LAIP launches initiative to finance Libyan projects through Islamic Sukuk

The Libya Africa Investment Portfolio (LAIP) has announced a new financing strategy to support its domestic investment projects through Islamic Sukuk—widely regarded as a secure and Sharia-compliant financial instrument.

On Wednesday, 27 August 2025, LAIP hosted a high-level roundtable in Tripoli, bringing together its Chairman, General Manager, and senior department directors. The session also featured participation from the Chairman of the Capital Market Authority and two of its directors, a representative of the Islamic Development Bank, and the Director of Investment at the Social Solidarity Fund, alongside prominent financial experts and representatives of other financing bodies.

Discussions centred on leveraging sukuk as a stable and sustainable financing tool to strengthen LAIP’s portfolio of strategic investments inside Libya. The bonds will be issued through a Special Purpose Vehicle (SPV) established specifically for this purpose.

At the conclusion of the meeting, participants agreed to form a dedicated task force of senior LAIP directors to oversee the practical steps of implementing the sukuk-based financing model.

The move is part of LAIP’s broader strategy to expand investment opportunities in Libya while maintaining its influential international role.