Greenwood2
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Qardus
Aug 26, 2020 7:16:15 GMT
Post by Greenwood2 on Aug 26, 2020 7:16:15 GMT
Their second loan is now listed on their website. Looks good to me. My only concern is that if their finances are as good as the accounts suggest why would they want to borrow more? But I'm in for the same amount as the first loan. Qardus is the only investment that I know of where the standard rule that the higher the rate the higher the risk may not apply, because of the Sharia scenario. What sort of software do they do?
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Nomad
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Post by Nomad on Aug 26, 2020 7:52:51 GMT
Looks good to me. My only concern is that if their finances are as good as the accounts suggest why would they want to borrow more? But I'm in for the same amount as the first loan. Qardus is the only investment that I know of where the standard rule that the higher the rate the higher the risk may not apply, because of the Sharia scenario. What sort of software do they do? The borrower "is a UK based provider of weather forecast data and weather API to customers across the world."
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qwakuk
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Qardus
Sept 12, 2020 9:15:00 GMT
Post by qwakuk on Sept 12, 2020 9:15:00 GMT
Question for investors in the first loan, believe I read somewhere repayments monthly.
Did it happen, is the platform working correctly, transaction history on the website etc
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Nomad
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Qardus
Sept 12, 2020 10:43:21 GMT
Post by Nomad on Sept 12, 2020 10:43:21 GMT
Question for investors in the first loan, believe I read somewhere repayments monthly. Did it happen, is the platform working correctly, transaction history on the website etc Yes, first payment of principal and "profit" received, and website history updated correctly. Very slow take up so far on their second loan...
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qwakuk
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Qardus
Sept 12, 2020 10:48:12 GMT
Post by qwakuk on Sept 12, 2020 10:48:12 GMT
Question for investors in the first loan, believe I read somewhere repayments monthly. Did it happen, is the platform working correctly, transaction history on the website etc Yes, first payment of principal and "profit" received, and website history updated correctly. Very slow take up so far on their second loan... Gives me enough comfort to dip me toe in with loan 2 Can you then withdraw it or just put it forward into loan 2 ?
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Nomad
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Qardus
Sept 12, 2020 10:56:12 GMT
Post by Nomad on Sept 12, 2020 10:56:12 GMT
Yes, first payment of principal and "profit" received, and website history updated correctly. Very slow take up so far on their second loan... Gives me enough comfort to dip me toe in with loan 2 Can you then withdraw it or just put it forward into loan 2 ? Yes, either.
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littleoldlady
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Post by littleoldlady on Sept 12, 2020 15:06:08 GMT
I'm very happy with the platform so far. none of the early warning signs that thankfully saved me on L, RS and C. But make your own assessment.
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Qardus
Sept 12, 2020 16:37:44 GMT
Post by Badly Drawn Stickman on Sept 12, 2020 16:37:44 GMT
Only just come across this, first (only?) loan looked quite interesting.
Not sure I am getting the point of the current offering, Presumably it is a very specific sort of weather forecasting? Seems to be servicing certain companies (blue chip at a glance).
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littleoldlady
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Qardus
Sept 18, 2020 18:07:05 GMT
Post by littleoldlady on Sept 18, 2020 18:07:05 GMT
This may give you a flavour of the platform:
Dear LoL,
Please note that the corporation tax of 19% was not deducted from the first monthly scheduled payment for the One Dose Limited offer. In order to account for this, we have decided to incur the cost ourselves in month 1.
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Qardus
Sept 18, 2020 20:10:25 GMT
Post by Badly Drawn Stickman on Sept 18, 2020 20:10:25 GMT
This may give you a flavour of the platform: Dear LoL, Please note that the corporation tax of 19% was not deducted from the first monthly scheduled payment for the One Dose Limited offer. In order to account for this, we have decided to incur the cost ourselves in month 1. I would have to admit to being slightly embarrassed by my lack of due diligence, but I received £100 fairly easily (bank account transfer) whilst considering this. So just went for it. In simple terms some of us have to be brave/daft enough to encourage new ventures and if I can convince myself it is a free hit, that is better still. I was actually quite impressed with the site and the sign up process, and the email updates on progress was first class. (suspect its a late pledge site currently, seems no need or incentive to go early at this point in time) Oddly registered with Assetz on the same day to have a look around from the inside. I'm classing that as interesting at the moment very surprised at some of the loans.
