Publication:
Enhancing Active Participation of SMEs and Islamic Banks Towards Economic Diversification in Oman

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dc.ConferencecodeAccounting Res Inst, Management Sci, Adv Comp & Commun, Core Res Management Ctr, Univ Teknologi MARA
dc.ConferencedateAUG 17-18, 2015
dc.ConferencelocationPutrajaya, MALAYSIA
dc.Conferencename4th International Accounting and Business Conference (IABC)
dc.contributor.authorAlMaimani, Jen_US
dc.contributor.authorJohari, FBen_US
dc.date.accessioned2024-05-29T03:27:12Z
dc.date.available2024-05-29T03:27:12Z
dc.date.issued2015
dc.description.abstractOver the last 40 years, Oman has achieved a remarkable economic growth with major efforts to diversify its resources of income to reduce its dependency on hydrocarbons. The key objective for the government is to boost the role of the private sector and enhance its participation as a major player in the economy through explicit support of Small and Medium Enterprises. SME compromises 90% of the total number of companies in the country. With such large domination, the government had designed and implemented strategies in this direction which involve enhancing rules and regulation as well as institutional infrastructure. Also, the government, for the first time, in 2011 has adopted the practice of Islamic banking system in order to address Shariah compliant finance requirement for businesses and projects. This paper is largely based on academic research that will shed light on aspects related to development of SMEs and Islamic banks in Oman. The study is conceptual in nature and analytical method is used based on the secondary documentation related to the government policy / programs regarding to enhancing active participation of SMEs and Islamic Banks towards economic diversification in Oman. It can be concluded that the government is keen to make such cooperation with the private sector succeed because it will bring about future active participation and subsequently diversification of the national economy. (C) 2015 The Authors. Published by Elsevier B.V.en_US
dc.identifier.doi10.1016/S2212-5671(15)01156-9
dc.identifier.epage688
dc.identifier.issn2212-5671
dc.identifier.scopusWOS:000381102700075
dc.identifier.spage677
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/12194
dc.identifier.volume31
dc.languageEnglish
dc.language.isoen_USen_US
dc.publisherElsevier Science Bven_US
dc.relation.ispartofInternational Accounting And Business Conference 2015, Iabc 2015en_US
dc.sourceWeb Of Science (ISI)
dc.subjectOmanen_US
dc.subjectSMEsen_US
dc.subjectIslamic banksen_US
dc.subjectIslamic Financeen_US
dc.subjectprivate sectoren_US
dc.subjectinvestmenten_US
dc.titleEnhancing Active Participation of SMEs and Islamic Banks Towards Economic Diversification in Omanen_US
dspace.entity.typePublication

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