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ISIS forbids interest-based banking in Libya

September 17, 2015

Islamic State operatives in Sirte, Libya, have ordered banks there to close because they profit from charging interest.  ISIS told the banks that they “must change to Islamic banking” before they can reopen.  If you know somebody who still doubts the connections between sharia-compliant banking and terrorism, please forward them this article from the Libya Herald (h/t @moscow_ghost):

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

By Libya Herald reporter.

Tripoli, 13 September 2015:

A source in Sirte has told the Libya Herald that the Islamic State (IS) forces 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…

2 comments

  1. […] By: MoneyJihad.wordpress.com […]



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