The extent of the possibility of Islamizing the banking system

Abstract

The financial crises that rocked the world’s economies, especially the banking sector, contributed to the need to find an appropriate alternative to traditional banking, epecially since the recent global financial crisis has demonstrated the ability of Islamic banks to cope with crises, due to the nature of the work of these banks based on the prohibition of interest, and the use of formulas Funding based on profit instead of interest. From this point of view, the idea of ​​research boils down to the possibility of switching from traditional banking to Islamic banking, which has proven successful at the local and global levels, and whether the countries have the means necessary to implement the requirements of the process of transformation from traditional to Islamic banking. Loan, Interest ، Inflation، Economic Crises، Banking Services