'The transitional government leader Mustafa Abdul-Jalil set out a vision for the post-Qaddafi future with an Islamist tint, saying that Islamic Sharia law would be the "basic source" of legislation in the country and that existing laws that contradict the teachings of Islam would be nullified.
In a gesture that showed his own piety, he urged Libyans not to express their joy by firing in the air, but rather to chant "Allahu Akbar," or God is Great. He then stepped aside and knelt to offer a brief prayer of thanks.
Abdul-Jalil said new banks would be set up to follow the Islamic banking system, which bans charging interest as a practice deemed usury.
He also announced the annulment of an existing family law that limits the number of wives Libyan can take, contradicting the provision in the Muslim holy book, the Quran, that allows men up to four wives.
President Obama congratulated Libya on their declaration of liberation.
"After four decades of brutal dictatorship and eight months of deadly conflict, the Libyan people can now celebrate their freedom and the beginning of a new era of promise," Obama said in a statement.
"We look forward to working with the NTC and an empowered transitional government as they prepare for the country's first free and fair elections," Obama said.'