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Overview of the Bank

Al-Yaqeen Bank: A leading Libyan financial institution established in accordance with banking laws and started its operations in 2019

Al-Yaqeen Bank is a Libyan joint stock company established in accordance with Law No. (1) of 2005, amended by Law No. (46) of 2012 related to banks. The bank holds commercial registration No. (9237) and started its banking operations after obtaining practice permit No. (98) of 2019. Its first branch was opened on September 19th, 2019.
The bank’s founding and authorized capital according to the applicable legislations is 250 million Libyan dinars, which is fully paid and divided into 2.5 million shares with a nominal value of 100 Libyan dinars per share, through a public subscription in the Libyan stock market. The Central Bank of Libya has issued instructions to increase the bank’s capital to 500 million Libyan dinars, according to letter No. (ARM N804) (1223) dated 11/06/2023, and these instructions will be implemented in accordance with the procedures and laws regulating this.
Natural individuals own 71% of the paid-up capital, while local private companies own 29%, which makes the bank an effective contributor to the advancement of the national economy, diversification of sources of income and promotion of sustainable development.

Our Mission

To excel in customer service and provide innovative banking products that meet their requirements, live up to their aspirations and keep pace with technical development in order to achieve sustainable development.

Our Vision

To be the leading bank in providing digital banking services that are compatible with the principles and provisions of Islamic Sharia and achieve the best added value for our customers, shareholders and employees.

Our Values

Honesty

Social Responsibility

Integrity and Transparency

Excellence and Innovation

The Role of Al-Yaqeen Bank
in Social Responsibility

Based on the Islamic reference and values ​​on which Al-Yaqeen Bank was established, its role in economic and social life goes beyond merely achieving the interests of the owner or adhering to the rules of what is permissible and what is forbidden. Considering the right of society to these funds is an important and fundamental pillar.

Contribution to Development

Al-Yaqeen Bank seeks to increase the gross domestic product of society and contribute to solving pressing issues such as housing, unemployment and food security. It also works to move wealth and circulate it among individuals, develop new areas, support health and social care, provide basic needs, and combat poverty and unemployment by financing real productive projects that create job opportunities and achieve added value, whether these projects are large, medium or small.

Interaction with customers

The bank has a social role towards its customers by maintaining the legitimacy and integrity of the transactions submitted, working to achieve depositor satisfaction, facilitating dealing procedures and gaining the trust of customers, studying the motives and behavior of customers at the bank at different times, and paying attention to depositors’ complaints and suggestions.

The bank’s role towards its employees

The bank has a social role with its employees, by activating the profit-sharing system, paying attention to the salary systems for employees, and providing an appropriate work environment, in terms of training and development, and the existence of fair systems among employees, and the human element will be the most important factor and the main pillar in the bank’s work.