-This partnership forms part of a central pillar of SIB’s strategy to expand its footprint, grow market share, and reinforce its position as a leading institution in the Libyan banking sector.
Network International (Network) , a leading fintech company in the Middle East and Africa (MEA), has signed a processing agreement with Al Seraj Islamic Bank (SIB) to accelerate the bank’s digital transformation and support Libya’s transition toward secure, modern and inclusive financial services.
This partnership forms part of a central pillar of SIB’s strategy to expand its footprint, grow market share, and reinforce its position as a leading institution in the Libyan banking sector.
Under the agreement, Network International will deliver comprehensive end-to-end digital payment processing solutions to Al Seraj Islamic Bank, including Visa sponsorship, prepaid issuing capabilities, and a suite of innovative value-added services. These offerings will empower SIB to enhance customer experience, streamline operations, and expand access to secure digital payment options nationwide in Libya.
Through this strategic collaboration, SIB is well-positioned to modernise its payment infrastructure and introduce secure, flexible, and next-generation financial products. Customers will benefit from a seamless, efficient, and user-centric banking experience, driving stronger engagement across digital channels.
In addition, the collaboration supports Libya’s national financial inclusion agenda by expanding access to safe, reliable payment services for underserved communities and promoting broader economic participation across the country.
Mohamed Abu Gebba, Regional Managing Director – Processing, North Africa, at Network International said, “This partnership marks a significant milestone for Libya’s financial sector. Al Seraj Islamic Bank’s decision to partner with us reflects our leadership in the MEA region and our ability to deliver innovative, dependable solutions that transform payment ecosystems., Together we aim to advance financial inclusion, support the bank’s growth ambitions, and empower communities with secure, modern payment services.”
Foze Ghaith, Chief Executive Officer of Al Seraj Islamic Bank, added, “Partnering with Network International was a strategic decision driven by their proven service excellence, strong market reputation, and deep understanding of Libya’s banking landscape. Their end-to-end processing capabilities will enable us to launch advanced digital products, enhance customer experience, and accelerate our growth trajectory. This partnership reinforces our commitment to delivering world-class, Shariah-compliant digital banking solutions across Libya.”
The services for Al Seraj Islamic Bank are scheduled to go live in Q1 2026.
