The extent to which Islamic banking in Libya contributes to economic development "Field study on the Bank of the Republic and the National Commercial Bank"

Abstract

This study aims to identify the extent of the Libyan Islamic banking contribution to achieving economic development, through studying the Bank of the Republic, represented in the management of the branches of the Benghazi area and the national commercial Bank (NCB) of Al-Bayda. The researcher Use a descriptive hmethod, in addition to collecting data and information from references and books as well as the collection of practical data using the questionnaire list that was designed according to the Likert five-way method and was distributed to the study sample, which was a department of Islamic banking and investment management in the two banks, and the two samples were treated as they are one sample because the purpose of the study is not to know the difference between the two samples or their arrangement but increasing sample volume so be reflective of the study population of a Libyan commercial banks that have implemented Islamic banking. The study concluded that the Islamic banking in Libya contributes to achieving economic development through its financing formulas and the investment it provides works to activate the national economy and provide the necessary funds for owners of small and medium projects by taking care of investment projects, activating the funds, achieving fair distribution and directing the money on its right track in a way that serves the individual and society.