October 1, 2019
The purpose of this study is to know the possibility of transforming
conventional banks to Islamic banks in Libya. Also, to present conventional
banks experience in producing Islamic banking in Libya.
In order to fulfill the goals of this study, the researcher used descriptive
method to prepare the theoretical part of the study and analytical method for
the practical part. (70) forms of the survey were distributed on participants;
only (51) forms were valid to be analyzed. It has been found that, the main
reason to change in Libya was a decision from the authorities as well as from
the public in the Libyan community to produce services according to Islamic
The study found that one of the most important motives for the transformation
in Libya was the decision of the legislative authority in the country, in
addition to the popular desire of the Libyan society to provide banks, products
compatible with the shari’ah of Islamic law, and the study reached the success
of the experience of Islamic banking in traditional Libyan banks, That one of
the most important obstacles to the transformation in Libya is the security and
economic conditions currently experienced by the country.
Keywords: transformation, Islamic banks, Conventional bank.