Yes, there is.  It's called "SNAPSHOT ISOLATION".  That's almost exactly like Oracle: point-in-time for SELECTs, version rows stored to handle long-running queries, readers don't block writers, writers don't block readers, etc.  SQL offers two way to implement it.

1) Set the entire db to SNAPSHOT (SET READ_COMMITTED_SNAPSHOT ON).  All trans using normal READ COMMITTED will run as snapshot, with no app changes required.

2) Set db to ALLOW_SNAPSHOT_ISOLATION.  Individual trans can then specify snapshot or not.