ForexQ.com
ForexQ.com
Investment platform · United Arab Emirates
According to its official website, Funding Souq is a crowdfunding platform that aims to finance the growth of SMEs; the site says the company was established in late 2020 and expanded to Saudi Arabia in 2021. Investors provide finance with monthly principal and profit repayments to businesses that pass a credit assessment; the site says investing can start with 1,000 AED, that individual investors can invest up to 365,000 AED per calendar year and up to 36,000 AED in any one business, that professional investors with a net worth above 3.75 million AED have no limit, and that companies can register as corporate investors. Client money is said to be held in segregated client accounts with United Arab Bank and protected under the DFSA client money rules; the platform operates an Islamic window. The site also states that Funding Souq is the only crowdfunding platform regulated in both the UAE and Saudi Arabia. Funding Souq Limited, listed in the DFSA register under reference F005822, is authorised with retail client, client asset and Islamic window endorsements for operating a crowdfunding platform. This information is the company's own statement.