Providing entrepreneurial advice to start-up
and existing enterprises, as well as explaining other services and privileges
granted by the Foundation to its members. And directing applicants to the
appropriate services according to the needs related to their project.
1. What are the most
important conditions for accepting a funding request?
• The
enterprise shall be wholly owned and managed by UAE national(s).
• Enterprise
to be located in Dubai.
• The
applicant shall personally implement and develop the business plan.
• The
applicant should devote time and efforts for managing the enterprise.
• The
age of the enterpriser shall not be less than 21.
• For
credit loan: The age of the project owner should not exceed 65 years during the
repayment period.
• The
validity of the trade license shall not exceed 5 years
• Enterprise
to be located in Dubai.
• For
those with new experiences in entrepreneurship; the enterprise should meet the
requirements and be economically viable.
• Reference: https://thefund.ae/en/services
2. What are the
documents required to accept the application?
• Copy
of the passport
• Copy
of the family book
• Biography
• Sample
Project Creation Program - (Project Management)
• Project
executive summary/work plan
• Feasibility
Study
• Estimated
cash flow statement less than 3 years
3. If the applicant is
not working, is the application accepted?
Yes
4. What activities can
be funded?
• Projects
in all sectors are eligible for funding, except: (Applicable to Seed Capital
Loan, Invoice / LPO Finance, Term Loan, Asset Finance Loan, Credit Loan &
Crowd Funding Loan)
o Real
estate and construction companies
o Gold
Trading Companies.
o Cafes
and restaurants
o Document
clearing entities and Brokerage firms
o Cafes
and Shops Serving Tobacco
o Consultancy/advisory
firms
o Public
benefit organizations
o Pets
Trading and Services
o Car
Rental Companies
o Recruitment
Agencies
o Trading
in Nationally/ Internationally Banned Products
o Food
and Beverage Activities (*Only Permitted for Expansion Finance)
o Food
Trading
o General
trade
o Beauty
Centers and Salons
o Other
activities not followed by Sharia Compliant
o The
minimum financial contribution of 20% is determined for the applicant for
funding according to the decision of the committee and depends on the type of
activity and the percentage of risk in it, and it is paid in advance.
o That
an operations manager and an accountant be appointed with the approval of the
fund before starting the project.
• Reference: https://thefund.ae/en/services
5. What is the maximum
grace period?
24 months
6. What is the maximum
funding limit?
Million dirhams directly from the fund
3 Million Dirhams Credit Guarantee
7. How much are the
benefits?
None
8. What is the
minimum/ maximum repayment period for payments?
The minimum 30 days and the maximum 5 years
9. Is the funding
request accepted if there is a debt to one of the banks?
Yes, provided that the percentage of deductions
for the applicant is less than 50% according to the Central Bank Law
10. The necessity of
having the Fund as a partner in the project license (legal partner)?
No, the Fund does not own any stake in any
license funded by the Fund
11. What are the
procedures in case of project failure / non-payment of payments?
Taking into account the reasons for default,
and trying to reschedule the remaining loan amount in easy installments
12. Does the fund follow
up on the financial management of the project during / after the financing and
payment period?
Yes, the fund team will follow up after the financing
period until the loan is repaid
13. How many projects
are financed per person in the same period?
The applicant is not entitled to apply for more
than one project at the same time
14. Would it be possible
to apply for funding for a new project after the first project payments have
been completed?
Only in case of obtaining Invoices and Local
Purchase Orders Service
15. Are home projects
funded (Intelaq)?
Yes, in the case of accelerating the project
from the Intelaq license, and it is required to transfer the license from a
home to a trade one
16. Is an existing
project required when applying?
No
17. What is the funding
for (assets, transportation, etc.)?
Depends on the type of project activity, and
each project has a clear plan agreed upon by both parties. Does the Funding
cover the basic cost of the project? Related to capital or assets, equipment,
and financing may cover the operational cost for up to 6 months only, and the
operational cost is meant: Any kind of monthly wages for the operation of the
project or its productivity
18. Is the funding done
by the fund directly or through the bank?
All services are funded directly by the Fund,
except for the credit guarantee service provided through the banks contracting
with the Fund and credit guarantee service through Beehive.
19. Does the fund take a
percentage of the project's profits?
No
20. Does the fund
conduct a feasibility study for the project with the applicant?
No, the fund analyzes the feasibility study
submitted by the client, and then the fund team specializes in a feasibility
study at an advanced level in terms of financial and detail.
21. Does the fund
guarantee the project in the bank?
