Exclusive: Central Bank of Libya Invites Banks to Subscribe to First Issuance of Absolute Murabaha Deposit Certificates Worth LYD 5 Billion

Our source obtained a letter from the Central Bank of Libya inviting commercial banks to subscribe to the first issuance of Absolute Murabaha Deposit Certificates, to be issued according to the periods and maturity dates detailed in the attached subscription announcement for each type. The first issuance will take place on Sunday, November 2, 2025, with a total value of LYD 5 billion, following the subscription procedures and regulations.

Among the requirements, commercial banks must accept subscription requests from their clients in accordance with the instructions issued by the Central Bank of Libya. Banks are also required to fill out subscription forms based on their clients’ requests and submit them to the Central Bank’s Accounts Department from the announcement date until October 30, 2025. The forms must include the types of certificates being subscribed to and the value of each, with subscriptions starting from LYD 1 million and its multiples.

Additionally, to participate in the subscription process, commercial banks must sign a subscription contract for Absolute Murabaha Deposit Certificates between the bank’s general manager and the Central Bank of Libya during the subscription period. Signing this contract is mandatory for participation in the issuance.

Subscriptions will close at 12:00 PM on Thursday, October 30, 2025. Subscription amounts will be directly deducted from commercial banks’ current accounts at the Central Bank under the signed contract. The subscription is open only to individuals and private sector companies.

After the issuance date, subscription confirmation messages will be sent to commercial banks, detailing the actual subscribed amounts, the types of certificates, and their maturity dates.

This comes in reference to the Central Bank of Libya Board of Directors’ Resolution No. (9) of 2024 regarding the launch of Absolute Murabaha Deposit Certificates, and the Circular No. 28/2025 issued by the Banking and Currency Control Department on September 25, 2025, announcing the offering of Absolute Murabaha Deposit Certificates totaling LYD 15 billion from October 2025 to December 31, 2025.