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Country story

Jordan

Jordan’s banking system includes full-fledged Islamic institutions supervised by the Central Bank of Jordan.

Islamic banks operate within the national framework with dedicated prudential and liquidity arrangements.

Islamic banking assets18.85B2024
Manufacturing value added16.86 % of GDP2024
Median largest disclosed shareholding20.26 % of disclosed equity2024 · median across 13 qualifying banks
How Islamic finance is organised

Islamic banks operate within the national framework with dedicated prudential and liquidity arrangements.

Why this case matters

Jordan shows how an Islamic segment can be institutionally recognised inside a comparatively small, externally constrained economy.

Central tension

Dedicated liquidity tools can support institutional functioning without determining the developmental destination of finance.

What cannot be inferred

The public evidence does not measure firm-level job creation or isolate the effect of central-bank facilities.

Descriptive comparison

Manufacturing value added

Latest available year: 2024.

15.0416.317.5618.8220.0820072012201620202025YearManufacturing value added (% of GDP)
Jordan
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Jordan Manufacturing value added trajectory in original units. Values for Year and Manufacturing value added (% of GDP) by series.
SeriesYearManufacturing value added (% of GDP)Source note
Jordan · 20082,00819.59Authorised country-level annual series
Jordan · 20092,00918.04Authorised country-level annual series
Jordan · 20102,01017.03Authorised country-level annual series
Jordan · 20112,01117.43Authorised country-level annual series
Jordan · 20122,01217.04Authorised country-level annual series
Jordan · 20132,01317.71Authorised country-level annual series
Jordan · 20142,01417.3Authorised country-level annual series
Jordan · 20152,01516.89Authorised country-level annual series
Jordan · 20162,01616.63Authorised country-level annual series
Jordan · 20172,01716.64Authorised country-level annual series
Jordan · 20182,01816.37Authorised country-level annual series
Jordan · 20192,01916.27Authorised country-level annual series
Jordan · 20202,02015.74Authorised country-level annual series
Jordan · 20212,02115.45Authorised country-level annual series
Jordan · 20222,02215.7Authorised country-level annual series
Jordan · 20232,02316.38Authorised country-level annual series
Jordan · 20242,02416.86Authorised country-level annual series

What this visual showsA verified country trajectory in the measure’s stated unit.

What it does not establishA causal effect of Islamic finance on the observed outcome.

Descriptive comparison

Financing directed towards FIRE-related activities

Country-year medians by bank type. Each point reports its covered-bank count.

FIRE ordinarily refers to finance, insurance and real estate. Here the measure is broader: it captures bank financing reported for financial institutions, insurance, real estate and consumer-durable activities. It is used as a proxy for firm-level financialisation. The measure does not imply that every underlying financing claim is speculative, harmful or unproductive. It is a sectoral-allocation proxy and a level measure that is sensitive to bank size.

14.1717.921.6325.3529.0819992005201120172023YearLogged FIRE-related financing volume (natural log) (natural-log units)
IslamicConventional
View chart data
Jordan descriptive medians by bank type, 2000 to 2022 where observations are available. Values for Year and Logged FIRE-related financing volume (natural log) (natural-log units) by series.
SeriesYearLogged FIRE-related financing volume (natural log) (natural-log units)Source note
Islamic · 20002,00015.43 covered banks
Islamic · 20012,00116.023 covered banks
Islamic · 20022,00215.673 covered banks
Conventional · 20032,00324.451 covered bank
Islamic · 20032,00316.193 covered banks
Conventional · 20042,00424.671 covered bank
Islamic · 20042,00416.233 covered banks
Conventional · 20052,00524.821 covered bank
Islamic · 20052,00516.183 covered banks
Conventional · 20062,00624.741 covered bank
Islamic · 20062,00620.353 covered banks
Conventional · 20072,00726.062 covered banks
Islamic · 20072,00720.183 covered banks
Conventional · 20082,00827.055 covered banks
Islamic · 20082,00820.263 covered banks
Conventional · 20092,00924.891 covered bank
Islamic · 20092,00920.633 covered banks
Conventional · 20102,01025.111 covered bank
Islamic · 20102,01020.763 covered banks
Conventional · 20112,01125.281 covered bank
Islamic · 20112,01120.723 covered banks
Conventional · 20122,01225.351 covered bank
Islamic · 20122,01220.633 covered banks
Conventional · 20132,01326.5210 covered banks
Islamic · 20132,01320.623 covered banks
Conventional · 20142,01426.5510 covered banks
Islamic · 20142,01420.783 covered banks
Conventional · 20152,01526.6210 covered banks
Islamic · 20152,01520.933 covered banks
Conventional · 20162,01626.7210 covered banks
Islamic · 20162,01621.093 covered banks
Conventional · 20172,01727.0510 covered banks
Islamic · 20172,01721.143 covered banks
Conventional · 20182,01827.0410 covered banks
Islamic · 20182,01821.163 covered banks
Conventional · 20192,01927.0810 covered banks
Islamic · 20192,01921.163 covered banks
Conventional · 20202,02027.1310 covered banks
Islamic · 20202,02021.263 covered banks
Conventional · 20212,02127.4210 covered banks
Islamic · 20212,02121.373 covered banks
Conventional · 20222,02227.6110 covered banks
Islamic · 20222,02221.463 covered banks

What this visual showsDescriptive median logged volumes among covered banks.

What it does not establishA bank-size-adjusted or causal difference between bank types.

Institutional sources