Qardus is the UK’s first ethical & Sharia-compliant business crowdfunding platform.
Qardus is primarily a social impact investment platform that promotes financial inclusion. The SMEs that are financed by this platform were prior to this financially excluded due to the lack of financial products that conform to their ethics & values.
Recently there have been a number of new entrants into the UK halal investment market, and the halal investment options in the USA and globally have significantly increased as well.
The driving force behind this uptick is that enabling technology and regulation has become increasingly user-friendly and a new generation of millennials are designing halal online investments that are going directly to the Muslim consumer rather than via financial advisors, banks, or other financial institutions.
There is a strong growth spurt projected for the next 10 years not only in the European countries (United Kingdom, Germany especially) but also in Africa, the Middle East and Asia. In Europe, in particular, we are seeing second-generation Muslim immigrants that are more financially savvy and better educated than their parents and are thus looking for this kind of product.