Banking training on Islamic finance tools and liquidity management
LIBYA – An economic report published by the English-language service of Azerbaijan’s Trend news agency said the Islamic Development Bank Institute had held three specialised Islamic finance training programmes for more than 60 senior officials at the Central Bank of Libya, aimed at strengthening their knowledge and practical skills and developing Islamic financial services.
Technical assistance programme during October
The report — followed and summarised by Al-Marsad — said the initiative ran from 4 to 22 October as part of a technical assistance project funded by the Islamic Development Bank to support Libya’s Islamic financial services industry and strengthen the institutional capacity of the financial sector.
Each programme lasted five days and included 20 intensive training sessions delivered by specialist experts, focusing on Sharia-compliant monetary policy tools, liquidity management in the banking system and treasury management in central banks.
Sukuk, reserves and credit risk
The sessions covered the design and pricing of Islamic financial instruments, sukuk, liquidity analysis and central bank interventions in the banking sector, as well as liquidity supervision, crisis management, treasury operations, investment portfolios, international reserves and credit risk management.
Participants also examined the links between treasury operations, monetary policy and financial stability through discussions, case studies and practical exercises, which the report said were well received by participants, who praised the programmes’ quality, relevance, practical focus and alignment with international standards and Islamic finance principles.
Institutional meetings and follow-up visits
Alongside the programmes, the Islamic Development Bank Institute team held professional meetings with institutions benefiting from its technical assistance projects and made scoping visits to follow up on implementation and ensure activities were completed on schedule.
The meetings discussed identifying priority technical assistance needs, possible project components and ways of maximising the development impact of the grants. The report said the delivery of the programmes and engagement with Libyan bodies reflected the institute’s continued commitment to developing human capital, transferring knowledge and expertise, strengthening the capacity of member countries’ institutions and supporting the sustainable growth and development of Islamic finance worldwide.
