Papaya-3

1) As this is a Murabaha contract (Production - sale), there is no opportunity for investors to exit in emergencies. We will cultivate papayas and sell them to GrowUp enlisted Merchants, so we cannot return your investment before the project's completion.

2) Duration of Investment

The total investment amount will be - 76,88,500

This investment will be for 6 Months.

3) Projected ROI(Return of Investment)

The return on investment (ROI) will be 38% annually. In six (6) months, the investor will receive a halal dividend of 19% (excluding service charges).

4) Investment Part

Here, the minimum investment would be 11,200 TK, or investors can invest up to the project limit. Halal dividends will be disbursed every year.

For example, if someone invests 100,000 TK (one lakh taka), they will receive 138,000 TK, excluding service charges (100,000 TK as the investment part and 38,000 TK as the profit part in a year).

5) Loss Sharing

Grow Up is a Shariah-compliant project, and according to the Murabaha Principle, investors bear no responsibility for any business losses after transferring the liability to the Grow Up authority for the cultivation and sale of papayas to enlisted merchants. Any losses incurred after handing over the product to the agent/merchant are not shared with the investors. Therefore, there will be no loss sharing from the business after the handover of the papayas to the merchant.

6) Service Charge

Grow Up will apply a 5% service charge on investors' profit. It should be noted that all of the mentioned ROI above are provided after excluding this service charge.

7) Contract Conditions

The investors will enter into a Murabaha Agreement (production-sale) contract with Grow Up for the Papaya Project. It will involve a "production-and-sell" process wherein investors will initially invest in papaya cultivation through Grow Up Authority and also ensure the sale of those papayas by Grow Up's marketing team.

Grow Up will serve as an agent for the investors, cultivating the papayas, assuming ownership and risk of asset possession on behalf of the investors, and then selling them to enlisted merchants. The merchants have agreed to purchase the products with a 40% markup on the actual cost of product procurement.

8) Risk Factor

According to our calculations, although the risk factor is 4%, Grow Up's Papaya Expert team is confident in their ability to manage and mitigate these risks as outlined above.

9) Payment Delay

Grow Up has conducted an in-house analysis of the projected returns of the business and expects to be able to repay on time, barring any unforeseen risk factors.

10) Security

Grow Up provides the following documents to investors:

- Contract Deed (300 tk Stamp)

- Security cheque

- Money Receipt

- Guarantor

- Copy of Authorized deed