Difficulties and problems facing the application of Islamic banking financing formulas for the purpose of sustainable development

Abstract

Abstract

This study aims to identify the obstacles that prevent the application of the Libyan commercial banks formulas to the Islamic financing forms necessary to achieve sustainable development in Libya, and the study relied on the descriptive analytical approach, the study concluded with a set of results, the most important of which are problems and obstacles facing the application of Islamic banking in the banks under study For the purpose of development, these problems and obstacles are represented in the basic and human-related constraints that stand in the way of applying Islamic banking and the difficulty of complying with the provisions of Islamic Sharia, and finally the obstacles related to the legal and administrative environment. The judiciary in which banks operate.