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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