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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.

Jordan Manufacturing value added trajectory in original units.15.0416.317.5618.8220.0820072012201620202025YearManufacturing value added (% of GDP)
Jordan

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.

Jordan descriptive medians by bank type, 2000 to 2022 where observations are available.14.1717.921.6325.3529.0819992005201120172023YearLogged FIRE-related financing volume (natural log) (natural-log units)
IslamicConventional

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