I am interested in using crowd funding platforms (such as Crowd Cube) to invest in businesses.
I can select businesses that operate in halal industries. However, the information provided by these businesses does not always make it clear what they will use the crowd funded capital for. I am worried they could use it to take out loans or to pay off interest rather than use the funds directly. However, due to the less strict legal obligations compared to an IPO, they do not have to provide this information.
Can I still invest in these companies, knowing that I have done everything I can to find out this information? Also are there any Shariah compliant alternatives? I know IFG have an option but it is for larger investments only.