CHALLENGES AND OPPORTUNITIES OF INTEREST FREE BANKING (IN CASE STUDY OF CBE NOOR SERVICES IN WOLKITE TOWN IMAMU AL BUKHARI BRANCH)

Abstract

The general objective of this study is to show the possible opportunities of Interest free banking in CBE NOOR Service and to assess and find out the probable potential challenges and obstacles that hinder the successful establishment and operation of IFB in cases of CBE NOOR service. The study has been conducted only based on the processes and methodologies used. The researcher were assess the rationales behind the prohibition of interest, the need for Interest free banking, and some of many opportunity of interest free banking in Ethiopia. It also addressed the probable potential operational challenges of this bank in cases of CBE NOOR service only. Research design is the method and procedures for collecting and analyzing required data. The choice of research design depends on objectives of the researcher want to achieve or the research questions the researcher wants to answer. Descriptive research includes surveys and fact-finding enquiries of different kinds.