Garlic

1) As this is a Murabaha contract (Production - sell), there is no option for investors to exit in case of emergencies. We will cultivate the garlic and sell them to Grow Up enlisted Merchants. Therefore, we cannot return your investment amount before the project is completed.

2) Duration of Investment

The total investment amount will be - 27,50,000

This investment will be for 5 Months.

3) Projected ROI(Return of Investment)

The return on investment (ROI) will be 24% annually. In five (5) months, the investor will receive a halal dividend of 10% (excluding service charges).

4) Investment Part

Here, the minimum investment would be 12,000 TK, or investors can invest up to the project limit. Halal dividends will be disbursed every five months.

For example, if someone invests 100,000 TK (one lakh taka), they will receive 124,000 TK, excluding service charges (100,000 TK as the investment part and 24,000 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 enter into a Murabaha Agreement (production-sale) contract with Grow Up for the Garlic Project. It will involve a production-and-sale process, wherein investors will initially invest in cultivating garlic through Grow Up Authority and also ensure the sale of the harvested garlic through Grow Up's marketing team. Grow Up will serve as an agent for the investors, overseeing the cultivation of garlic, assuming necessary ownership and asset possession risks on behalf of the investors, and then selling the garlic to enlisted merchants. The merchants have agreed to purchase the products at a 40% markup on the actual cost of procuring the products.

8) Risk Factor

According to our calculations, although the risk factor stands at 2%, the GrowUp garlic 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