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Purpose

To show the social role of money and how Omanis understand and work upon this social concept.

Design/methodology/approach

Sample surveys and diagrams for easy understanding of sampling results.

Findings

A strong sense of the social concept of money exists among Omanis. This is displayed by the wish to have interest‐free Islamic concept of money and savings.

Research limitations/implications

Can be developed more elaborately by larger samples and more analytical methods.

Practical implications

A pilot project to study the response of Omanis to the Islamic social concept of money in Omani economy and social perspectives.

Originality/value

This is an original paper as it touches on a sample survey for data on strategic planning of future financial instruments to satisfy Omani Islamic needs in an interest‐free environment.

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