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Abdul-Jalil’s announced ban on interest, however, does leave room for so-called “Sharia-compliant” banking. Arab Islamic countries have banned interest on loans since the time of Mohammed. But some fundamentalist Muslim states, such as Saudi Arabia and Iraq, have a hybrid banking system which they say is Sharia-compliant banking. It allows banks to earn a profit by charging extra fees when a loan is first issued. This system helps wealthy people and companies earn money from their oil-based wealth without formally charging interest. Without effective banking and an available pool of capital, Libyan companies will face difficulties when seeking investment funds to restart their economy and rebuild their oil industry.