Onion Preservation

1) Since this is a Murabaha contract (Production-Preservation-Sell), investors do not have the option for an emergency exit. We will cultivate the onions, preserve them, and sell them to Grow Up enlisted merchants. Therefore, we cannot return your investment amount before the project closure.

2) Duration of Investment

The total investment amount will be - 1,70,00,000

This investment will be for 12 Months.

3) Projected ROI(Return of Investment)

The return on investment (ROI) will be 28% annually. In twelve (12) months, the investor will receive a halal dividend of 28% (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 year.

For example, if someone invests 100,000 TK (one lakh taka), they will receive 128,000 TK, excluding service charges (100,000 TK as the investment part and 28,000 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 investors will participate in a Murabaha Agreement (production-preservation-sale) contract with Grow Up for the Onion Preservation Project. It will involve a "Production-Preservation-and-Sell" process, where investors will initially invest in cultivating onions for preservation through Grow Up Authority and also oversee the sale of those onions through Grow Up's marketing team.

Grow Up will act as an agent for the investors, cultivating the onions for preservation on their behalf and assuming necessary ownership and asset possession risks. Subsequently, Grow Up will sell the preserved onions to enlisted merchants.

The merchant has agreed to purchase the products with a 36% markup on the actual cost of procuring the onions.

8) Risk Factor

According to our calculations, although the risk factor stands at 6%, 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