The Second Finance and Investment Forum was held in the conference hall of the Libyan Iron and Steel Company (LISCO) in Misrata on Saturday under the title “Investment Sukuk (bonds) and their Role in Achieving Economic Development”.
The event was organized by the Libyan Academy for Graduate Studies, Misrata Branch, and sponsored by Misrata Free Zone.
Sukuk is the Arabic name for financial certificates, also commonly referred to as “sharia compliant” bonds. Sukuk are defined by the AAOIFI as “securities of equal denomination representing individual ownership interests in a portfolio of eligible existing or future assets.
The organisers reported that the forum dealt with models and tools for financing investments, and opened the door for an interactive discussion by the attendees on the latest developments related to financing and investing in sukuk.