Biofloc Fish Farming

1) Since this is a Murabaha contract for Biofloc Fish Production and Sale, investors do not have the option for emergency exits. We will set up the Biofloc fish tanks, purchase the fish to nurture and raise them, and then sell them to enlisted merchants. Therefore, we cannot return your investment before the project concludes.

2) Duration of Investment

The total investment amount will be - 1,86,00,000

This investment will be for 5 Months.

3) Projected ROI(Return of Investment)

The return on investment (ROI) will be 37% annually. In five (5) months, the investor will receive a halal dividend of 15.4% (excluding service charges).

4) Investment Part

Here, the minimum investment would be 25,000 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 137,000 TK, excluding service charges (100,000 TK as the investment part and 37,000 TK as the profit part in a year).

5) Loss Sharing

GrowUp adheres to Shariah principles, and according to the Murabaha Principle, investors bear no responsibility for any business losses after transferring the liabilities related to nurturing, raising, and selling the Fish molecules to the merchant through an agent. Losses incurred after the handover of the biofloc fish to the merchant will not be shared by the investors.

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 with Grow Up for the Biofloc Fish Project. This agreement involves a process of arranging Biofloc tanks, purchasing Fish Molecules for nurturing and raising them, and subsequently selling them.

In this process, investors will initially arrange for Biofloc tanks and Fish Molecules through Grow Up. They will ensure the nurturing and raising of the fish for sale to the Merchant through Grow Up's assistance.

Grow Up will serve as an agent for the investors, taking care of all necessary arrangements related to the biofloc tanks and the purchase of Fish Molecules. They will also bear the necessary ownership and risk associated with asset possession on behalf of the investors. Additionally, Grow Up will handle the raising and selling process on behalf of the investors.

8) Risk Factor

According to our calculations, even though there is a 5% risk factor, GrowUp Biofloc's experienced team, Fish Molecule Purchase Experts, nurturing and raising team, and excellent marketing team are well-equipped to manage and mitigate these risks, as outlined earlier. Additionally, at the investor's request, we also provide an insurance policy for further assurance.

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

- Insurance