Souqalmal (Money Market) Logo needs a Makeover

souqalmal.com, souqalmal, سوق المال

Ever got confused between Credit Cards? Or not sure which Personal loan to pick?

Souqalmal.com allows you to compare financial products such as Credit Cards, loans, bank accounts and Insurance. So you can make your pick, after comparing all the options on one page. Its money made simple!

- Company website : http://www.souqalmal.com
- Company main focus products: Car insurance, personal loan, credit card, health insurance
- Company new home page: the company has a new design for the home page and the logo should match the new design look.

- Logo style : We prefer our new logo to be easy to remember, simple, modern rounded letter and bold (between medium and thick)
- feel free to design with icon and give it a try without, we also like only creative text.
- Try to include 2 color orange and blue, and feel free to choose a style.
- icon shape "Circle or square" or any other shape that fit with the letter S
the idea behind it to use this small icon in our social media, and make people recognize our brand by this simple icon,

Logo meaning : Souqalmal is 2 words “souq” meaning = market, “al” meaning = “the”, and “mal” meaning = money
Website details : Multi languages website (English, Arabic)

- Our target audience:
Local residence of UAE, Saudi Arabia and the expats (UAE residence from different countries)

We would like to know the story, thought process or logic behind how you arrived on the logo, as shared by you. It would be nice to understand the thought behind the logo design.
The attached logos are what we are using currently, and we don't like how the letter "s" looks. Kindly also share how this logo would like as a favicon and as a Social Media profile picture.