Central Bank announces subscription details for Absolute Mudarabah Certificates
The Central Bank of Libya has announced an invitation to commercial banks to subscribe to issuance No. (21-2026) of deposit certificates, with nominal values of up to 10,000 Libyan dinars per certificate. These certificates are divided into three categories with durations of 91, 182, and 365 days, with maturity dates in October 2026, January 2027, and July 2027, respectively. The banks expect the annual profit margin to be between 5.5% and 7.5%, with an income distribution of 99.75% to the subscribing bank and 0.25% to the Central Bank of Libya. This initiative is part of liquidity management tools and supports Islamic financing.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)