Yes, if the bank
agrees to fund the project. Providing entrepreneurial advice to start-up
and existing enterprises, as well as explaining other services and privileges
granted by the Foundation to its members. And directing applicants to the
appropriate services according to the needs related to their project.
1. What are the most
important conditions for accepting a funding request?
• The
enterprise shall be wholly owned and managed by UAE national(s).
• Enterprise
to be located in Dubai.
• The
applicant shall personally implement and develop the business plan.
• The
applicant should devote time and efforts for managing the enterprise.
• The
age of the enterpriser shall not be less than 21.
• For
credit loan: The age of the project owner should not exceed 65 years during the
repayment period.
• The
validity of the trade license shall not exceed 5 years
• Enterprise
to be located in Dubai.
• For
those with new experiences in entrepreneurship; the enterprise should meet the
requirements and be economically viable.
• Reference: https://thefund.ae/en/services
2. What are the
documents required to accept the application?
• Copy
of the passport
• Copy
of the family book
• Biography
• Sample
Project Creation Program - (Project Management)
• Project
executive summary/work plan
• Feasibility
Study
• Estimated
cash flow statement less than 3 years
3. If the applicant is
not working, is the application accepted?
Yes
4. What activities can
be funded?
• Projects
in all sectors are eligible for funding, except: (Applicable to Seed Capital
Loan, Invoice / LPO Finance, Term Loan, Asset Finance Loan, Credit Loan &
Crowd Funding Loan)
o Real
estate and construction companies
o Gold
Trading Companies.
o Cafes
and restaurants
o Document
clearing entities and Brokerage firms
o Cafes
and Shops Serving Tobacco
o Consultancy/advisory
firms
o Public
benefit organizations
o Pets
Trading and Services
o Car
Rental Companies
o Recruitment
Agencies
o Trading
in Nationally/ Internationally Banned Products
o Food
and Beverage Activities (*Only Permitted for Expansion Finance)
o Food
Trading
o General
trade
o Beauty
Centers and Salons
o Other
activities not followed by Sharia Compliant
o The
minimum financial contribution of 20% is determined for the applicant for
funding according to the decision of the committee and depends on the type of
activity and the percentage of risk in it, and it is paid in advance.
o That
an operations manager and an accountant be appointed with the approval of the
fund before starting the project.
• Reference: https://thefund.ae/en/services
5. What is the maximum
grace period?
24 months
6. What is the maximum
funding limit?
Million dirhams directly from the fund
3 Million Dirhams Credit Guarantee
7. How much are the
benefits?
None
8. What is the
minimum/ maximum repayment period for payments?
The minimum 30 days and the maximum 5 years
9. Is the funding
request accepted if there is a debt to one of the banks?
Yes, provided that the percentage of deductions
for the applicant is less than 50% according to the Central Bank Law
10. The necessity of
having the Fund as a partner in the project license (legal partner)?
No, the Fund does not own any stake in any
license funded by the Fund
11. What are the
procedures in case of project failure / non-payment of payments?
Taking into account the reasons for default,
and trying to reschedule the remaining loan amount in easy installments
12. Does the fund follow
up on the financial management of the project during / after the financing and
payment period?
Yes, the fund team will follow up after the financing
period until the loan is repaid
13. How many projects
are financed per person in the same period?
The applicant is not entitled to apply for more
than one project at the same time
14. Would it be possible
to apply for funding for a new project after the first project payments have
been completed?
Only in case of obtaining Invoices and Local
Purchase Orders Service
15. Are home projects
funded (Intelaq)?
Yes, in the case of accelerating the project
from the Intelaq license, and it is required to transfer the license from a
home to a trade one
16. Is an existing
project required when applying?
No
17. What is the funding
for (assets, transportation, etc.)?
Depends on the type of project activity, and
each project has a clear plan agreed upon by both parties. Does the Funding
cover the basic cost of the project? Related to capital or assets, equipment,
and financing may cover the operational cost for up to 6 months only, and the
operational cost is meant: Any kind of monthly wages for the operation of the
project or its productivity
18. Is the funding done
by the fund directly or through the bank?
All services are funded directly by the Fund,
except for the credit guarantee service provided through the banks contracting
with the Fund and credit guarantee service through Beehive.
19. Does the fund take a
percentage of the project's profits?
No
20. Does the fund
conduct a feasibility study for the project with the applicant?
No, the fund analyzes the feasibility study
submitted by the client, and then the fund team specializes in a feasibility
study at an advanced level in terms of financial and detail.
21. Does the fund
guarantee the project in the bank?
Yes, if the bank
agrees to fund the project.