Tameed Vs. Funding Souq

Review & Features Comparison

Overview

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.

Features Comparison

For Investors

Platform feature	Funding Souq	Tameed Platform
Who can invest?	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. Funding Souq’s UAE (Global) platform can onboard nearly all nationalities, allowing almost anyone to invest in UAE-based businesses.	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: -Retail investors can invest up to 200,000 per year. However, each investor’s commitment shouldn’t exceed 25% of the requested amount by the business with a maximum cap of SAR 50,0000. For professional (eligible investors) no limits apply. In the UAE: - retail investors can invest up to AED 365,000 per year and SAR/AED 36,000 per business	The maximum limit for the participating investor during the calendar year is 200,000 SAR, For professional (eligible investors) no limits apply.
What returns can investors expect?	Investors can expect a net yield of up to 15% and APY of up to 30% as monthly repayments allow for compound interest. To understand the difference between yield and APY (IRR) read our blog here.	Investors can expect a net yield of up to 14%. The APY is also 14% because the repayment is made at the end of the period rather than monthly.
What are the fees for investors?	The returns displayed on the platform are net of any applicable fees. The presented return is what you should expect to earn.	Investors pay a 20% fee on the yield.
Does the platform have an Auto-Investment option?	Yes. Once enabled, the Auto-Invest system will automatically allocate your recently deposited funds or repayments into the marketplace based on your selected investment strategy.	Yes. Once enabled, the Auto-Invest system will notify you when new opportunities are available and you’ll have 48 hours to cancel the investment, which is based on your investment strategy.

Quick and easy process

Create an account

Register in less than 3 minutes and add funds to your account.
Start investing

Choose your risk appetite and opportunities that match
Receive monthly repayments

Monitor your investment through an interactive dashboard
Re-invest

Maximize your returns and grow your portfolio
Start investing

Funding Souq connects lenders with creditworthy businesses and gives you the necessary tools to make an informed investment decision. Grow your wealth by creating jobs and contributing to the growth of the local economy. For more details, please visit our FAQs

For Businesses

Platform feature	Funding Souq	Tameed Platform
Who is eligible for borrowing?	Any established business in Saudi Arabia or the UAE with a minimum of two years of trading. The business should have at least SAR/AED 2 million of revenue and be profitable or on path to profitability.	Saudi-based SMEs that have Purchase Orders from government agencies or large private companies.
What is the maximum financing duration?	Request financing for periods of 3-24 months. Borrowers can later opt to go beyond 24 months.	The maximum that can be requested is 12 months.
What level of financing is available?	Typically between SAR / AED 100,000 to 1,000,000, but up to a maximum of SAR/AED 7.5 million.	Up to SAR 7.5 million
What are the fees for borrowers?	- Administration fees: 2% to 3% - Monthly profit rate: 1% to 1.5%	- Administrative fees: 2.5% to 2.95% - Monthly profit rate: 1% to 2%
How long does it take to get a funding decision?	Typically within 72 hours.	Typically within one business day.
Are multiple funding facilities permitted?	Yes.	Yes.
Can you repay funds early without penalties?	Yes.	Yes.
Are all finance and investment operations sharia-compliant?	Yes, you can find out more details about our Shariah Certficate	Yes.

Quick and easy process

Apply online

Submit an online application in 5 minutes.
Get approved

After assessing a successful application, we will send you 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

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.