Oman's keritsu, cultural money walks, and the economy

Abstract

Purpose

To show the social role of money and how Omanis understand and work upon this social concept.

Design/methodology/approach

Sample surveys and diagrams for easy understanding of sampling results.

Findings

A strong sense of the social concept of money exists among Omanis. This is displayed by the wish to have interest‐free Islamic concept of money and savings.

Research limitations/implications

Can be developed more elaborately by larger samples and more analytical methods.

Practical implications

A pilot project to study the response of Omanis to the Islamic social concept of money in Omani economy and social perspectives.

Originality/value

This is an original paper as it touches on a sample survey for data on strategic planning of future financial instruments to satisfy Omani Islamic needs in an interest‐free environment.

Citation

Al‐Moharby, D. and Khatib, N. (2007), "Oman's keritsu, cultural money walks, and the economy", Humanomics, Vol. 23 No. 1, pp. 39-57. https://doi.org/10.1108/08288660710725127