Regulatory Alerts2023-07-12
Circular No. (2017/8) - Conditions for Registration in the Register of Sharia Supervisors at the Sharia Supervision Authority and Financial Institutions
The Central Bank of Libya issued Circular No. (2017/8) to establish the mandatory conditions and procedures for registering Sharia supervisors with the Sharia Supervision Authority and licensed financial institutions. The directive implements Law No. (1) of 2005 and Circular No. (46) of 2012, requiring all relevant banking and financial entities to comply with the specified qualification and registration standards. The circular mandates that these provisions take effect six months from the date of publication and applies to the Bank's General Inspectors, Administrative Committee Heads, and affiliated financial service companies.
CENTRAL BANK OF LIBYA P.O. Box 1103 - Tripoli - LIBYA REFERENCE: 804 / CBL
CIRCULAR No. (2017/8) Date: 6 Rajab 1438 AH Issued: 3 April 2017
To: General Inspectors at the Bank To: Heads of Administrative Committees at the Bank To: Director General - The Bank, To: Director General - Maaref Financial Services Company.
Greetings:
Subject: Conditions for Registration in the Register of Sharia Supervisors at the Sharia Supervision Authority and Financial Institutions.
Pursuant to the provisions of Law No. (1) of 2005, and the Banking Law on the Central Bank of Libya, and Circular No. (46) of 2012 on the Central Bank of Libya, and in implementation of the Central Bank of Libya, and pursuant to Circular 804 / CBL
CENTRAL BANK OF LIBYA P.O. Box 1103 - Tripoli - LIBYA REFERENCE: 804 / CBL
CIRCULAR No. (2017/8) Date: 6 Rajab 1438 AH Issued: 3 April 2017
To: General Inspectors at the Bank To: Heads of Administrative Committees, To: General Inspectors at the Sharia Supervision Authority and the list of requirements, Supervision and the formal | تَوَم شرّة مُعَمِيْ 1005 To: Heads of Administrative Committees, To: General Inspectors, To: Supervision and the Supervision Islamic finance institutions. Supervision Islamic finance institution. To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To: Heads of Administrative Committees, To......{