{"id":254086,"date":"2025-06-23T18:48:52","date_gmt":"2025-06-23T16:48:52","guid":{"rendered":"https:\/\/sada.ly\/en\/?p=254086"},"modified":"2025-06-24T18:55:34","modified_gmt":"2025-06-24T16:55:34","slug":"exclusive-central-bank-warns-libyan-islamic-bank-over-unlawful-fee-deductions-exceeding-419000-lyd","status":"publish","type":"post","link":"https:\/\/sada.ly\/en\/exclusive-central-bank-warns-libyan-islamic-bank-over-unlawful-fee-deductions-exceeding-419000-lyd\/","title":{"rendered":"Exclusive: Central Bank Warns Libyan Islamic Bank Over Unlawful Fee Deductions Exceeding 419,000 LYD"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Our source exclusively has obtained a letter from the <strong>Central Bank of Libya<\/strong> addressed to the <strong>Libyan Islamic Bank<\/strong>, instructing the bank to <strong>refund fees<\/strong> it had deducted from customers, amounting to over <strong>419,000 Libyan dinars<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The directive follows the findings of an inspection conducted on the bank, which revealed <strong>violations of the Central Bank\u2019s regulations<\/strong>\u2014specifically, <strong>Circular No. 1 of 2019<\/strong>. The bank was found to have <strong>imposed a 5 LYD fee<\/strong> for each cash withdrawal made using the bank\u2019s card at <strong>ATM machines<\/strong>, which goes against the stated regulations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Central Bank stressed the importance of <strong>adhering strictly<\/strong> to its issued instructions and called on the Libyan Islamic Bank to <strong>reimburse the deducted amounts<\/strong>\u2014a total of <strong>419,587.00 LYD<\/strong>\u2014to its customers during the <strong>year 2025<\/strong>, as these fees were collected in <strong>violation of the aforementioned circular<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"1024\" src=\"https:\/\/sada.ly\/en\/contents\/uploads\/sites\/2\/2025\/06\/image-1.png\" alt=\"\" class=\"wp-image-254088\" srcset=\"https:\/\/sada.ly\/en\/contents\/uploads\/sites\/2\/2025\/06\/image-1.png 750w, https:\/\/sada.ly\/en\/contents\/uploads\/sites\/2\/2025\/06\/image-1-703x960.png 703w, https:\/\/sada.ly\/en\/contents\/uploads\/sites\/2\/2025\/06\/image-1-220x300.png 220w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Our source exclusively has obtained a letter from the Central Bank of Libya addressed to the Libyan Islamic Bank, instructing the bank to refund fees it had deducted from customers, amounting to over 419,000 Libyan dinars. The directive follows the findings of an inspection conducted on the bank, which revealed violations of the Central Bank\u2019s [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":254089,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[628,613,997],"class_list":["post-254086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-central-bank","tag-libya","tag-libyan-islamic-bank"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Exclusive: Central Bank Warns Libyan Islamic Bank Over Unlawful Fee Deductions Exceeding 419,000 LYD - Sada Newspaper<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sada.ly\/en\/exclusive-central-bank-warns-libyan-islamic-bank-over-unlawful-fee-deductions-exceeding-419000-lyd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exclusive: Central Bank Warns Libyan Islamic Bank Over Unlawful Fee Deductions Exceeding 419,000 LYD - Sada Newspaper\" \/>\n<meta property=\"og:description\" content=\"Our source exclusively has obtained a letter from the Central Bank of Libya addressed to the Libyan Islamic Bank, instructing the bank to refund fees it had deducted from customers, amounting to over 419,000 Libyan dinars. The directive follows the findings of an inspection conducted on the bank, which revealed violations of the Central Bank\u2019s [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sada.ly\/en\/exclusive-central-bank-warns-libyan-islamic-bank-over-unlawful-fee-deductions-exceeding-419000-lyd\/\" \/>\n<meta property=\"og:site_name\" content=\"Sada Newspaper\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-23T16:48:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-24T16:55:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sada.ly\/en\/contents\/uploads\/sites\/2\/2025\/06\/image_2025-06-24_175452706.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"700\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Amira Cherni\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Amira Cherni\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/sada.ly\\\/en\\\/exclusive-central-bank-warns-libyan-islamic-bank-over-unlawful-fee-deductions-exceeding-419000-lyd\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/sada.ly\\\/en\\\/exclusive-central-bank-warns-libyan-islamic-bank-over-unlawful-fee-deductions-exceeding-419000-lyd\\\/\"},\"author\":{\"name\":\"Amira Cherni\",\"@id\":\"https:\\\/\\\/sada.ly\\\/en\\\/#\\\/schema\\\/person\\\/d2e3a4c15ff289afd397860b4d048830\"},\"headline\":\"Exclusive: Central Bank Warns Libyan Islamic Bank Over Unlawful Fee Deductions Exceeding 419,000 LYD\",\"datePublished\":\"2025-06-23T16:48:52+00:00\",\"dateModified\":\"2025-06-24T16:55:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/sada.ly\\\/en\\\/exclusive-central-bank-warns-libyan-islamic-bank-over-unlawful-fee-deductions-exceeding-419000-lyd\\\/\"},\"wordCount\":148,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/sada.ly\\\/en\\\/exclusive-central-bank-warns-libyan-islamic-bank-over-unlawful-fee-deductions-exceeding-419000-lyd\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/sada.ly\\\/en\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/06\\\/image_2025-06-24_175452706.png\",\"keywords\":[\"central bank\",\"libya\",\"libyan islamic bank\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/sada.ly\\\/en\\\/exclusive-central-bank-warns-libyan-islamic-bank-over-unlawful-fee-deductions-exceeding-419000-lyd\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/sada.ly\\\/en\\\/exclusive-central-bank-warns-libyan-islamic-bank-over-unlawful-fee-deductions-exceeding-419000-lyd\\\/\",\"url\":\"https:\\\/\\\/sada.ly\\\/en\\\/exclusive-central-bank-warns-libyan-islamic-bank-over-unlawful-fee-deductions-exceeding-419000-lyd\\\/\",\"name\":\"Exclusive: Central Bank Warns Libyan Islamic Bank Over Unlawful Fee Deductions Exceeding 419,000 LYD - 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