2022-06-06

Added · Updated

Law No. 46 of 2012 Amending Law No. 1 of 2005 Regarding Banks and Adding a Special Chapter for Islamic Banking

The national banking regulator issued this legislation to amend the foundational 2002 Banking Law and integrate a comprehensive regulatory framework for Islamic banking. The law mandates strict capital adequacy, liquidity, and corporate governance standards for all commercial banks while introducing Sharia-compliant financial products and profit-sharing mechanisms. It further empowers the central bank with enhanced supervisory authorities, including mandatory reporting, inspection rights, and penalty imposition to ensure systemic financial stability.

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Central Bank of Libya Banking L…2022Central Bank of Libya Banking Law No. 1 of 2005 (Amended by Law No. 46 of 2012) (2022-06-06)Law No. 64 of 2015Law No. 64 of 2015Law No. 46 of 2012 AmendingLaw No. 1 of 2005 Regarding B…2022-06-06 · this documentLaw No. 46 of 2012 Amending Law No. 1 of 2005 Regarding Banks and Adding a Special Chapter for Islamic Banking (2022-06-06)
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Source: Central Bank of Libya — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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Topics
capital
governance
islamic-finance