Nuran Bank was established in 2008 as a Libyan joint-stock company with a capital of 600 million dinars divided equally between the Libyan Foreign Bank and Qatar Holding.
It was transformed into a Islamic bank based on the idea that sound management and an effective supervisory environment are two prerequisites in the establishment of a solid banking system. They are also the two requirements to achieve the goals of the banking sector and develop performance at the level of international institutions and standards, which in turn reflects positively on the banking sector in Libya.