When each of the 20 people were swindled out of 1,500 rials (Dh14,300) by a jomeea financing scheme, they had no option but to report the “crime” to the police. Even before they made the complaint, they knew they had little hope of getting their money back.
Jomeea is a tradition practised in Omani communities to raise funds for individuals to finance the purchase of a property, such as a farm, or the construction of a house. Each member of the jomeea, on a rotational basis, collects a fixed amount of money from the other members each month.
Members in a jomeea group can be as few as five but regularly number more than 30. The amount of money changing hands ranges from 50 rials to 2,000 rials a month, depending on the financial status of participants. Each member receives the amount he contributed when his turn comes. The person receiving the money continues to contribute until the round ends.
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