Measuring the readiness of conventional banks to shift into Islamic banks: a case study of the commercial banks in Libya
Joint Authors
al-Jubi, al-Tayyib M.
Sewaikir, Muhammad G.
Source
Issue
Vol. 2, Issue 4 (31 Oct. 2019), pp.172-180, 9 p.
Publisher
Sirte University Faculty of Economics
Publication Date
2019-10-31
Country of Publication
Libya
No. of Pages
9
Main Subjects
Topics
Abstract EN
This paper aims to identify the readiness of conventional banks in Libya to shift into Islamic banks.
It has discussed the readiness of a sample of six main traditional banks in Libya with respect to their experience of Islamic banking instruments, acceptance of managers, staff and bank customers for the idea of transforming their bank systems into the Islamic system, and also with regard to the internal bank regulations that can support the transformation into the Islamic system, and also with respect to the current computer system existing in banks and their readiness for the implementation of Islamic banking operations with respect to time and effort needed for bank’s transformation, and finally to the idea of Islamic bank’s possibility of providing Shariah supervisory board.
In this study, a questionnaire was developed in order to find out information and data related to the topic.
Some statistical methods such as the weighted mean, standard deviation, ANOVA test, and Post Hoc test were used in order to discover the readiness level of conventional banks to shift into Islamic banks.
This study found that there was a statistically significant difference between some of the Libyan banks surveyed with relation to training of their staff on Islamic banking instruments.
It also found that there was a statistically significant difference in the internal regulations for supporting the idea of transforming into Islamic banks.
American Psychological Association (APA)
al-Jubi, al-Tayyib M.& Sewaikir, Muhammad G.. 2019. Measuring the readiness of conventional banks to shift into Islamic banks: a case study of the commercial banks in Libya. Economic Studies Journal،Vol. 2, no. 4, pp.172-180.
https://search.emarefa.net/detail/BIM-1460687
Modern Language Association (MLA)
al-Jubi, al-Tayyib M.& Sewaikir, Muhammad G.. Measuring the readiness of conventional banks to shift into Islamic banks: a case study of the commercial banks in Libya. Economic Studies Journal Vol. 2, no. 4 (Oct. 2019), pp.172-180.
https://search.emarefa.net/detail/BIM-1460687
American Medical Association (AMA)
al-Jubi, al-Tayyib M.& Sewaikir, Muhammad G.. Measuring the readiness of conventional banks to shift into Islamic banks: a case study of the commercial banks in Libya. Economic Studies Journal. 2019. Vol. 2, no. 4, pp.172-180.
https://search.emarefa.net/detail/BIM-1460687
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 180
Record ID
BIM-1460687