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Islamic Finance Development in the Sultanate of Oman: Barriers and Recommendations

机译:阿曼苏丹国伊斯兰金融发展:障碍和建议

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This paper considers the key potential barriers that are likely to arise with the adoption of a dual financial system in the Sultanate of Oman. Despite the fact that Oman is a predominantly Muslim country, the assumption that this will equate to a significant uptake in Islamic products and services is challenged as factors such as brand recognition and insufficient product knowledge among the population may hinder market penetration. In addition the study provides some recommendations for the success of the Islamic finance development in Oman where financial institutions wishing to offer Shariah compliant services should also not neglect the importance of competing with conventional banks in terms of the quality of service offered in addition to the uniqueness of their products. The availability of a pool of indigenous labor with industry relevant knowledge shall be a vital factor in the sustainable growth and development of the sector in the Sultanate. Finally the paper concludes by highlighting the essential role of educational institutions in providing such a sustainable workforce for Islamic financial institutions through producing graduates with industry relevant knowledge and, in the more immediate term, the provision of training for conventional banking professionals that may make up the current shortfall of qualified labor.
机译:本文认为,随着阿曼苏丹国的双重金融体系,可能会出现的关键潜在障碍。尽管阿曼是一个主要的穆斯林国家,但这使得这将等同于伊斯兰产品和服务的重大摄取被挑战,因为在人口中的品牌认可和产品知识中的品牌认可和不足可能阻碍市场渗透率等因素受到挑战。此外,该研究还为阿曼伊斯兰金融发展成功提供了一些建议,其中希望提供符合亚太地区的金融机构,也不应忽视与传统银行在除了独特性的服务质量方面竞争的重要性他们的产品。具有行业相关知识的土着劳动力池的可用性应成为苏丹国苏丹国部门可持续增长和发展的重要因素。最后,本文最后强调教育机构的重要作用,通过生产具有行业相关知识的毕业生提供伊斯兰金融机构这样一个可持续的员工队伍,并在较近期内,对传统银行的专业人士提供培训,可能弥补目前合格劳动力的不足。

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