12-month qirāḍ partnership · 20% of actual Net Profit to the Capital Provider · 80% to the Muḍārib · Capital and profit are not guaranteed
Qirad GroupHalal enterprise partnership
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Understand before participating

What qirāḍ is - and what it is not.

A qirāḍ joins Capital supplied by a Capital Provider with skill, labour and management supplied by a Muḍārib. Actual profit is shared at an agreed ratio; ordinary commercial loss is borne by the Capital Provider unless caused by proven Muḍārib fault.

The essential arrangement

The Capital Provider supplies the agreed Capital. Isma-eel Isaacs and Maahier Esa, trading as Qirad Group, act jointly as the Muḍārib and manage the approved mandate.

Under the standard commercial terms, 20% of actual Net Profit is allocated to the Capital Provider and 80% to Qirad Group. The internal division of Qirad Group’s share does not alter the Capital Provider’s entitlement.

The 20% is not 20% of the Capital contributed. It is 20% of actual Net Profit realised under the agreement.

What makes it different from a loan

Capital is not advanced as an interest-bearing debt. No fixed return, minimum profit or guaranteed repayment is promised. Qirad Group risks receiving no remuneration where no Net Profit is realised.

The fixed term

The agreement runs for 12 months from the Commencement Date. The Commencement Date follows signature, cleared receipt of Capital, completion of FICA and compliance checks, and approval of an available deployment plan within the mandate.

Profit, loss and final accounting

Net Profit means realised surplus after direct, necessary, properly evidenced and permitted investment expenses, and after applicable prior unrecovered losses or liabilities. Quarterly reporting is provided, with a final account on maturity or termination.

Ordinary commercial loss is borne by the Capital Provider. Qirad Group is liable only to the extent that proven loss was caused by fraud, dishonesty, wilful misconduct, unauthorised use of funds, material negligence, transgression of mandate or breach of an express restriction.

Early cancellation

A Capital Provider may deliver a signed Cancellation Note before maturity. Early cancellation causes forfeiture of all profit attributable to the Capital. The remaining amount due is paid within one Business Month after receipt, after lawful losses, liabilities, permitted expenses and final reconciliation.

The opportunity universe

The current mandate may include South African property, Chemtec applications, medical-supplies procurement and sale, lawful government procurement opportunities and partnerships with halal businesses. These categories do not guarantee deployment in every sector.