English
Funding Souq would like to thank Dr. Khalid Al Midfa and his team for initiating this partnership and recognizing the need for better SME funding options.
The programme offers flexible financing schemes ranging from 3 to 24 months and has already registered its first beneficiary and success story with Pansoft – an IT solutions provider technology consulting firm catering to corporations and government clients alike.
Founded in 2020, Funding Souq operates a loan crowdfunding platform under authorization
from the Dubai Financial Services Authority (DFSA).
Funding Souq acts as an online marketplace that connects yield seeking investors with SMEs that are looking to borrow from $20,000 to $50,000
Investors will have the opportunity to invest in business loans that are guaranteed by SHAMS which significantly reduces the risk of any loss. In simpler terms, if any business fails to pay back, SHAMS will step in and repay the investor their principal and profit!
Disclamer:
"Funding Souq Limited (DIFC) is regulated by DFSA. SME Financing carries a potential default risk which may result in loss of all or part of your investment, incur costs or delays in receiving payments. Funding Souq operates Islamic Window, pursuant to which it's Shariah Supervisory Board (SSB) has reviewed the Shariah Compliant structure, to which this marketing material relates. SSB Members are from Safwa Shariah Advisory Pvt. Ltd., whose details are available on Funding Souq website."
