The Central Bank of Libya has unveiled a new issue of absolute Mudaraba certificates of deposit, with a total value of 15 billion dinars, set to run from October through December 31, 2025.
The bank announced that investment account holders can expect an annual return of 6.5%, while banks subscribing to the certificates are projected to earn 7.5% per year.
In an official statement, the Central Bank said the initiative is designed to provide citizens with a safe, Sharia-compliant avenue to invest their savings. The offering also aims to protect the purchasing power of the Libyan dinar by channeling excess liquidity into regulated financial instruments and enhancing the efficiency of banking operations.
“By directing funds into these certificates, we not only provide a secure investment for the public but also strengthen banking tools and enable financial institutions to deploy liquidity more effectively,” the statement read.
Under Regulatory Circular No. 28/2025, the minimum subscription for the certificates is set at 10,000 Libyan dinars, with no upper limit on the number of certificates an individual or institution can purchase.
Profits will be distributed based on the returns generated from the Central Bank’s investment pool, which operates under the bank’s direct supervision.
The Mudaraba certificates are part of the Central Bank’s ongoing efforts to offer Sharia-compliant financial products and attract both private and institutional investors to regulated channels. Analysts note that such instruments could help stabilize the local currency and improve public confidence in Libya’s banking sector.
The initiative comes amid broader economic reforms in Libya aimed at modernizing financial instruments, mobilizing domestic savings, and supporting the liquidity management of commercial banks in the country.
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