Hay Andalus Municipality and Jumhouria bank discuss Islamic loans for domestic solar systems

By Sami Zaptia.

London, 14 September 2020:

  • Municipality leads the way to solar power use
  • Seeks Islamic/ Murabaha loans for purchase of domestic solar systems
  • Jumhouria bank has specialized Islamic/ Murabaha Department
  • Jumhouria bank is a state bank and Libya’s largest bank
  • Beginnings of cultural change towards solar power use
  • Central government not taking lead
  • Crippling and continuous power cuts over last 9 years
  • Power cuts forcing cultural change towards solar use
  • Hay Al-Andalus is experimenting . . .

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