October 1, 2019
This research seeks to propose a model for establishing Islamic windows
for Islamic transactions in the Palestinian banks in Palestine due to the lack
of Islamic banks on one hand and to eliminate Haram (forbidden) banking
transactions on the other hand. The researcher used the descriptive method
to identify the concept of Islamic windows in traditional banks, discuss the
challenges and difficulties facing creating such windows and to specify
success factors. This research concludes that setting up Islamic windows in
traditional banks enhances Islamic banking due to the long experience of
these banks. Also, such a step is needed towards banking transition as it could
contribute to thinking seriously on the part of banks to gradually or fully to
Islamic banks in the future. The researcher recommends raising awareness of
Islamic banking and consolidating it among individuals and enacting laws
that take into consideration the particularity of Islamic finance.
Keywords: Islamic windows, traditional banks, Palestine.