From the Hay Andalus headquarters in Tripoli to the Bayda regional office — physical presence where app-only competitors have none.
About & Governance
Libya’s first privately licensed financial services league — established 2011, regulated by the Central Bank of Libya, headquartered in Tripoli.
For fourteen years, the Libyan Financial Services League has operated under direct supervision of the Central Bank of Libya. This page constitutes the public register of our charter, license, governance, and people. It is maintained for journalists, institutional counterparties, regulators, and any client who wishes to verify who we are before they transact.
- Founded
- 2011
- CBY License
- No. 2011-FSL-0047
- Headquarters
- Tower 4, Hay Andalus, Tripoli
- Active Accounts
- 38,000+
The 2011 Founding Chapter
A privately licensed financial league, chartered in the year the country reopened.
In October 2011, six months after the formal end of the revolution, a small group of Libyan bankers, treasury specialists, and Sharia scholars filed an unprecedented application with the Central Bank of Libya: a request to charter the country’s first privately licensed financial services league. The state banking system had been fractured. Cross-border settlement was unreliable. Libyan dinars moved, when they moved at all, through informal corridors. There was no indigenous institution that could stand between a corporate treasurer in Tripoli and a correspondent in Istanbul or Cairo and answer for both sides.
We were granted CBY License No. 2011-FSL-0047 on 14 December 2011. We opened a single desk in a converted apartment on Jamal Abdul Nasser Street with eleven staff. The mandate was narrow and explicit: build the regulated rails that Libyan corporates, SMEs, and high-net-worth families could trust to move money inside Libya and across its borders — in full conformity with both Central Bank regulation and Sharia principles of finance.
Fourteen years later, that mandate has not changed. The institution around it has. Today the League operates from Tower 4 in the Hay Andalus Financial District, with 142 specialists across nine Libyan cities, processing LD 4.8 billion annually for 38,000+ active accounts. But the charter still reads the way it did in 2011 — and we intend that the next fourteen years be measured against the same standard.
Dr. Yusuf Al-Mabrouk
Founder & Chief Executive Officer
Public Register
Governance, regulation, and independent oversight — the public record.
Four statutory pillars frame every decision taken inside the League. They are disclosed here in the same form they are reported to the Central Bank of Libya.
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01
CBY Supervisory License
The League operates under Central Bank of Libya License No. 2011-FSL-0047, granted 14 December 2011 and continuously renewed. The license authorises deposit-taking, payment services, cross-border settlement, and corporate treasury activity within the Libyan jurisdiction. Capital adequacy is reported quarterly to the CBY Banking Supervision Department.
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02
Board of Directors
A nine-member Board of Directors provides oversight of strategy, risk appetite, and capital allocation. Five seats are held by independent non-executive directors; four by executive directors. The Board meets six times per year and reports directly to the CBY on matters of prudential concern.
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03
Sharia Supervisory Board
A permanent five-member Sharia Supervisory Board, chaired by Sheikh Dr. Abdulrahman Bourenane, certifies all retail and corporate products. Fatwas are issued on a per-product basis and reviewed annually. The Board may veto any product that does not conform to the prohibition of gharar, riba, and speculation.
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04
Independent External Audit
Financial statements are audited annually by Deloitte Libya under ISA standards. Operational and platform-uptime audits are conducted quarterly, with the most recent 27-month uptime measurement of 98.7% independently certified. AML and sanctions controls are tested annually under a CBY-mandated scope.
Institutional Footprint
A 142-person institution across 9 Libyan cities — and the academy that trains our next cohort.
Where competitors run apps from a single office, we keep desks in Tripoli, Benghazi, Misrata, Bayda and five further cities — staffed by 142 specialists, 64% of them Libyan nationals, and replenished each year by our in-house LFSL Finance Academy.
A founder-led team of bankers, compliance officers, treasury engineers and relationship managers — not a remote contractor pool.
Talent developed locally, retained locally — the institutional memory that survives every market cycle Libya has faced since 2011.
A 14-month structured programme covering Sharia audit, CBY reporting standards and treasury operations — 38 graduates placed in 2024 alone.
A note from the Chief Executive
Read the full governance letterWe were the first privately licensed financial services league in post-revolution Libya, and we have spent every quarter since earning the right to remain one. Discipline is not a slogan in this institution — it is the audit trail, the Sharia supervisory review, the CBY file number on the wall. Fourteen years in, we still treat regulatory legitimacy as the only licence that compounds.
Recognition
Awards & third-party validation
A dated, public record of independent recognition — the kind of record vetting committees and treasury counterparties actually read.
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2024
Best Digital Bank — North Africa
Awarded for platform uptime, Sharia-compliant product depth, and cross-border settlement speed across the LFSL Pay rails.
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2023
Innovation in Islamic Finance
Recognised for the 2019 launch of Libya’s first fully Sharia-compliant digital banking platform, certified by the Central Bank of Libya.
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2022
Cross-Border Payments Excellence — Maghreb
Recognised for settling transfers to 47 countries in under 90 seconds — undercutting the SWIFT average by six days on a like-for-like corridor.
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2021
SME Banking Initiative of the Year
Awarded for the launch of the LFSL Working Capital Line — purpose-built for Libyan SMEs operating across the Tripoli and Benghazi corridors.