Components and disadvantages of applying the Salam sale formula in the Libyan Agricultural Bank

Abstract

This study aims to find the possibility to apply Bay’ Al-salam in the Libyan Agriculture Bank, also to presents the obstacles which are faced the bank to use this formula. This study was based on six variables, which are: laws and legislation factor, financial capacity of the Bank factor, the human experiences and competencies factor, attitudes and the desire of management factor, the factor of regulation and administrative procedures, and facilities and equipment factor. Practically, this study has been utilised questionnaire method in order to collect data, the study sample in a sample of (80) officials works in the Libyan agricultural bank, and it has been used statistical analysis software (SPSS). As a result, this study found out that the laws and legislation factor, human experiences and competencies factor, the factor of administrative regulation and regulation and administrative procedures factor have been represent as obstacles to apply Bay' Al-salam formula. On the other hand, financial capacity factor, attitudes and the desire of management factor, as well as facilities and equipment fact represent as obstacles to the Libyan agricultural bank to provide Bay' Al-salam formula.