Below are the core features offered by Funding Souq versus Tameed. Both platforms offer crowdfunding solutions to SMEs, allowing investors to make healthy returns on sharia-compliant investments and borrowers to quickly tap the financing they need to sustain their businesses.
But there are many key differences. So which platform is best for you? Below we’ve highlighted the primary features you will enjoy as an investor or a borrower, so you can easily compare and contrast.
AR
Platform feature |
Funding Souq |
Tameed Platform |
Testing |
Funding Souq is the only crowdfunding platform in the Middle East that is regulated in 2 countries – Saudi Arabia & the UAE.
Funding Souq’s KSA platform can onboard only Saudi nationals and residents as per the Saudi Central Bank regulation.
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Tameed’s platform can only onboard Saudi nationals and residents.
Saudi-based investors lend to businesses in Saudi Arabia in need of purchase order financing.
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What is the minimum investment? |
The minimum investment is SAR / AED 1,000, which approximates to $270. |
The minimum investment is SAR 1,000 |
What is the maximum investment? |
In Saudi Arabia: |
The maximum limit for the participating investor during the calendar year is 200,000 SAR, For professional (eligible investors) no limits apply. |
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Platform feature |
Funding Souq |
Tameed Platform |
Testing |
Funding Souq is the only crowdfunding platform in the Middle East that is regulated in 2 countries – Saudi Arabia & the UAE.
Funding Souq’s KSA platform can onboard only Saudi nationals and residents as per the Saudi Central Bank regulation.
|
Tameed’s platform can only onboard Saudi nationals and residents.
Saudi-based investors lend to businesses in Saudi Arabia in need of purchase order financing.
|
What is the minimum investment? |
The minimum investment is SAR / AED 1,000, which approximates to $270. |
The minimum investment is SAR 1,000 |
What is the maximum investment? |
In Saudi Arabia: |
The maximum limit for the participating investor during the calendar year is 200,000 SAR, For professional (eligible investors) no limits apply. |
|
|
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