Islamic banks financing of FinTech start-ups in Oman: An exploratory study

This study mainly aims to explore the current practice and prospects of FinTech start-ups financing in Oman, particularly IFIs (Islamic Financial Institutions) practices challenges faced by these obtaining it. The applies qualitative methods procedures in-depth interviews with eight Islamic banks’ managers Oman. findings revealed that Oman still infant stage below its potential. might be due general lack interest this area Omani start-up businesses. situation clear strategic vision financial institutions, including both conventional institutions regards Fintech start-ups. also showed prefer long term schemes, while (IFIs) generally offer short on Musharakah Ijarah contracts. Lastly, are positive regarding growth success It is noteworthy one early studies addresses from an perspective, hence places ground for future conducted area.