Funding Souq & SHAMS Join Forces to Support SMEs!

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Funding Souq Editorial Team
Tech Writer
Jul 20, 2022
Funding Souq’s editorial team comprises experienced finance and investment professionals that are on a mission to fuel SME growth, create jobs, and drive the economy forward. They aim to share their extensive experience and industry know-how to empower entrepreneurs and investors alike.
Jul 20, 2022

Funding Souq is thrilled to partner up with SHAMS and contribute to the prosperity of SMEs in the UAE.


This partnership will allow Funding Souq to accelerate its support towards

media and tech companies by offering quick and reliable business loans. 


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.


Under the agreement, Shams will introduce businesses that are seeking business loans to Funding Souq, while the latter refers existing borrowers or potential ones to Shams, where the most promising ventures can be allowed to benefit from Shams’ various facilities.


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


How does this partnership benefit investors?


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!


"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."

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