Duck Farm
1) As this is a Murabaha contract (production and sale), there is no opportunity for an emergency exit for investors. We will purchase semi-adult ducks to ensure nurturing and raising, and also produce eggs for sale to enlisted merchants. Therefore, we cannot return your investment amount before the project concludes.
2) Duration of Investment
The total investment amount will be - 17,50,000
This investment will be for 4 Months.
3) Projected ROI(Return of Investment)
The return on investment (ROI) will be 25% annually. In four (4) months, the investor will receive a halal dividend of 8.3% (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 four months.
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 transferring the liability to the Grow Up authority. 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 product 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 investor will enter into a Murabaha Agreement (Production - Sale) contract with Grow Up for the Duck Project. It will entail a process of purchasing semi-adult ducks to ensure nurturing and raising, as well as producing eggs for sale.
Investors will first buy ducks through Grow Up and ensure their nurturing and raising to produce eggs for sale to enlisted merchants. Grow Up will act as an agent for the investors, purchasing the semi-adult ducks, assuming necessary ownership and risk of asset possession on their behalf, and then selling them to the enlisted merchant on behalf of the investors.
8) Risk Factor
According to our calculations, although the risk factor is 4%, Grow Up's semi-adult duck purchase experts, nurturing and raising team, and excellent marketing team are capable of covering the risk associated with these matters, as mentioned above. Additionally, as per investors' request, we can provide an insurance policy to offer 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