Saleh Al-Tamami stands at the forefront of Oman’s fintech revolution as the co-founder and CEO of Mamun, a crowdfunding platform that is redefining financial access for businesses. Under his leadership, Mamun has raised over 1 million Omani rials (RO) for small and medium enterprises (SMEs) in less than a year, showcasing the potential of alternative financing models. Saleh’s vision for ethical, Sharia-compliant finance aligns with Oman Vision 2040, making him a key figure in driving economic growth and inclusivity in the region.
Founding Mamun
In 2019, Saleh Al-Tamami co-founded Mamun with Mohammed Al Tamami and Ahmed Al Issaei to tackle financing challenges for SMEs in Oman. Mamun’s crowdfunding platform offers Sharia-compliant funding, addressing gaps left by traditional banks. Saleh’s “circular finance” model empowers entrepreneurs and promotes economic inclusivity.
Saleh strategically focused on crowdfunding to support SMEs, vital to Oman’s economy. By enabling investments as low as 50 rials, Mamun makes funding accessible, fostering a community-driven ecosystem and reflecting Saleh’s commitment to sustainable growth.
Leading the Way in Fintech
As CEO, Saleh Al-Tamami has driven Mamun to raise over 1 million OMR in its first year, showcasing strong leadership. His vision extends beyond fundraising, focusing on a robust financial ecosystem with new investment products for retail and institutional investors to empower businesses.
Saleh aligns Mamun with Oman Vision 2040, emphasizing sustainable, Sharia-compliant finance. “Crossing RO1 million in under a year shows our commitment to ethical solutions,” he said. His blend of technology and ethics has made Mamun a fintech leader.
A key initiative is Mamun’s partnership with Numa, a Jordanian fintech, to offer financial solutions for freelancers. This collaboration, which Saleh calls a “sustainable ecosystem,” broadens Mamun’s impact to include gig workers.
Vision for the Future
Saleh Al-Tamami envisions Mamun as a pioneer in ethical and inclusive finance. His goal is to leverage technology to make financial services accessible to all, particularly underserved groups like SMEs and freelancers. He sees Mamun not just as a crowdfunding platform but as a catalyst for economic empowerment. “Our mission to drive innovation and technological advancement in Oman continues to gain momentum,” Saleh said, reflecting on Mamun’s recognition by Deloitte.
Looking ahead, Saleh plans to expand Mamun’s offerings, introducing new investment products and strengthening partnerships. The company’s focus on Sharia-compliant solutions ensures it remains relevant in a region where ethical finance is highly valued. Saleh also acknowledges the importance of institutional support, crediting the Financial Services Authority, the Ministry of Finance, and the Sustainable Finance Committee for fostering an environment where fintech can thrive.
Recognition and Impact
Mamun’s success under Saleh’s leadership has earned it significant accolades. The company was named the best Islamic Finance and Investment startup at the Themar Islamic Banking Conference, highlighting its commitment to ethical finance. Additionally, Mamun was ranked 26th in Deloitte’s Technology Fast 50 for the Middle East & Cyprus, earning a spot among MENA’s Rising Star 50 startups. These awards reflect Mamun’s scalability and impact, as well as Saleh’s ability to lead a forward-thinking organization.
Saleh has expressed gratitude for the support of industry leaders like H.E. Abdulsalam Al Murshidi, who has championed Oman’s startup ecosystem. “This award highlights our commitment to innovation and ethical finance and the potential of Islamic P2P financing as a vehicle for economic empowerment,” Saleh remarked. Mamun’s zero non-performing loans (NPLs) further underscore its robust risk management, a testament to Saleh’s strategic oversight.
Saleh Al-Tamami’s leadership at Mamun illustrates the transformative potential of fintech in Oman. From founding the company in 2019 to achieving milestones like raising 1 million OMR, Saleh has demonstrated a commitment to innovation, ethics, and inclusivity. His alignment with Oman Vision 2040 and focus on Sharia-compliant financing have positioned Mamun as a leader in the region’s financial sector. Through strategic partnerships and a vision for sustainable growth, Saleh is empowering SMEs, freelancers, and investors alike. As Mamun continues to innovate, Saleh Al-Tamami remains a driving force in shaping a more inclusive and prosperous economic future for Oman.
