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Business loan fromAED 50K - AED 500k
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Decisions typically in72 hrs
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Borrow over3 mths – 2 yrs
Take your company to the next level with finance that
Start borrowing
Turn Capital
Into Your Competitive Edge
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Quick and EasyApply in minutes and get approved in 72 hours.
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Transparent PricingClear and transparent pricing without hidden fees.
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No Prepayment FeesRepay your loan early with no extra cost.
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World Class ServiceOutstanding customer service.
Quick and easy process
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Apply onlineSubmit an online application in 5 minutes.
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Get approvedAfter assessing a successful application, we will send you an offer within 72 hours.
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Receive FundsOnce you accept our offer, we will launch a fundraising campaign. You will get the funds within 24 hrs of completion.
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RepaymentsPay monthly, or settle your obligations early with no extra fees.Start borrowing
Take your business to the next level with finance that arrives in days. Funding Souq
provides a platform that provides businesses with quick and affordable access to
funding.
Shariah Compliance
At Funding Souq, our core values revolve around offering investment and borrowing opportunities that align with the principles of Shariah. We attained our certification from Dar Al Sharia which is a subsidiary of Dubai Islamic Bank. To ensure our commitment to these principles, our in-house Sharia Supervisory Board diligently evaluates each investment opportunity, conducting regular reviews of our processes. For more details, you can access our certificate by clicking
Supporting Local SMEs
Working in the diesel trading industry requires continuous maintenance of our premises to ensure safety of our operations. In the pandemic our cashflows got affected and we reached out to Funding Souq. The team was very quick and transparent in responding to our needs.
Arbab Kamal Ahmad,CEO
Shining Star Diesel
Our vision is to expand and provide logistic services all around the world. For our UAE operations, Funding Souq has been a reliable funding partner as they quickly acted on our finance need. I look forward to working with Funding Souq in the future again.
Freight Move Logistics,CEO
Tinil Mukkalitharayil Markose
This is the third time we borrow from Funding Souq and overall the experience has been positive. The funds helped us secure a large project that really moved the needle for our company.
Pansoft Technologies,CEO
Mohammed Nazim Shaikh
In the News
Islamic finance entrepreneurs eye new frontiers
The global Islamic finance services industry’s value hit $2.19tn in 2018, according to the Islamic Financial Services Board. But growth was slower than the previous year, at a rate of 6.9 per cent rather than 8.5 per cent. The board said geopolitical and economic trends were partially behind the slower pace of expansion.
Saudi Crowdfunding Platform Funding Souq Raises $2.5M In Seed Capital
Saudi-based crowdfunding platform Funding Souq said that it has raised $2.5 million in a seed funding round, bringing its total funding so far to $2.82 million.The latest funding round was led by angel investors, including the Partner at 500 Global Amal Dokhan, Omar Aljeraisi, Christian Kunz, and existing investors Partner at STV Mazin Alzaidi, Musaab Hakami, and IslamicFinanceGuru.
Shams and Funding Souq collaborate
In keeping with their strategic alliance, Funding Souq (FS) and Sharjah Media City (Shams) have raised approximately Dh10 million through a special programme intended to lend to approved small- and medium-sized entrepreneurs and projects associated with Shams. To further support the expanding business community, the initiative is anticipated to reach Dh35 million in the near future. The programme’s 100th loan was distributed this year.
Saudi-based Funding Souq raises $2.5 million Seed
Founded in 2020 by Martin Jaouni, Funding Souq connects investors with SMEs looking to raise funding with ticket sizes ranging between $20,00-150,000, enabling investors to get more exposure to SME lending and realise an internal rate of return (IRR) of 20 per cent. he funding will go towards developing more synergies between the company's network of debt investors and family offices and banks to launch new Shariah-compliant fintech products, with plans to expand its regional presence.
Our Partners
FAQs
The cost of borrowing varies depending on the internally generated risk rating and the tenure of the loan. The fee varies from a one-off of 2-5%. Funding Souq doesn’t charge any additional fees.
Yes, businesses can have more than one funding request at any point in time. However, a business must have made several successful repayments on their existing facilities prior being approved for a second facility.
Businesses undergo a due diligence process that is led by the credit team. The risk assessments analyse business and financial performance as well as qualitative facts such as the strength of the management team, industry sentiment and others. The process also includes a site visit.
Repayments can be settled early with no penalties.
Repayments can made either be processed electronically through bank transfers or post-dated cheques can be issued in line with UAE banking practices.
Businesses need to be established in the UAE with a minimum of 2 years of trading. The venture needs to have $1 million of revenue, a strong track record and profitable or on path to profitability. All businesses will undergo extensive due diligence through the credit assessment process.
Campaigns need to be fully funded for them to be classified as complete. In case it fails to generate enough interest, the collected funds are distributed to their beneficial owners. An oversubscription is not possible as the funding campaign automatically closes on completion.
Funding Souq offers financing between AED 50k - AED 500k on terms of 3-24 months.
