Onion

1) As this is a Murabaha contract (Production-sell), there is no opportunity for investors to make an emergency exit. We will cultivate the onions and sell them to enlisted Grow Up merchants. Therefore, we cannot return your investment before the project closes.

2) Duration of Investment

The total investment amount will be - 37,62,000

This investment will be for 6 Months.

3) Projected ROI(Return of Investment)

The return on investment (ROI) will be 26% annually. In six (6) months, the investor will receive a halal dividend of 13% (excluding service charges).

4) Investment Part

Here, the minimum investment would be 10,000 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 126,000 TK, excluding service charges (100,000 TK as the investment part and 26,000 TK as the profit part in a year).

5) Loss Sharing

In Grow Up, a Shariah-compliant project, according to the Murabaha Principle, investors are not accountable for any business losses after transferring liability to the Grow Up authority for onion cultivation and subsequent sale to enlisted merchants. 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 transferring the onions 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 (production-sale) contract with Grow Up for the Onion Project. This process involves a "production-and-sell" model, where investors will initially invest in onion cultivation through the Grow Up Authority and ensure the sale of those onions through the Grow Up marketing team.

Grow Up will function as an agent for the investors, undertaking the cultivation of onions, assuming ownership and risk of asset possession on behalf of the investors, and subsequently selling them to enlisted merchants. The merchants have agreed to purchase the products with a 34% markup on the actual cost of procuring the products.

8) Risk Factor

According to our calculations, although the risk factor stands at 3%, the Grow Up Onion 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