Project Detail

Project Overview

1) Since this is a Murabaha contract (buy and sell), there is no provision for emergency exits for investors. We will purchase the cows and prepare them for trading purposes. Therefore, we cannot return your investment amount before the project's closure.

2) Duration of Investment

The total investment amount will be - 1,56,00,000

This investment will be for 6 Months.

3) Projected ROI(Return of Investment)

The return on investment (ROI) will be 39% annually. In six (6) months, the investor will receive a halal dividend of 19.5% (excluding service charges).

4) Investment Part

Here, the minimum investment would be 18,800 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 139,000 TK, excluding service charges (100,000 TK as the investment part and 39,000 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 handing over the liabilities associated with purchasing the cows and nurturing them to ensure dairy production for trading purposes by an agent. Once the milk is handed over to the merchant, any losses incurred thereafter will not be shared by the investors.

6) Service Charge

Grow Up will apply a 5% service charge. 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 (purchase-sell) contract with Grow Up for the Cow Trade Project. It will involve a "purchase-and-sell" process, where investors will initially purchase cows through Grow Up and ensure that the cow to the Merchant through Grow Up.

Grow Up will serve as an agent for the investors, procuring or arranging those cows, assuming necessary ownership and asset possession risks on their behalf, and ensuring that the cow is then sold to the enlisted merchant.

8) Risk Factor

According to our calculations, although the risk factor is estimated at 5%, Grow Up's team of cow purchase experts, marketers will effectively manage and mitigate these risks as outlined previously. Additionally, in response to investor requests, we also offer an insurance policy to provide 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

- Copy of the Authorized deed