What is the cost to borrow and what fees does Funding Souq charge?

The profit rate varies depending on the internally generated risk rating and the tenure of the fund. Additionally, the borrower pays a one-off origination fee that varies between 2-5%.

Is it possible to have multiple contract facilities on the platform?

Yes, businesses can have more than one facility at any point in time. However, a business must have made several successful repayments on their existing facility prior being approved for a second facility.

What is the due diligence process for businesses?

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.

Is it possible to repay early and what are the associated penalties?

Repayments can be settled early with no penalties.

How do I make repayments?

Repayments can made either be processed electronically through bank transfers or post-dated cheques can be issued in line with UAE banking practices.

Fast, Flexible Business Financing

in UAE

Take your company to the next level with
our Shariah-compliant finance that arrives in days.

Get funded

Business Funding

Flexible loans

Business loan from AED 50K - AED 500k

Quick Approvals

Decisions typically in 72 hrs

Flexible Repayment Terms

Borrow over 3 mths – 2 yrs

Fast, Flexible Business Financing

in UAE

Take your company to the next level with
our Shariah-compliant finance that arrives in days.

Get funded

Business Funding

Flexible loans

Business loan from AED 50K - AED 500k

Quick Approvals

Decisions typically in 72 hrs

Flexible Repayment Terms

Borrow over 3 mths – 2 yrs

Funding Souq provides a platform that provides business with fast, transparent, and Shariah-compliant funding.

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Turn Capital into

Your Competitive Edge

Quick and Easy

Apply in minutes and get approved in 72 hours.

Transparent Pricing

Clear and transparent pricing without hidden fees.

No Prepayment Fees

Repay your loan early with no extra cost.

World Class Service

Outstanding customer service.

Quick and Easy

Process

Apply online

Submit an online application in 5 minutes.

Get approved

Once we've reviewed your application, you'll receive an offer within 72 hours.

Receive Funds

Once you accept our offer, we will launch a fundraising campaign. You will get the funds within 24 hrs of completion.

Repayments

Pay monthly, or settle your obligations early with no extra fees.

Get funded

Borrower Eligibility Criteria

Business Registration

Businesses must be registered in the UAE for at least 2 years.

Minimum Revenue

The venture must have a revenue of at least AED 2 million.

Profitable or On Track to Profitability

The business should be profitable or on the path to profitability.

Credit Scoring

All businesses will undergo extensive due diligence through the credit assessment process

Shariah Compliance

Funding Souq offers Shariah-compliant investment and financing solutions. We are dedicated to following Islamic principles and have a Shariah Supervisory Board ensuring compliance of each transaction.

Certified by Dar Al Shariah