fundingsouq.com Reviews

Funding Souq is a crowdfunding platform that connects established businesses with investors. The platform uses technology to connect both parties through the principle of crowdfunding, i.e., raising small amounts of funds from many individuals. Funding Souq is committed to offering investment and borrowing opportunities that align with the principles of Shariah. It is certified by Dar Al Sharia, a subsidiary of Dubai Islamic Bank. Investing with Funding Souq is presented as one of the highest yielding investment options for retail and professional investors. Apart from the returns, investors benefit from monthly passive income, data-driven decisions, unique opportunities, and low barriers to entry. For businesses, Funding Souq aims to support them by providing quick decisions, a hassle-free approach, and radical transparency. Debt-based crowdfunding, often referred to as peer-to-peer (P2P) lending, is explained as a contemporary financing method where investors provide capital to businesses or individuals via an online platform. In the case of Funding Souq, the beneficiaries are established businesses (SMEs). The platform ensures the security of information technology and data protection through robust measures, including encryption of sensitive data, periodic security audits, and compliance with regulatory standards on cybersecurity. It also employs firewall protections, intrusion detection systems, and security information and event management (SIEM) systems to monitor and analyze security events in real-time. Funding Souq Limited is regulated by the Dubai Financial Services Authority (DFSA) under license number F005822 and operates an Islamic window. It maintains a segregated client money account with Emirates NBD in Dubai. The website also provides detailed information on risks and credit assessment. It mentions that business financing exposes capital to risks, particularly in the case of early-stage businesses, and that the risk and credit assessment provided by Funding Souq is only a guideline. It also highlights that professional clients will qualify for preferential pro-rata investing allocation through an auto-investing facility. The website emphasizes that the net yield is a projected return based on previous performance and the profit rate agreed in the finance contract, and unforeseen events may impact actual returns. It also provides contact information for support and additional inquiries. The website uses cookies, and it provides a link to its privacy policy for details. It offers registration options for investors and businesses, along with various resources such as a business finance calculator, statistics, FAQs, and a blog. The website also includes testimonials from investors and borrowers, as well as a section for news and updates. Overall, the website presents itself as a regulated and Sharia-compliant crowdfunding platform that aims to connect investors with established businesses, particularly SMEs, and provides detailed information on its operations, risk management, and regulatory compliance.”

the reasons behind this review :
Regulated by the Dubai Financial Services Authority (DFSA) under license number F005822. Certified by Dar Al Sharia, a subsidiary of Dubai Islamic Bank, for Sharia compliance. Provides detailed information on risks and credit assessment. Emphasizes the projected return and the impact of unforeseen events on actual returns. Highlights the use of debt-based crowdfunding and its benefits for both investors and businesses. Explains the security measures in place for information technology and data protection. Maintains a segregated client money account with Emirates NBD in Dubai. Offers registration options for investors and businesses, along with various resources such as a business finance calculator, statistics, FAQs, and a blog. Includes testimonials from investors and borrowers. Provides contact information for support and additional inquiries. Uses cookies and provides a link to its privacy policy for details.