Paddy

1) Since this is a Murabaha contract (buy and sell), there is no opportunity for investors to exit in emergencies. We buy the paddy and sell them to enlisted merchants, meaning we cannot return your investment before the project closes.

2) Duration of Investment

The total investment amount will be - 1,50,00,000

This investment will be for 1 Month.

3) Projected ROI(Return of Investment)

The return on investment (ROI) will be 22% annually. In one (1) month, the investor will receive a halal dividend of 1.83% (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 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 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

Investors will engage in a Murabaha Agreement (Buy-Sale) contract with Grow Up for the Paddy Project. This process involves a "buy-and-sell" model, where investors will initially invest to buy paddy through the Grow Up Authority and ensure the sale of those paddy through the Grow Up marketing team.

Grow Up will serve as an agent for investors, handling the purchase of paddy, assuming ownership and the risk of asset possession on their behalf, and then selling it to registered merchants. These merchants have agreed to buy the products at a 29% markup on the actual cost of procurement.

8) Risk Factor

According to our calculations, although the risk factor stands at 2%, the Grow Up highly 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