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zlb
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Qardus
Sept 24, 2020 13:51:40 GMT
Post by zlb on Sept 24, 2020 13:51:40 GMT
What do you think of the (2?) borrowers here? in some ways it could be interpreted to be like crowd2fund in terms of the types of loan lengths and repayment method; and do your own extensive research on each borrower. I understand the SVP difference to an extent, and that Qardus doesn't have a SM. I wonder whether their borrowers' morals and honesty levels also suit the brand - I really do hope so - that would be nice, wouldn't it. I don't understand what my different risk is in terms of investing in an SVP instead of an individual borrower. I know that others listed as P2p end up offering 'borrowers' who list each project as an individual SVP - and that who is reponsible for repayment ends up depending on security. Are Q taking security? Is that even the right question to ask?
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littleoldlady
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Post by littleoldlady on Sept 24, 2020 15:23:57 GMT
Interesting question. I suppose that a borrower who chose to pay a high rate of "profit" compared to the rate of interest he could pay to a bank, would fall into one of two classes:
A devout muslim whose religious convictions will not allow him to pay interest, or
A rather less devout muslim who either cannot get credit because of his credit risk or is a crook who intends to default on the loan.
Provided his business is solvent the first type would make an ideal borrower from a lender's point of view. Both borrowers to date appear to be solvent enough and my only slight concern is why they even need a loan. I am investing on the assumption that Q can tell the difference between the two types and certainly in their start up phase will not want to take any risks.
I made good money out of L aka SS, MT and C during their early years and found it fairly easy to recognise the early warning signs that it was time to get out. I am assuming and hoping that I can repeat the trick on Q should it become necessary - but it may not, fingers crossed.
I am a firm believer in the mantra "the higher the rate the higher the risk" in normal circumstances, but I think it is possible that the Sharia angle may be a way of breaking that rule.
In any event I would never invest money that I simply could not afford to lose, although I do hate losing money.
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zlb
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Qardus
Sept 24, 2020 15:42:40 GMT
Post by zlb on Sept 24, 2020 15:42:40 GMT
Interesting question. I suppose that a borrower who chose to pay a high rate of "profit" compared to the rate of interest he could pay to a bank, would fall into one of two classes: A devout muslim whose religious convictions will not allow him to pay interest, or A rather less devout muslim who either cannot get credit because of his credit risk or is a crook who intends to default on the loan. Provided his business is solvent the first type would make an ideal borrower from a lender's point of view. Both borrowers to date appear to be solvent enough and my only slight concern is why they even need a loan. I am investing on the assumption that Q can tell the difference between the two types and certainly in their start up phase will not want to take any risks. I made good money out of L aka SS, MT and C during their early years and found it fairly easy to recognise the early warning signs that it was time to get out. I am assuming and hoping that I can repeat the trick on Q should it become necessary - but it may not, fingers crossed. I am a firm believer in the mantra "the higher the rate the higher the risk" in normal circumstances, but I think it is possible that the Sharia angle may be a way of breaking that rule. In any event I would never invest money that I simply could not afford to lose, although I do hate losing money. Thanks. I think most people could be thinking about the lower risk of early days when companies are keener to get it right; possibly have a small few low-risk SMEs (C2F the same here); and don't try to expand to satisfy ego and increased lender/investor demand. So the profit rate is one of the remaining questions / what makes the borrower that high a risk?
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littleoldlady
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Qardus
Sept 25, 2020 10:09:20 GMT
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Post by littleoldlady on Sept 25, 2020 10:09:20 GMT
As I said, I am hoping that the reason is not due to any high risk, but rather due to the borrower not able to pay interest, and the Sharia loan market is extremely small in the UK at present. A sound business with an opportunity to make a large profit but lacking liquidity and unable to pay interest would make an excellent borrower from our point of view, and would be willing to pay a high rate if the opportunity were good enough. Of course I might be wrong.
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dave4
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Qardus
Oct 7, 2020 20:12:10 GMT
Post by dave4 on Oct 7, 2020 20:12:10 GMT
New loan on the Qardus £50,000 target, open 31 days.
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