The lmpact of Islamic & Economical Standards and Regulations on Financing Process in Islamic Banking System Ali Khalifa Allagi

Abstract

This study was intended to recognize the influence of implementing Islamic and Economical Standards and Regulations on Financing Processes in Islamic Banking through cognizance the function of Islamic financing and its role in economic activity. The purpose of financing is to facilitate real trade exchanges and activities, because the real activity lies in the trade exchanging process for investment or consumption purposes.

In order to achieve the objectives of this study, a questionnaire sheet was designed and distributed to branches of main Libyan banks (Al Wahda, Al Jumhouria, Alsahara and NCB).

The statistical package (spss) was used to analyze the data of the questionnaire sheet, by selecting a sample of (400) items, (310) of them were studied, based on calculation averages and multiple regression analysis The study reached a number of findings and recommendations.

The most important findings:

• Islamic and Economical Standards and Regulations contribute in raising the capacity of Islamic banking and in enhancing the development of banking services.
• Applying of Islamic and Economical Standards and Regulations increases customer confidence in banking services.