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The Factors that Influence the Conversion Process from Conventional Banks into Islamic Banking in Libyan Conventional Banks: Proposing Conceptual Framework

Author

Listed:
  • 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)

Abstract

The process of conversion from conventional banks to Islamic banks involves the conversion from an interest-based system (haram) to a shari’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, shari’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.

Suggested Citation

  • Zurina Shafii & Shahida Shahimi & Adel Saaid, 2016. "The Factors that Influence the Conversion Process from Conventional Banks into Islamic Banking in Libyan Conventional Banks: Proposing Conceptual Framework," International Journal of Academic Research in Management and Business, International Journal of Academic Research in Management and Business, vol. 1(2), pages 77-87, October.
    • Handle: RePEc:iap:ijarmb:v:1:y:2016:i:2:p:77-87
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