مدى إمكانية تطبيق صيغة تمويل الخدمات و المنافع في المصارف الليبية

The Law no. 1 of the year 2013 issued by the Central Bank of Libya has caused a challenge for Libyan banks, because this law has prevented all Libyan commercial banks from providing personal loans with interest (riba) at a time when there was no existence of Islamic banking activities. This problem called for finding a suitable alternative for personal financing. An alternative would be creation of financing services and benefits based on Shari`ah rules. Therefore, this research aims to study the conditions and work mechanisms for the mode of financing services and benefits and the possibility of employing it as a source of personal finance in Libyan banks. This research uses descriptive and analytical approaches. The study has arrived at a number of findings. The most important of them are: it is possible to implement the mode of financing services and benefits as a source of personal finance to meet the needs of customers, and this mode has the characteristics that qualify it to be a good alternative for personal loans.