Shifting from conventional to Islamic banking : challenges and barriers (a case study on Libya)
Other Title(s)
التحول من الخدمات المصرفية التقليدية إلى المصرفية الإسلامية : التحديات و الحواجز (دراسة حالة عن ليبيا)
Joint Authors
Abu Dirbalah, Abd al-Rahman Musa Ahmad
Mukhtar, Muhammad Mukhtar Bashir
Source
Journal of Pure and Applied Sciences
Issue
Vol. 18, Issue 2 (30 Jun. 2019), pp.101-113, 13 p.
Publisher
Publication Date
2019-06-30
Country of Publication
Libya
No. of Pages
13
Main Subjects
Financial and Accounting Sciences
Abstract EN
Since the beginning of the 21st century, there have been a few steps towards the implementation of Islamic banking in the state.
Nevertheless, in addition to the overall lack of research considering issues of Islamic banking in Libya, there has been no clear and practical path for banks transforming to an Islamic banking model.
The purpose of this study is to identify the barriers and challenges that facing banks to converting into Islamic banking in Libya.
In order to answer this question, a quantitative approach is followed.
Questionnaires were adopted to collect data from staff of five Libyan banks namely Jumhouria bank, AL Waha Bank, Wahda bank, National Commercial Bank and North Africa Bank.
The main obstacles that hinder the implementation of Islamic banking in Libya are a shortage of skills and experience which represented in the distinct lack of human capital trained for Islamic banking, and a lack of awareness which is represented in the absence of education and training institutions that provide the new entities with the required staff, and infrastructure issues which are represented in weakness in technical accounting system.
American Psychological Association (APA)
Abu Dirbalah, Abd al-Rahman Musa Ahmad& Mukhtar, Muhammad Mukhtar Bashir. 2019. Shifting from conventional to Islamic banking : challenges and barriers (a case study on Libya). Journal of Pure and Applied Sciences،Vol. 18, no. 2, pp.101-113.
https://search.emarefa.net/detail/BIM-1215283
Modern Language Association (MLA)
Abu Dirbalah, Abd al-Rahman Musa Ahmad& Mukhtar, Muhammad Mukhtar Bashir. Shifting from conventional to Islamic banking : challenges and barriers (a case study on Libya). Journal of Pure and Applied Sciences Vol. 18, no. 2 (2019), pp.101-113.
https://search.emarefa.net/detail/BIM-1215283
American Medical Association (AMA)
Abu Dirbalah, Abd al-Rahman Musa Ahmad& Mukhtar, Muhammad Mukhtar Bashir. Shifting from conventional to Islamic banking : challenges and barriers (a case study on Libya). Journal of Pure and Applied Sciences. 2019. Vol. 18, no. 2, pp.101-113.
https://search.emarefa.net/detail/BIM-1215283
Data Type
Journal Articles
Language
English
Notes
Record ID
BIM-1215283