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 business finance should make a positive contribution to our world, whether faith-based, social or environmental. Qardus uses ethical and Sharia screening criteria to ensure successful applications for our finance product align with our values.
Your successful trading history is the key that unlocks unsecured business finance. Based on our analysis of your firm’s financial health and our data-driven risk assessment, we offer business finance on an unsecured basis. In short, this finance is not tied to the assets in your business. This allows us to make a positive decision faster, giving you quicker access to the funds you’re looking for.
An unsecured loan gives you faster access to capital that you can put to work in your business. It’s a popular component of the small business finance mix, providing flexibility and convenience. However, because of the interest charges, unsecured loans are not Sharia-compliant. Our funding solution has all these advantages with the additional benefit of conforming to Sharia principles.
Through our unsecured business loan alternative, you can access funding of between £50,000 and £200,000. Put this to work to develop and grow your business.
There’s no collateral
This is a huge benefit, because you’re not required to offer any assets as security for the funds. Get the funds your business needs while retaining the flexibility to manage your assets as you choose.
It’s easy to apply
Making it straightforward for business owners to apply means eliminating unnecessary paperwork and process. We ask you for the information we absolutely need, nothing more.
You get the funding fast
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 decide how to spend the money
It’s your business, so you know where to put the funds to work. As with any other unsecured business loan, you have significant flexibility on how you use it.
There are no interest charges
Our finance complies with Sharia principles, which prohibits the charging of interest. 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 many different industries.
Athar Ahmad, Founder, Zoomash Limited
Use our business loan alternative 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.
Our fee structure is simple and transparent:
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.
Any established and creditworthy business currently operating in the UK can apply for financing on the Qardus platform, including partnerships, limited companies and non-limited companies.
Businesses must have:
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: