Qardus is the UK's first Sharia-compliant SME lender.
0% of minimum goal raised
Minimum Target £ 250,000 |
Minimum investment amount £ 25,000 |
Maximum Target £ 1,200,000 |
Maximum investment amount £ 1,200,000 |
Qardus is a tech-driven alternative financing platform delivering seamless, ethical, and Sharia-compliant financial services for SMEs and investors. Our mission is to transform Islamic finance by harnessing data and analytics to deliver smarter, faster, and more accessible Sharia-compliant funding.
SMEs: Sharia-compliant working capital finance facility of between £50k to £200k (both unsecured and secured) in the UK.
Investors: Fixed-income investment products that generated around 11% per year on average.
Going forward: Financing as a Service (FaaS) solution for Islamic banks in the GCC region.
Going forward:
In the UK, the 4 million strong British Muslim community contributes over £31 billion to the UK economy (2012 stats). However this highly entrepreneurial community is massively underserved due to the lack of financial services that align with their ethics and values.
There is a gap in the market in particular when it comes to Sharia-compliant (i.e. Islamic) business financing options for SMEs and fixed income products for investors.
Globally, even though the Islam finance market is expected to reach £3.69 trillion by 2024, 35% of SMEs in Islamic (OIC) countries are deterred from obtaining financing due to a lack of Islamic financing options (IFC).
Current Revenue Stream:
We charge SMEs an upfront arrangement fee of up to 10% of the facility size.
We also charge investors an ongoing annual servicing fee of 5% of the funds under management.
Future Revenue Stream
In addition to the fees highlighted, going forwards we plan to charge:
Financing as a Service (FaaS) fees for use of our proprietary technology by Islamic financial institutions across the globe.
SMEs: Sharia-compliant working capital finance facility of between £50k to £200k (both unsecured and secured) in the UK.
Investors: Fixed-income investment products that generated around 11% per year on average.
Going forward: Financing as a Service (FaaS) solution for Islamic banks in the GCC region.
Going forward:
In the UK, the 4 million strong British Muslim community contributes over £31 billion to the UK economy (2012 stats). However this highly entrepreneurial community is massively underserved due to the lack of financial services that align with their ethics and values.
There is a gap in the market in particular when it comes to Sharia-compliant (i.e. Islamic) business financing options for SMEs and fixed income products for investors.
Globally, even though the Islam finance market is expected to reach £3.69 trillion by 2024, 35% of SMEs in Islamic (OIC) countries are deterred from obtaining financing due to a lack of Islamic financing options (IFC).
Current Revenue Stream:
We charge SMEs an upfront arrangement fee of up to 10% of the facility size.
We also charge investors an ongoing annual servicing fee of 5% of the funds under management.
Future Revenue Stream
In addition to the fees highlighted, going forwards we plan to charge:
Financing as a Service (FaaS) fees for use of our proprietary technology by Islamic financial institutions across the globe.