Terms and Conditions of Use

1. Introduction

1.1 Welcome to MoneySouq.com. This site is owned and operated by MoneySouq FZE LLE (“we”, “us” or “our”) and it's the place where the Middle East’s leading financial products are compared (hereafter MoneySouq).

1.2 PLEASE READ THESE TERMS AND CONDITIONS OF USE (“Terms”) BEFORE USING OUR SITE. By using our site you are agreeing to be bound by these Terms. If you do not wish to be bound by what you read below, you should not use MoneySouq.

1.3 We reserve the right to make changes to these Terms at any time. We inform you of these changes by posting them to this page. It is your responsibility as a user to make sure that you are aware of them, by checking for any changes on a regular basis. Changes will become effective as soon as they are posted. If you continue to use our site after the posting of changes to these Terms, it means that you accept any such changes.

2. What we do

2.1 This site is all about comparing the Middle East’s personal finance products only.  The information that you read on this site is a great starting point for your further research into what suits your particular personal finance requirements.

3. What we do not do

3.1 The information we provide does not address your individual requirements. In particular, our information does not constitute any form of advice, recommendation, representation, endorsement or arrangement by us and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. If we mention companies on our site, we usually do so because of their attractive rates or general commercial attractiveness. As general policy we do not vet them on customer service or investigate their solvency. Given that the impact of any information expressed on our site can vary widely based on your particular circumstances, you should always carry out your own research into the product that is of interest to you.

4. Privacy Policy

4.1 We take your privacy seriously. Please read our Privacy Policy to see how we deal with this information.

5. Links

5.1 Our site includes details on, or links to information provided by other websites. We do not control the accuracy or completeness of that information. You take full responsibility for using that information and verifying it and for any decision to use, purchase or refrain from purchasing any of the services or products mentioned on a linked site. If you do purchase products or services from another website please read their terms and conditions carefully before deciding to buy. Remember, terms and conditions contained in other websites will stand as a contract between you and the operating company.  The said contract will be binding between you and the company. MoneySouq will not be held liable for your contractual obligations toward another company.

5.2 When you use other websites, any personal information you give them will be dealt with in line with their privacy polices, not ours, so please read the privacy policies of each and every such website before using them.

5.3 Some of the links included on our site are affiliated links. These are links which take you directly or indirectly to a financial product provider. This may result in us receiving a fee or commission as a consequence of you clicking through to their site or purchasing a product from them.

5.4 You are welcome to link to our site if you comply with the terms set out in this section and all applicable laws. Any site or service that links to our site:

5.4.1 can display a MoneySouq logo but must not otherwise use any MoneySouq trade marks without our express written consent;

5.4.2 must not remove, distort or otherwise alter the size or appearance of our logo;

5.4.3 may link only to our homepage unless we have given you our prior written consent;

5.4.4 must not in any way imply that we are endorsing the site or its products or services;

5.4.5 must not misrepresent its relationship with us or present false information about us;

5.4.6 must not be a site or service that infringes any intellectual property or other right of any person or that otherwise does not comply with all relevant laws and regulations;

5.4.7 must not be a site or service that contains unlawful content that could be considered distasteful or offensive.

5.5 If you breach these terms, then we reserve the right to require that your link is removed and to take whatever other action we deem appropriate.

6. Our content

6.1 All of the content on our site is owned by MoneySouq (or our licensors) and is protected by international copyright laws.

6.2 The content on our site includes any information or other material found on MoneySouq, including forums, articles, databases, graphics, software and all other features of our site. You are allowed to use the content for personal, non-commercial use only. None of our content may be republished, posted, transmitted, stored, sold, distributed or modified without our prior written and express consent.

7. Your content

7.1 You own any copyright in the text that you post to our forums. However, when you post text, you expressly grant us a perpetual, unlimited free license to republish that text on our site and to redistribute/make available and/or sell that text in print or electronic form anywhere in the world as part of an edited compilation or otherwise.

8. Disclaimer of warranties and liability

8.1 We provide our site in good faith but we can not and do not warrant the completeness, the truth or the accuracy of the information or other content or postings found on our site, or their usefulness for any particular purpose. You acknowledge and agree that you bear full responsibility for your own personal finance research and decisions and that we shall not be liable for any action that you or others take or don't take based on your use of or reliance on information provided by us or other users of this website.

8.2 We do not guarantee that your access to our site, or its content will be delivered uninterrupted, timely or error-free, or that the site will be free from viruses or any other harmful properties. It is your responsibility to implement satisfactory safeguards and procedures to make sure any files you obtain through our site are free from such contaminations or other harmful properties.

8.3 You acknowledge that under no circumstances will we be held liable for any direct, indirect, incidental or other type loss or injury resulting from your use, or downloading of any content on our site.

9. Forum/Message Board/Communications with other users

9.1 We encourage debate and the sharing of information between our users. However, we do require that your use of our forums and any other communication systems that we provide is lawful.

