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Financial Perspectives Of Islamic Bank’S In Oman

Author

Listed:
  • MOHAMMED, Shariq

    (Department of Accounting, College of Commerce and Business Administration, Dhofar University, Salalah, Sultanate of Oman.)

  • ALAM, Mohammad Noor

    (Department of Accounting, College of Commerce and Business Administration, Dhofar University, Salalah, Sultanate of Oman.)

Abstract

This paper discusses about the inauguration of banking system in Oman. It studies the financial position of Islamic banks working in the Sultanate. This paper is studying the profitability of Islamic Banks in Oman. This study was a pilot test for the questionnaire in which 50 respondents filled the questionnaire. It was concluded that the respondents had high awareness of Islamic banking products in Oman. Secondly, Majority of the people are Muslim, therefore they like to use Islamic Banking. Thirdly, majority of the Muslims are high at their religiosity, therefore they also like to use the Islamic Banking. But with all these results of study one cannot understand why the Islamic banks are not able to have high profits. These findings suggest also suggest that Islamic Banking is rapidly increasing its assets in Oman.

Suggested Citation

  • MOHAMMED, Shariq & ALAM, Mohammad Noor, 2020. "Financial Perspectives Of Islamic Bank’S In Oman," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 24(2), pages 49-63, June.
    • Handle: RePEc:vls:finstu:v:24:y:2020:i:2:p:49-63
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    References listed on IDEAS

    as
    1. Shariq Mohammed & Nadia Sha & Mohammed Ahmar Uddin, 2017. "Determinants of Islamic Banks Acceptance in Oman," International Review of Management and Marketing, Econjournals, vol. 7(1), pages 398-402.
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      More about this item

      Keywords

      Islamic Banking Regulatory Framework (IBRF); Islamic Banks; Financial Performance;
      All these keywords.

      JEL classification:

      • C39 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Other
      • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
      • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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