Cow - Natural Harvest
1) Since this is a Murabaha contract (buy - nurture - natural harvest - sell), there is no provision for emergency exits for investors. We will purchase the cows and nurture them to ensure dairy production for trading purposes. Therefore, we cannot return your investment amount before the project's closure.
2) Duration of Investment
The total investment amount will be - 20,00,000
This investment will be for 1 Month.
3) Projected ROI(Return of Investment)
The return on investment (ROI) will be 25% annually. In one (1) month, the investor will receive a halal dividend of 2% (excluding service charges).
4) Investment Part
Here, the minimum investment would be 20,000 TK, or investors can invest up to the project limit. Halal dividends will be disbursed every month.
For example, if someone invests 100,000 TK (one lakh taka), they will receive 125,000 TK, excluding service charges (100,000 TK as the investment part and 25,000 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 handing over the liabilities associated with purchasing the cows and nurturing them to ensure dairy production for trading purposes by an agent. Once the milk is handed over to the merchant, any losses incurred thereafter will not be shared by the investors.
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
Investors will enter into a Murabaha Agreement (buy - nurture and raise - natural harvest - sell) contract with Grow Up for the Cow Natural Harvest/Dairy Project. The process will involve purchasing the cows and ensuring their nurturing to produce dairy for trading. Investors will initially buy the cows through Grow Up and also oversee their nurturing to ensure dairy production for sale through Grow Up. Acting as an agent for the investors, Grow Up will purchase the cows, assume ownership and risk of asset possession on their behalf, and subsequently sell the produced milk on behalf of the investors.
8) Risk Factor
According to our calculations, although the risk factor is estimated at 5%, Grow Up's team of cow purchase experts, nurturing specialists, and skilled dairy marketers will effectively manage and mitigate these risks as outlined previously. Additionally, in response to investor requests, we also offer an insurance policy to provide further assurance.
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
- Insurance