The Factors that Influence the Conversion Process from Conventional Banks into Islamic Banking in Libyan Conventional Banks: Proposing Conceptual Framework
Shahida Shahimi and
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Zurina Shafii: Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia
Shahida Shahimi: Faculty of Economics and Management in the National University of Malaysia (UKM)
Adel Saaid: Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia
International Journal of Academic Research in Management and Business, 2016, vol. 1, issue 2, 77-87
The process of conversion from conventional banks to Islamic banks involves the conversion from an interest-based system (haram) to a shariâ€™ah-based system (halal). On the basis of prior studies, several factors were proposed to influence the successful conversion of banks from a convention model to an Islamic one. Such studies reported that human resources, regulations and legislation, shariâ€™ah compliance, conversion resistance, and Islamic banking products are the major factors that affect the process of conversion from the conventional-based banking to Islamic banking. Accordingly, this paper proposed a conceptual framework to examine the above influential factors in light of the conversion process from conventional-based banking to an Islamic one.
Keywords: Conversion process; conventional banks; Islamic banking (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:iap:ijarmb:v:1:y:2016:i:2:p:77-87
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