Islamic banking in Libya: emergence, growth, and prospects
This chapter identifies the internal and external challenges for Islamic banking in Libya. It is a conceptual work using secondary data where relevant concepts in terms of challenges of the conversion process in Libya were demonstrated. Conversion process is surrounded and faced by many challenges....
| Main Authors: | , , |
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| Format: | Book Chapter |
| Language: | English |
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IGI Global Publishing
2020
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| Online Access: | http://irep.iium.edu.my/80156/ http://irep.iium.edu.my/80156/1/80156_Islamic%20banking%20in%20Libya.pdf |
| _version_ | 1848788909412057088 |
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| author | A.S. Abusloum, Mahmoud Ahmad, Khaliq Bello, Nabil |
| author_facet | A.S. Abusloum, Mahmoud Ahmad, Khaliq Bello, Nabil |
| author_sort | A.S. Abusloum, Mahmoud |
| building | IIUM Repository |
| collection | Online Access |
| description | This chapter identifies the internal and external challenges for Islamic banking in Libya. It is a conceptual work using secondary data where relevant concepts in terms of challenges of the conversion process in Libya were demonstrated. Conversion process 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. On the other hand, the economic structure, the political situation, and the regulatory framework hinder the process externally. This implies that stakeholders should come up with comprehensive strategies and plans about the conversion process which will improve the readiness level of the banks, raise the awareness and willingness of their employees, and increase the skills of banks’ staff. |
| first_indexed | 2025-11-14T17:48:19Z |
| format | Book Chapter |
| id | iium-80156 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T17:48:19Z |
| publishDate | 2020 |
| publisher | IGI Global Publishing |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-801562021-01-19T06:02:29Z http://irep.iium.edu.my/80156/ Islamic banking in Libya: emergence, growth, and prospects A.S. Abusloum, Mahmoud Ahmad, Khaliq Bello, Nabil BPH589.2 Riba - Interest HJ1438 Public Finance In Islam This chapter identifies the internal and external challenges for Islamic banking in Libya. It is a conceptual work using secondary data where relevant concepts in terms of challenges of the conversion process in Libya were demonstrated. Conversion process 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. On the other hand, the economic structure, the political situation, and the regulatory framework hinder the process externally. This implies that stakeholders should come up with comprehensive strategies and plans about the conversion process which will improve the readiness level of the banks, raise the awareness and willingness of their employees, and increase the skills of banks’ staff. IGI Global Publishing 2020 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/80156/1/80156_Islamic%20banking%20in%20Libya.pdf A.S. Abusloum, Mahmoud and Ahmad, Khaliq and Bello, Nabil (2020) Islamic banking in Libya: emergence, growth, and prospects. In: Growth and Emerging Prospects of International Islamic Banking. IGI Global Publishing, USA, pp. 17-37. ISBN 9781799816119 https://www.igi-global.com/book/growth-emerging-prospects-international-islamic/233690 10.4018/978-1-7998-1611-9 |
| spellingShingle | BPH589.2 Riba - Interest HJ1438 Public Finance In Islam A.S. Abusloum, Mahmoud Ahmad, Khaliq Bello, Nabil Islamic banking in Libya: emergence, growth, and prospects |
| title | Islamic banking in Libya: emergence, growth, and prospects |
| title_full | Islamic banking in Libya: emergence, growth, and prospects |
| title_fullStr | Islamic banking in Libya: emergence, growth, and prospects |
| title_full_unstemmed | Islamic banking in Libya: emergence, growth, and prospects |
| title_short | Islamic banking in Libya: emergence, growth, and prospects |
| title_sort | islamic banking in libya: emergence, growth, and prospects |
| topic | BPH589.2 Riba - Interest HJ1438 Public Finance In Islam |
| url | http://irep.iium.edu.my/80156/ http://irep.iium.edu.my/80156/ http://irep.iium.edu.my/80156/ http://irep.iium.edu.my/80156/1/80156_Islamic%20banking%20in%20Libya.pdf |