Where investors meet entrepreneurs
1st Ethical, (operating as part of OneE Group Limited) provides shariah compliant finance (musharaka) to entrepreneurs needing funds to establish or grow their business. This finance is provided in exchange for our investors purchasing a share of the ownership of the business. Our role in many ways resembles that of a ‘business angel’.
We focus solely on businesses which are UK based, requiring £100,000 to £500,000 of funding.
We Do:
- Share in the risks & rewards (profits & losses) of the business.
- Provide the investors and business with all relevant shareholder agreements etc prepared in a shariah compliant manner.
- Where applicable, apply for EIS relief on behalf of the investors which can lead to 20% of the cost of the investment being offset against tax due on other income.
- Prior to investment, provide where requested initial due diligence services.
- Post investment, provide where request ongoing wider business support services.
We Don't:
- Provide a cost competitive alternative to a conventional bank loan (musharaka and interest based finance are not designed to compete on a cost comparison basis).
- Invest in unethical sectors.
- Invest in businesses based outside the UK.
- Provide advice to investors as to the suitability of investing in any business – we facilitate an introduction between the investors and the business.
- Facilitate funding for property purchase / development projects.
Submit Your Proposal
To apply for funding, please complete the following six questions, which should take you no more than a few minutes.
To do so, please click on the link below, answer the questions, and then send to us. We aim to reply to all enquiries within three working days of submission.
Please include all information you think might be helpful to us.
Knowledge base
The Knowledge Base offers an opportunity for everyone to learn more about the principles and practice of traditional and contemporary Islamic Finance.
Contact Department
For more information, please contact us using these details:
1st Ethical
Springfield Court
Summerfield Road
Greater Manchester
BL3 2NT
T: +44 (0)1204 559914
E: info@oneegroup.com
