (for importing companies).
  • Copy of the company’s Statistical Code Card.
  • Copy of the Industrial License (for factories and industrial companies).
  • Copy of the National ID + Passport + Personal ID of the authorized signatories for the account.
  • Copy of the National ID + Passport + Personal ID of the Chairman of the Board and members.
  • One personal photo of each authorized signatory.
  • Filling out the account opening file + signature card.
  • Certified true copies of documents by the contract issuer.

Opening a Current Account at the Libyan Islamic Bank
Required Documents to Obtain a MasterCard:

A copy of the passport.

Certified national ID number.

The MasterCard application form available here: https://bit.ly/3nxSJpZ

For the best loan

The Libyan Islamic Bank offers interest-free loans (Qard Hasan) as a Sharia-compliant financing solution. This type of financing aims to support individuals and businesses in achieving their financial goals without incurring any additional costs or interest. Benefit from Qard Hasan to cover your urgent needs or support your business project securely and transparently.

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