No Result
View All Result
Monday, May 4, 2026
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Libya

IS closes banks in Sirte; orders them to change to Sharia banking

byMichel Cousins
September 13, 2015
Reading Time: 1 min read
A A

By Libya Herald reporter.

Tripoli, 13 September 2015:

A source in Sirte has told the Libya Herald that the Islamic State (IS) forces . . .[restrict]in the town had not taken over and looted the Central Bank, as widely reported earlier.

What happened, according to the source, was that on Thursday, IS went to all banks in the town and closed them. They ordered all staff to turn up to the main mosque on Friday after evening prayer to repent for having being involved in dealing with interest (usury or riba) and ask for forgiveness.  Most went.

The banks must change to Islamic banking, IS has demanded. When they have made the change, they can re-open, the source said.

RELATED POSTS

Libyan Export Development Authority calls for Gulf of Sirte to be assigned as an international nature reserve

NDA’s 350-hectare Sirte Agricultural Project No. 87 reaches 80% completion – supporting food security and reducing dependence on imports

In any event, taking over the Central Bank in Sirte would be little more than a symbolic gesture. No money has been transferred to Sirte for many months. There is said to be almost no money held in the other banks either. [/restrict]

Tags: Islamic StateLibyaSirte

Related Posts

Italy agrees long term programme of implementing children’s heart surgery across Libya
Libya

Second phase of the TAVI operations localization project for 2026 announced

May 4, 2026
PM Aldabaiba inaugurates 6th African Construction & Equipment Exhibition -with several international participants
Business

PM Aldabaiba inaugurates 6th African Construction & Equipment Exhibition -with several international participants

May 3, 2026
Fierce overnight militia clashes in Surman – unconfirmed deaths reported by media
Libya

Fierce overnight militia clashes in Surman – unconfirmed deaths reported by media

May 2, 2026
Boeing signs a strategic agreement with Libya to modernize its civil aviation
Business

Boeing signs a strategic agreement with Libya to modernize its civil aviation

May 2, 2026
National Development Agency signs contract for National Food Sovereignty Project – 1,000 Centre Pivot Irrigation Circuits
Business

National Development Agency signs contract for National Food Sovereignty Project – 1,000 Centre Pivot Irrigation Circuits

May 1, 2026
German embassy to return majority of its Libya staff to Tripoli
Libya

German Embassy and representatives of German companies operating in Libya discuss Tripoli’s 19 May Libyan-German Economic Forum

April 30, 2026
Next Post

Tripoli court adjourns Saadi footballer case again

One Libyan dead in Mecca Grand Mosque disaster

One Libyan dead in Mecca Grand Mosque disaster

Top Stories

  • Chevron and Libya’s National Oil Corporation sign MoU to evaluate shale oil and gas resources – estimated at 18 billion barrels and 123 trillion cft

    Chevron and Libya’s National Oil Corporation sign MoU to evaluate shale oil and gas resources – estimated at 18 billion barrels and 123 trillion cft

    0 shares
    Share 0 Tweet 0
  • Boeing signs a strategic agreement with Libya to modernize its civil aviation

    0 shares
    Share 0 Tweet 0
  • CBL loosens foreign currency controls – including permitting cash dollar deposits and transfer

    0 shares
    Share 0 Tweet 0
  • US sells US$ 95 million worth of border security equipment to Tunisia – can a similar deal between the EU or the US be struck with Libya?

    0 shares
    Share 0 Tweet 0
  • MedSky confirms start of direct Dusseldorf flights from 17 May

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

Second phase of the TAVI operations localization project for 2026 announced

Minister of Economy approves another set of decisions regarding foreign and Joint Venture companies to support Libya’s investment climate

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.