9.2 You may not use the forums or any of our communications systems for any illegal purpose. In particular you will not:

9.2.1 post or transmit material that infringes the intellectual property rights or other rights of others or post or transmit any material that is unlawful, obscene, defamatory, threatening, harassing, abusive, or hateful, to any other person as determined by us in our sole discretion;

9.2.2 post or transmit advertisements or solicitations of business;

9.2.3 after receiving a warning, continue to disrupt the normal flow of dialogue, or post or transmit comments that are not related to the topic being discussed;

9.2.4 post or transmit chain letters or pyramid schemes;

9.2.5 impersonate another person;

9.2.6 disguise the IP address of the connection used to post any message;

9.2.7 post or transmit any files containing viruses or other harmful computer code;

9.2.8 harvest or otherwise collect or use information about others, including e-mail addresses, without their explicit consent;

9.2.9 allow any other person or entity to use your identification for posting or viewing comments or for communicating with other users;

9.2.10 post the same note more than once or “spam”; or

9.2.11 engage in any other conduct that restricts or inhibits any other person from using or enjoying these areas of our site, or which, in our judgment, exposes us to any liability or detriment of any type;

9.2.12 intentionally make false or misleading statements about investments, their price or their prospects;

9.2.13 post either intentionally or otherwise, any material that could have the effect of manipulating the market value of any investment;

9.2.14 give investment advice by way of business or make financial promotions;

9.3 Please note that any posting of information in these forums is the opinion of the person posting only and in no way reflects our opinions or attitudes.

9.4 We reserve the right (but we are not obliged) to do any or all of the following:

9.4.1 record the communications in forums and communications systems;

9.4.2 investigate a claim in relation to any one or more communication that does not conform to the provisions of clause 9 of the present Terms and determine in our sole discretion to remove or request the removal of the communication(s);

9.4.3 remove without notice communications which are abusive, illegal, or disruptive, or that otherwise fail to conform with these Terms;

9.4.4 terminate a user's access to post messages to any or all of our forums;

9.4.5 monitor, edit, or disclose any communication in the forums;

9.4.6 edit or remove any communication(s) posted on our website, regardless of whether such communication(s) breaches these Terms.

9.5 Any decision we make to remove or request the removal of any communication or to terminate or suspend the posting privileges of any user of the forums shall be final and binding. The termination or suspension of posting privileges shall apply to any and all user accounts that may have been used by that person, whether or not opened by that person.

9.6 If you are notified that your posting privileges have been suspended or terminated, you will not attempt to reregister as a user of the Forum or make any posts on it in any guise whatsoever.

9.7 When former users whose posting privileges have been removed do reregister or otherwise disrupt the Forum, this spoils the Forum and can cause severe distress or disturbance to other users. Dealing with the unwanted posts of former users distracts us from the core purpose of the site and ties up management and technician time. Therefore in such circumstances we reserve the right to:

9.7.1 Report offenders to their ISP.

9.7.2 Charge offenders for the administrative costs of identifying and removing their posts at the rate of 300 AED per hour necessarily spent plus any external costs that we incur.

9.7.3 Take legal action to recover these costs.

9.7.4 Report offenders to the authorities if their actions appear to amount to a breach of any relevant criminal legislation.

10. Indemnity

10.1 You agree to indemnify us, our directors, officers, employees and licensors from and against any claim, liability, cost, damage or loss we may incur (including reasonable legal fees) as a result of:

- any material that you post or transmit on our communication forums or via our comms systems,

- any actions you take which disrupt access to and/or the functioning of our site,

- or any breach by you of your obligations under these Terms.

11. General

11.1 If any of these provisions are deemed invalid, void or unenforceable these provision(s) will be deemed severable from the rest and will not affect the validity and enforceability of any remaining provisions.

11.2 This website is directed to users in the United Arab Emirates only unless otherwise specified for specific items posted on this site.

11.3 These Terms shall be governed by the laws of the United Arab Emirates and any dispute between us will be resolved exclusively in the United Arab Emirates.  Should any dispute arise out of the formation, performance, interpretation, nullification, termination or invalidation of these Terms or arising therefrom or related thereto in any way, the parties shall endeavor to settle the dispute in an amicable manner.

Any above mentioned dispute which can not be settled by mutual agreement shall be settled in Dubai by arbitration in accordance with the provisions set forth under the DIAC Arbitration Rules (“the Rules”), by three arbitrators appointed in compliance with the Rules.

12. Changes

12.1 These Terms were published on 12 November 2011 and replace with immediate effect any previous terms.

13. Contact us

This site is owned and operated by
MoneySouq FZE LLE

Registered in the United Arab Emirates

If you have any questions about our site or these Terms and Conditions, please contact us via our site contact information.

Posted: 12 November 2011