On Wednesday, 27 August 2025, the Libya Africa Investment Portfolio (LAIP) convened an extensive roundtable discussion on financing its development projects.

The meeting was attended by the Chairman of the Board, the General Manager, and the Fund’s department directors, alongside the Chairman of the Capital Market Authority and two of its senior directors. Also in attendance were a representative of the Islamic Development Bank, the Director of Investment at the Social Solidarity Fund, several financial experts, and delegates from other key financing institutions.

The roundtable featured an in-depth discussion on providing the necessary support for LAIP’s projects within Libya through the use of Islamic Sukuk (Islamic bonds or “Sharia-compliant” bonds) as a stable and secure financing instrument. The Sukuk will be issued via a Special Purpose Vehicle (SPV) established for this purpose.

At the conclusion of the discussion, it was agreed to form a working group composed of the relevant department heads of LAIP.

The group will directly initiate the practical procedures required to implement this financing mechanism, in line with the portfolio’s orientation to strengthen its domestic investments while maintaining its external role.