Dar Al-Ifta clarifies position on $2000 transfer
The Board of Research and Islamic Studies affiliated with the Libyan House of Fatwa renewed its confirmation of the prohibition of dealing with $2,000, despite the statement issued by the Central Authority for Sharia Supervision affiliated with the Central Bank of Libya on September 20, 2026. The Council stated that its position has not changed and that it had previously expressed its opinion on the matter clearly. It also noted that the bank's statement is a repetition of its previous stance. This comes in conjunction with the bank's clarification of the Authority's position regarding personal transactions of $2,000 and absolute mudarabah deposit certificates, emphasizing that the authorities' decisions are binding on the Sharia supervisory bodies within Libyan banks and Islamic financial institutions.
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