Kutchi And Bania Capital Built Oman. They Were The Lifelines Of Its Slave Economy

Kutchis were subjects of the Rao of Kutch, an independent princely state in India. Kutchi and Bania communities played a vital role in building Oman, serving as the capital builders. They were the lifelines of Oman's slave economy.

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Sayyid Majid had no coinage of his own. He was dependent upon all the powers who had jurisdiction in Zanzibar for the money that circulated in his dominions. His polity depended also on Indian capital invested by the Kutchis and Banias. He welcomed Kutchis, as they were critical to his slave-driven economy. The Kutchis, unlike the British Indian subjects, were exempt from the ban on slave trade as they technically came from the protected territory of Kutch ruled by their Rao. This was of huge benefit to Majid. He was compelled to emancipate slaves held by British Indian subjects when pressured by the Consul. But he was under no such compulsion with regard to the Kutchis. In fact, he justified the Kutchi involvement i...

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