Islamic Banking in Libya

  • Emergence, Growth, and Prospects
  • Mahmoud A. S. Abusloum, Khaliq Ahmad, Nabil Bello
  • January 2020, IGI Global
  • DOI: 10.4018/978-1-7998-1611-9.ch002

This book chapter discusses past, present and future of the Islamic banking in Libya

Photo by Aditya Vyas on Unsplash

Photo by Aditya Vyas on Unsplash

What is it about?

Conversion process of conventional bank into an Islamic banking in Libya is surrounded and faced by many challenges. Internal challenges are not less significant than external ones. Trained human resource, lack of awareness in Islamic banking, and resistance to change to Islamic banks are considered as internal challenges which represent the stage of readiness to convert the sector.

Why is it important?

This will help the MENA region to look into deep state problem for transforming conventional bank into an Islamic banking system. This study an empirically conducted and its findings are important to somehow generalize the state of the art problem.

Perspectives

Professor Khaliq Ahmad bin Mohamad
Qassim University

This research was great in terms of a joint efforts and writing this book chapter was a great pleasure as it has co-authors with whom I have had long standing collaborations. This research also lead to rare resistance by groups at the banking industry itself for a fear of unknown.

Read Publication

http://dx.doi.org/10.4018/978-1-7998-1611-9.ch002

The following have contributed to this page: Professor Khaliq Ahmad bin Mohamad

Resources