The Possibility of Establishing Investment Funds in Libyan Commercial Banks

Abstract

This paper aims to study the feasibility of establishing investment funds in Libyan commercial banks, focusing on the challenges and factors affecting the success of this initiative. The study analyzes the legislative and regulatory environment, the availability of qualified human resources, and assesses the current state of the Libyan financial market and the level of awareness among employees and clients regarding the importance of investment funds. The paper employs a descriptive-analytical approach, using questionnaires as the primary data collection tool. The results showed that Libyan commercial banks face numerous challenges, most notably a weak legislative framework, a shortage of specialized expertise, and limited awareness of the concept of investment funds. Despite these challenges, banking sector employees demonstrated a clear desire to develop this field to enhance banking performance and support financial stability. The study concluded with a set of recommendations, the most important of which are: the need to improve the legislative environment, qualify and train human resources, and work to raise awareness of the importance of investment funds among both investors and bankers.