Apply online in minutes
Tell us about your business using our simple online form.
We approve you based on your business performance. Our soft search does not impact your credit score.
Decision in two days
You’ll get a funding offer in less than 48 hours, if your application is approved.
Receive your funds
Receive the money within 2 days of your offer being funded.
We believe businesses should serve their communities well and make a positive contribution to the world. Our Islamic finance helps by ensuring growth is funded through value-based investment. We welcome applications from both Muslim and non-Muslim businesses that align with our values.
Islamic finance allows you to grow your business the halal way. It’s about doing business in line with Islamic principles, known as Sharia law. Muslims looking to apply Sharia law desire to avoid paying or receiving interest. They seek funding in line with the principle of sharing risk and rewards. Islamic finance avoids involvement in industries deemed damaging to society, such as those involving gambling or alcohol.
Islamic finance is open to all, not just to Muslims.
Any UK company can apply for Islamic finance, as an alternative to a conventional business loan. Just because the funding is Sharia-compliant does not restrict who can benefit from our ethical approach.
Our finance differs from conventional loans because it’s an interest-free method of raising working capital.
Get fast access to funding of between £50,000 and £200,000 that you can use to develop and grow your business. Funds available within seven working days of your application being approved.
No collateral required
We don’t ask you to use any of your business assets as security for the finance. You get the finance you need while retaining the flexibility to manage your assets as you choose.
The application is easy
You’re not asked to supply any unnecessary information or paperwork. We’ve streamlined the process because we know your time is valuable.
Once your offer is fully funded you will receive the money in your account in 2 days. Because it’s unsecured, there are no assets to value or similar hurdles to get in the way.
You stay in control
It’s your business, so it’s important you stay in control of how the funds are used. You have significant flexibility on how you use the finance we provide.
There are no interest charges
There are no interest payments. Instead, we do charge a rate (i.e. profit rate) that’s set in advance and a processing fee, which is agreed with you at the start.
Socially responsible finance
We’re pleased to provide finance for businesses and organisations that make a positive contribution to society. This includes many small and medium-sized firms across a wide range of different industries.
It was a pleasure to work with Qardus to secure growth funding for our social care home business. The process was quick and simple, and we reached our desired funding size within just a few weeks. We highly recommend Qardus to other SMEs looking for affordable and straightforward business financing.
Mohammed, Director, Headway Housing
Use our unsecured growth finance to help your business thrive.
Protect your cash flow
Unexpected costs can disrupt the best laid cash flow plans. Use unsecured finance to boost available cash, allowing you to better adapt to changing circumstances.
Upgrade your equipment
Unlock commercial advantage by implementing newer, faster, more efficient equipment. It could be speedier computers, faster production machines, or better communications gear.
Freshen up your image
Improve the appeal of your business by giving it a more up-to-date image, smartening up your premises and your team. A refresh can help draw in new customers.
Invest in growth
You know where to go for growth. Using our unsecured business finance, you can have the money you need to seize those new opportunities and to thrive.
We charge an arrangement fee ranging from 5% to 7% that is paid by the small business seeking financing on drawdown of the funds. In practice, it will be retained from the advance.
An administration fee of 15% of arrears may be applied to any repayments that are more than 7 days late.
If your facility is placed into default, we may charge an additional collections charge of up to 15% of the outstanding financing amount at the time of default.
Your application to obtain funding on the Qardus platform can take minutes to complete. Once this is done, our credit assessment team will review your complete application and get back to you within 48 hours (2 working days).If your application is approved, you have agreed to your financing agreement and have set up your Direct Debit, your financing request will automatically be listed on the marketplace so that registered Qardus investors can review it and offer to fund your business. Your financing facility can fund over a period of up to 14 days, although most financing arrangements fund in just a few days. As soon as it's 100% funded your listing will close and we will send you a confirmation email. As long as your financing facility is fully funded before 3pm on any working day, we will transfer the funds into your designated business bank account the same day. (NB: Funds can take up to 3 days to reach your account).
The total cost of your financing facility includes the rate you pay to investors, and Qardus fees. The rate (i.e. profit rate) your business pays back is determined by a number of factors, including the risk band your financing facility is given during our credit assessment process, and the length of repayment term. Your facility will be allocated a risk band once you have submitted your complete application to obtain funding on the Qardus platform.
Qardus currently provides the following type of financing: