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Tripoli, 26 August:
The Central Bank of Libya is holding today, Sunday, a Islamic banking workshop to look into ways of financing . . .[restrict]small and medium sized enterprises (SMEs) within the Libyan market and to coordinate efforts in order to provide job opportunities for Libyans from all backgrounds.
According to the bank, the workshop will provide an opportunity for participants to exchange experiences and information about themes tackled in the workshop and will be a positive step prior to an upcoming visit of a delegation from the Islamic Development Bank to Libya.
The aim of the workshop is to establish the basis for effective and workable strategic partnerships between stakeholders, (such as commercial banks dealing with Islamic financing, government agencies and departments and non-governmental organisations) and the Islamic Development Banking Group. These would cover several different areas and would be managed and financed according to Sharia practice.
There will be several sessions in today’s workshop, including a brief introduction to the work of the Islamic Development Bank.
The workshop will also try to identify various bodies and relevant parties to fund SME projects and who are willing to participate in this field. The workshop will help determine the needs of the Libyan market, the size and type of demand and visualise preliminary courses and training programmes needed for the establishment of SMEs.
The Central Bank plans to hold a series of meetings and activities in the field of Islamic banking. [/restrict]
