Gourd-3

1) As this is a Murabaha contract (Buy-Sell), there is no opportunity for investors to exit in case of emergencies. We will purchase the goods and sell them to Grow Up enlisted Merchants. Therefore, we cannot refund your investment before the project concludes.

2) Duration of Investment

The total investment amount will be - 12,45,000

This investment will be for 1 Month.

3) Projected ROI(Return of Investment)

The return on investment (ROI) will be 33% annually. In one (1) month, the investor will receive a halal dividend of 2.7% (excluding service charges).

4) Investment Part

Here, the minimum investment would be 5,000 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 133,000 TK, excluding service charges (100,000 TK as the investment part and 33,000 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 for purchasing and selling gourds to enlisted merchants. If Losses occur after handing over the products, it will be to the agent/merchant. Consequently, there will be no loss sharing from the business after the gourds are handed over 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 Gourd Project. It involves a "buy-and-sell" process, where investors will initially invest in purchasing gourds through the Grow Up Authority and ensure their sale through the Grow Up marketing team.

Grow Up will act as an agent for the investors, handling the procurement of gourds, assuming ownership and risk of asset possession on behalf of investors, and subsequently selling them to enlisted merchants.

The merchants have agreed to purchase the products at a 42% markup on the actual cost of procuring the product.

8) Risk Factor

According to our calculations, although the risk factor stands at 3.5%, the GrowUp Gorud 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