Project Detail

Project Overview

1) This is a Shariah-compliant Murabaha contract, which involves purchasing, nurturing, and selling livestock. As such, there is no provision for early withdrawal or exit of investment in case of emergencies. The investment will remain locked until the project reaches completion, including the full cycle of procurement, rearing, and sale. Consequently, we are unable to return the invested funds before the conclusion of the project.

2) Duration of Investment

The total investment amount will be - 1,45,65,000

This investment will be for 5 Months.

3) Projected ROI(Return of Investment)

The return on investment (ROI) will be 38% annually. In five (5) months, the investor will receive a halal dividend of 15.83% (excluding service charges).

4) Investment Part

Here, the minimum investment would be 17,500 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 annualy ROI based), they will receive 1,38,000 TK, excluding service charges (100,000 TK as the investment part and 38,000 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. 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 (Rearing - Sale) contract with Grow Up for the Duck Project. It will entail a process of purchasing semi-adult ducks to ensure nurturing and raising, as well as producing eggs for sale.

Investors will first buy ducks through Grow Up and ensure their nurturing and raising to produce eggs for sale to enlisted merchants. Grow Up will act as an agent for the investors, purchasing the semi-adult ducks, assuming necessary ownership and risk of asset possession on their behalf, and then selling them to the enlisted merchant on behalf of the investors.

8) Risk Factor

According to our calculations, although there is a 5% risk factor, Grow Up's Purchase Experts department, nurturing and raising team, Veterinary doctor, and excellent marketing team are equipped to manage these risks as previously outlined. Furthermore, in response to investor requests, we also offer an insurance policy as an additional assurance measure.

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 the Authorized deed