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 provide working capital finance to small and medium-sized firms across the UK. Our product is a socially responsible alternative to a business loan. It gives you the same benefits as an unsecured loan - funding of up to £200k of working capital, repayable over up to 36 months - but it's structured to meet the ethics and values of Islamic finance.
You do not need to be a Muslim to apply.
It's not enough for your business to be profitable. To survive, you need to be sure the amount of cash in your bank is enough to cover your operational needs and your current liabilities. Working capital is the amount of money you have available right now to pay business expenses. Businesses take out working capital loans to ensure their cash reserves allow them to continue trading profitably and to grow.
We provide a cost-effective alternative to a working capital loan.
Any UK-based business can apply for our alternative to working capital loans. They differ from traditional loans, because they're interest-free and they're operated in line with Islamic finance principles.
For the business owner looking for working capital, our business finance offers all the same benefits of a loan, with the extra advantage of it being operated in line with our community values.
Raise funds of between £50,000 and £200,000 through our streamlined application process. Unsecured business finance to help your business grow.
Quick and easy to apply
You don't want to waste time on a lengthy application, which is why we only ask for the information we absolutely need to make a decision.
No assets required as security
Our working capital funding is unsecured, meaning it's not tied to any asset in your business. This makes the application process much faster and leaves you complete freedom in how you manage your assets.
Get the money fast
It's important that you get hold of your working capital quickly, in order to implement your plans. Once your offer is fully funded you get the cash within two working days.
You stay in control
You're in the best position to know how to use extra working capital in your business. You have significant flexibility on how you invest the capital from us.
Give yourself more time to plan
Juggling cashflow can cost you a lot of lost time, particularly when payroll and tax bills are due. Having a good working capital balance can ease that pressure significantly, giving you more time to plan for the future.
Invest in new opportunities
With a stronger short-term cash position it's easier to seize commercial opportunities that present themselves, such as purchasing more stock or taking on new staff.
Testimonials from business owners who've raised working capital through us. BN
Qardus is a great example of the importance of flexible working capital for asset light businesses such as ours. Without the assets to offer a traditional lender as collateral, micro SMEs are often turned away. Qardus worked with us to understand our strategy and ambitions, and the funding provided will support the investment required to update our data service provider, allowing us to have more control of our central costs.
Athar Ahmad, Founder, Zoomash Limited
Take advantage of new funding options for your business.
No interest on working capital
Unlike a traditional business loan, our funding is interest-free. We do charge a fee, which is agreed in advance and is deducted from the proceeds before the cash is paid to you.
Sharia-compliant business finance
Our business funding is Sharia-compliant, meaning it is operated in line with Islamic principles of finance and business.
Ethical alternative to working capital loans
Our funding is based on ethical investing. Environmental, social and governance criteria are considered with the aim of making a positive contribution to society.
Our working capital loans alternative is based on a crowdfunding model. You still get the short-term finance your business needs, repayable over an agreed term of up to 36 months.
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:
Unsecured business loans typically include a personal guarantee. A personal guarantee (when referring to unsecured loans) is a type of unsecured loan agreement.
Unlike a secured loan agreement, an unsecured loan does not obligate the business receiving the loan to give up collateral (business assets) if the business defaults on payment.
The lender may still be able to take your collateral, but not without a court’s permission. It is typical for non-Sharia-compliant businesses to charge a higher interest rate for unsecured loans; whereas secured loans have lower interest rates.