Qurbani Cow
1) Since this is a Murabaha contract (buy, nurturing and raising, sell), investors do not have the option for an emergency exit. We will purchase the cattle, nurture and raise them, and then sell them. Therefore, we cannot return your investment amount before the project closure.
2) Duration of Investment
The total investment amount will be - 57,00,000
This investment will be for 6 Months.
3) Projected ROI(Return of Investment)
The return on investment (ROI) will be 22% annually. In six (6) months, the investor will receive a halal dividend of 11% (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 six months.
For example, if someone invests 100,000 TK (one lakh taka), they will receive 122,000 TK, excluding service charges (100,000 TK as the investment part and 22,000 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 cattle 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 (buy, nurturing and raising, sell) contract with Grow Up for the Qurbani Cow Project. It will involve a process of purchasing the cattle, nurturing and raising them, and then selling them. Investors will first buy the cattle and entrust their nurturing and raising to Grow Up, which will also handle the selling process. Grow Up will act as an agent for the investors, purchasing the cattle, assuming necessary ownership and risk during the nurturing process on behalf of the investors, and subsequently selling them to merchants.
8) Risk Factor
According to our calculations, although the risk factor stands at 3%, the Grow Up Purchase Experts, nuture and grow up specialist and marketing expert team is confident in their ability to mitigate and manage these risks effectively, as outlined previously.
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