Exploring the knowledge of Islamic banking among Libyan bankers

El-Brassi, Mohamed A. M. Abdelrahim and Syed Jaafar Alhabshi, Syed Musa and Othman, Anwar Hasan Abdullah (2020) Exploring the knowledge of Islamic banking among Libyan bankers. IJIEF: International Journal of Islamic Economics and Finance, 3 (1). pp. 1-20. ISSN 2622-3562 E-ISSN 2622-4372

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Abstract

Although it has been five years since the beginning of the conversion to the Islamic banking system (IBS) in Libya., the level of knowledge of Islamic banking (IB) products and services among bankers is yet to be investigated. The study uses a quantitative research design to address the issue. A total of 207 complete and valid questionnaires were collected from bankers in several Libyan commercial banks. Statistical Package for Social Sciences SPSS version 23.0 was employed to analyze the data. Findings showed that bankers have a basic to moderate level of knowledge of IB services and products. They were unaware of some important Islamic services and products such as Musharakah, Murabahah to the purchase ordered (MPO), current Islamic account and investment banking account. The findings also concluded that the bankers were only knowledgeable about concepts of Islamic principles such as the permissibility of selling and prohibition of riba. However, they were unaware of how riba is applied in the banking system. This study urges relevant Libyan stakeholders such as government and top bank management to develop intensive Islamic banking training programs. In order to increase the level of knowledge and awareness of bankers towards IB. This would help to facilitate the conversion to (IBS) in the country.

Item Type:	Article (Journal)
Additional Information:	6867/78528
Uncontrolled Keywords:	knowledge, Islamic banking products, employees, Libya.
Subjects:	H Social Sciences > HG Finance > HG1501 Banking H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Asst.Prof Anwar Hasan Abdullah Othman
Date Deposited:	13 Feb 2020 16:28
Last Modified:	13 Feb 2020 16:28
URI:	http://irep.iium.edu.my/id/eprint/78528

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