All UK registered business can apply for financing on the Qardus platform. Businesses must be:
- Limited Liability Company with UK registered shareholders
- Minimum of 3 years trading history (Start-ups and sole traders are not eligible)
- No outstanding CCJ's
- Stable cash flows
As Qardus is a Sharia-compliant platform, businesses with their main activities in the following sectors are excluded:
- Advertisers of pork, alcohol, gambling, tobacco and all other non-Islamic activities
- Advertising means and modes which contravene the tenets of Islam
- Media & Entertainment (Exceptions that are allowed on the platform include: News Channels, Newspapers, Sports Channels, Children’s Channels, Educational Channels):
- Producers, distributors and broadcasters of music, movies, television shows and musical radio shows
- Financials, except the following that are allowed:
- Islamic Financial Institutions
- Islamic Insurance Companies
- Trading of gold and silver as cash on deferred basis