Rashid Sawan, a founding member of the Libyan Islamic Bank said during a televised interview for WTV channel and Tabadul Platformthat the Libyan Islamic Bank has achieved what no bank in the world ever has.
According to him, one of the conflicts that the Bank is currently facing is the fact that some shareholders are trying to take over the Bank because of its success.
“In 2018, the bank achieved profits of LYD 29 million, with a net profit of LYD 17 million. In 2019, it achieved LYD 45 million, obtaining a net profit of LYD 13 million,” said Sawan, adding:” In 2020, the bank achieved LYD 48 million, with a net profit of LYD 20 million. Moreover, 7 branches were opened.”
Sawan added:” When you can convince flies that flowers are better than rubbish, then you are able to convince corrupt people that the homeland is more precious than the money.”