Internal Factors Facing the Conversion of Conventional Banks to Islamic Banks in Libya: A Field Study on Jumhouria Bank, Sabha Branch

الملخص

The study attempted to find out the impact of internal factors constraining traditional banks converting into Islamic banks in Libya, by making use of previous theoretical studies as well as applied research. Where the problem of the study was the non-compliance of (traditional) commercial banks and those in charge of them to apply the rules and provisions of Islamic Sharia in financial, banking and economic transactions, and the lack of understanding of the two parties (Shariah and economists) and harmony among them on the analysis of the issue of bank interest. While the aim of the study was to find out the impact of internal factors on converting traditional banks into Islamic banks in Libya. To achieve this goal, the study used a closed-ended questionnaire to survey the data, and it was analyzed using the SPSS analysis program. The results of the study show that the rate of answering yes was (33.11%), while the rate of answering no was equal to (66.89%), and this indicates that the degree of handicap It was high, so the study hypothesis is accepted, "There are internal obstacles affecting the process of converting conventional banks to Islamic banks in Libya.