Personal Qardan Hasana Application
We provide Qardan Hasana for personal financing needs, this can be for various reasons e.g. for attending Mawaaqeet Deeniyah, Ziyarat, Haj, Karbala etc.
To ensure your application is processed as quickly and efficiently as possible, please submit all documents in accordance with the requirements outlined below.
Incomplete submissions may result in delays or withdrawal of your application. Please note that, in some cases, our underwriting team may request additional information.
PERSONAL QARDAN HASANA DOCUMENTATION REQUIREMENTS
Please ensure you upload the correct supporting documents based on the amount of Qardan Hasana you’re applying for:
Small Qardan (up to £25,000) – Required Documents:
- 3 months bank statements
- 3 months payslips
- If Self employed; previous year’s trading accounts and SA302 tax returns
Medium Qardan (£25,001 – £75,000) – Required Documents:
- 6 months bank statements
- 6 months payslips
- If Self employed; previous two years’ trading accounts and SA302 tax returns
Large Qardan (above £75,000) – Required Documents:
- 12 months bank statements
- 12 months payslips
- If Self employed; previous three years’ trading accounts and SA302 tax returns
- Accountant’s statement regarding current year
You will also need to provide the following:
- Safai Chitti: You must provide your Safai Chitti obtained specifically for the purpose of Qardan Hasana. You can contact your Amilsaheb / Jamaa’t to obtain it.
- Two Sponsors: Two sponsors are required for your application. Sponsors must be members of the Dawoodi Bohra community in the UK and known to the Foundation.
- Jewellery as Rehen: Jewellery worth at least one-third of the value of the requested Qardan Hasana is required as rehn.
- Covering Letter: Please provide a brief covering letter summarising your application, including the purpose, amount requested, and repayment plan. Kindly ensure it demonstrates your ability to meet repayments responsibly.
- Supporting documents: When applying for Qardan Hasana, please ensure you provide relevant supporting documents based on the purpose of your application, you may provide the following documents to support your application.
Residential Status:
If you are not a British national or do not hold Indefinite Leave to Remain (ILR), you must provide proof of your UK residential status and a valid eVisa. The tenure of the Qardan Hasana must align with your visa validity and must not exceed its duration.
Affordability Assessment:
You will be required to pass a financial affordability test. Qardan Hasana will be granted based on your financial capacity. We will use your income and monthly outgoings to assess your Qardan Hasana affordability, ensuring that repayments do not impose undue financial strain on your budget.