By Naam Alkhosi.
Tripoli, 23 June 2014:
The Libyan Academy for Higher Education in Misrata, in cooperation with the Libyan Islamic Financial Association, ran . . .[restrict]an Investment and Funding forum today in Misrata.
The event focused on Sharia-compliant funding for Small and Medium Projects, the various Islamic funding and investment instruments, Islamic banking as an alternative to traditional banking, and “Pricing and Profits: Calculating Risk”.
It was sponsored by the Misrata Chamber of Commerce, Industry and Agriculture, the Libyan Business Council and the Libyan Industrial Union.
Directly following the four planned sessions, Kour said, organisers facilitated an open discussion for all present with the goal of identifying and overcoming barriers to real estate funding, as well as start-up funding for new businesses and industrial projects.
“Funding for housing is an important issue for both the young and the old,” explained Ezzedin El Kour, the head of Funding and Banks Department at the Academy.
“We wanted to know why real estate funding is so difficult to obtain and what we could do to eliminate this problem.”
Kour expressed the hope that the country’s new lawmakers would be persuaded to change the laws surrounding real estate and start-up funding in the near future, thereby making it easier for potential home and small/medium business owners to gain funding. [/restrict]