The objective of the study was mainly to shed light on the current state and future prospects of FinTech in Oman, with particular focus on its potential contribution to the Islamic finance industry. The study used qualitative methods in forms of in-depth interviews with eight Islamic banks' managers in Oman. The findings revealed that the FinTech industry in Oman is still operating under-potential. This might be due to the general lack of interest in this area by the Omani startup businesses. This situation might also be due to the lack of financing opportunities by local financial institutions, including both Islamic and conventional financial institutions. The findings also showed that the start-ups in Oman prefer long term financial schemes, while the Islamic financial institutions (IFIs) generally prefer short term financing on Musharakah and Ijarah contracts. Finally, the findings showed that the IFIs are optimistic regarding the prospects of growth and success of FinTech in Oman. It is noteworthy that this is one of the early studies that address the FinTech startups financing from an Islamic perspective, and hence lays the ground for the future studies to be conducted in this area.