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Country story
Oman
Oman authorised Islamic banking through full-fledged banks and windows and subsequently updated its banking law.
The Central Bank of Oman’s framework covers licensing, governance, accounting, capital and risk, with a central High Sharīʿah Supervisory Authority.
The Central Bank of Oman’s framework covers licensing, governance, accounting, capital and risk, with a central High Sharīʿah Supervisory Authority.
Oman offers a relatively recent institutional introduction, allowing the difference between regulatory creation and productive consequence to remain visible.
Purpose-built governance can establish legitimacy before enough evidence exists to judge long-run allocation effects.
The available period is too short to attribute structural economic change to the regulatory introduction.
Descriptive comparison
Manufacturing value added
Latest available year: 2024.
Oman
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.
ConventionalIslamic
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