ISLAMIC BANKING PRODUCTS AND SERVICES IN LIBYA: LEGISLATION, REGULATIONS AND MANAGEMENT POLICY

Adel A. B. Alaswad

Abstract


The focal point of this paper is to look at the effect of regulation and management policy on building solid establishments of Islamic finance and banking framework in Libya, especially in the underlying stages. In addition, the example for this present study comprised of an aggregate 395, which were analysed using the structural equation modelling (SEM) in order to examine the causal relationship among the study latent variables. The consequences of this study demonstrate that the two primary hypotheses were huge; these hypotheses incorporate a positive connection amongst legislations and regulations, management policy and Islamic banking items and administrations in Libyan banks. This is on the grounds that the impact of laws and legislation on the reception of Islamic budgetary framework, which Libya is encountering, is huge in quickening this procedure. Moreover, the senior management of Islamic banks of Libya is in charge of planning an economical advancement policy for its associations.

 

JEL: E50, G21, E52

 

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Keywords


Islamic banking, regulation, management policy, Islamic banking products

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