Difficulties Facing the Murabaha Formula in Islamic Banking An Analytical Study of Some Commercial Banks in the City of Sabha

Abstract

This study aims to identify the difficulties facing Islamic banking, "Murabaha" in Islamic banks and Islamic banking windows in some branches of commercial banks in the city of Sabha, through the regulatory banking standards of the Central Bank of Libya for Islamic banking transactions. The study seeks to recognize the standards of Murabaha commodity controls for and the guarantee controls standards. The descriptive analytical approach was followed, and the data was analyzed using the statistical software (SPSS). The study concluded the following results: There are statistically significant differences regarding commodity controls standards, with an average greater than the assumed average, which indicates the absence of difficulties in the commodity controls subjected to Murabaha in the Murabaha formula according to the standards. There are no statistically significant differences regarding Murabaha guarantee standards, with an average that does not differ from the assumed average, which indicates the absence of difficulties in applying guarantee controls in the Murabaha formula according to the standards. One of the most important recommendations of the study is for banks to offer or provide the greatest options regarding with guarantees, and the bank should not exceed the value of the guarantee provided when offering the commodity, in application of the standards of the Central Bank