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Yaqeen Bank review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Yaqeen Bank lends directly to Libyan customers at 10% to 24% fixed, with a ceiling of LYD 30,000 to LYD 120,000 over terms of 12 to 96. It suits salaried borrowers who already hold a current account at a branch and can bring a guarantor. Others will find the entry requirements narrow.

Key facts

Best for
Salaried Libyan borrowers with a bank current account and a guarantor ready to support the application.
APR
10% to 24%↗
Loan amount
LYD 30,000 to LYD 120,000↗
Term
12 to 96 months↗
Arrangement fee
Processing and administrative costs may be charged, disclosed on application↗
Rate type
Fixed↗
Lender type
Direct lender↗
Eligibility
Current account at a Yaqeen Bank branch with salary credited regularly for at least six months, a guarantor holding a salary account, original recent salary certificate, national number and ID or passport copy↗
Loan types
Personal, Car, Business↗
Use cases
Home-improvement↗
Legal entity
Yaqeen Bank, a Libyan joint-stock company, commercial registration no. 9237↗
Headquarters
Libya↗
Founded
2019↗
Support channels
Phone, Email, Help-centre↗
Pricing model
Fixed rate
Official website
yaqeenbank.ly

Facts checked September 26, 2026, 5 sources

Apps and profiles

Get the app
Google Play
Elsewhere
WikidataWikipediaX

Pros and cons

Pros

  • Direct lender, so the fixed rate and terms are set by Yaqeen Bank itself
  • Fixed pricing, the only model listed in fixed rate
  • Licensed by the Central Bank of Libya, registration 98/2019
  • Support runs on phone, email and help centre

Cons

  • Lending starts at LYD 30,000 to LYD 120,000, well above the €559 personal loan typical of the wider market
  • The arrangement fee is only described as processing and administrative costs, disclosed on application, so the real figure is unknown until you apply
  • Support runs on phone, email and help centre, with no live chat or branch walk-in outside the application itself
Yaqeen Bank

Ready to try Yaqeen Bank?

Scored 9.0 / 10 by SumCue.

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Who it suits

  • Borrowers who can name a guarantor holding a salary account
  • Anyone funding home improvement, the stated purpose in home improvement

Who should look elsewhere

  • Borrowers wanting a small loan, since LYD 30,000 to LYD 120,000 starts well above the €559 typical personal loan
  • Self-employed applicants without a regular credited salary, since the eligibility route depends on a salary account
  • Anyone outside Libya looking for a rate close to the PHP 12 to PHP 36 range on offer elsewhere in this comparison

Who runs it

Yaqeen Bank is a Libyan joint-stock company registered as a commercial bank, based in Libya and established in 2019. It licenses its murabaha financing to individuals through the Central Bank of Libya, with registration 98/2019. Help is offered through phone, email and help centre, so questions about an application can reach a person by phone or email.

How Yaqeen Bank compares

Where Yaqeen Bank is available

Available
Libya
Licence in Libya
Central Bank of Libya (98/2019), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does Yaqeen Bank charge on murabaha financing?+

The stated rate is 10% to 24%, and it is fixed rather than variable, so the cost of the loan does not drift once agreed. Pricing is set by Yaqeen Bank as a direct lender rather than by a broker. The rate you are given is confirmed during the application.

How much can I borrow and over what period?+

Loans run from LYD 30,000 to LYD 120,000 with terms of 12 to 96, giving room for larger purchases and longer repayment. Borrowing is available for personal, car and business needs, with home improvement the stated use. The LYD 30,000 to LYD 120,000 floor sits well above the €559 typical personal loan on the wider market.

Who regulates Yaqeen Bank?+

Yaqeen Bank is licensed by the Central Bank of Libya, with registration 98/2019. It is a Libyan joint-stock company headquartered in Libya and has operated since 2019. All lending and deposits sit under that single market's supervision.

How do I get help with my application?+

Support runs on phone, email and help centre, covering phone, email and a help centre. Eligibility questions about the salary account and guarantor can be raised before you apply. There is no live chat listed, so phone is the quickest route.

What kinds of loan does the bank offer?+

The product covers personal, car and business borrowing, listed in personal, car and business, with home improvement the stated use in home improvement. Yaqeen Bank is a direct lender per direct lender, so terms come from the bank rather than a broker, and the fixed rate holds across the 12 to 96 term.

Sources

  • cbl.gov.ly/banks checked September 26, 2026

    Backs: Headquarters

    “Bank: Yaqeen Bank - Address: Head Office - Al-Shorat Road - Tripoli - Libya”

  • yaqeenbank.ly checked September 26, 2026

    Backs: Support channels

    “Help centre ... Customer service: 0890 366 21 218+ ... email”

  • yaqeenbank.ly/about checked September 26, 2026

    Backs: Founded, Legal entity, Licences

    “a pioneering Libyan financial institution founded under the banking laws and which began operations in 2019 ... opened its first branch on 19/09/2019”

  • yaqeenbank.ly/services/individuals-financing checked September 26, 2026

    Backs: Loan amount, APR, Eligibility, Pricing model, Term

    “for the cars product a maximum of 120 thousand (salary divided by 3 x 96); for the furniture and durable goods product a maximum of 30 thousand”

  • yaqeenbank.ly/services/individuals-murabaha checked September 26, 2026

    Backs: Lender type, Loan types, Arrangement fee, Rate type, Use cases

    “Murabaha is among the most prominent financing solutions offered by Yaqeen Bank”

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Credit check, Funding time, Representative example.

Yaqeen Bank

Yaqeen Bank

Salaried Libyan borrowers with a bank current account and a guarantor ready to support the application.

9.0/10See alternatives