Project Detail

Project Overview

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 vegetables and sell them to GrowUp enlisted Merchants. Therefore, we cannot refund your investment before the project concludes.

2) Duration of Investment

The total investment amount will be - 1,45,70,000/=

This investment will be for 2 Months.

3) Projected ROI(Return of Investment)

The return on investment (ROI) will be 37% annually. In two (2) months, the investor will receive a halal dividend of 6.17% (excluding service charges).

4) Investment Part

Here, the minimum investment would be 17,600 TK, or investors can invest up to the project limit. Halal dividends will be disbursed every two months.

For example, if someone invests 100,000 TK (one lakh taka), they will receive 1,37,000 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 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 GrowUp authority for purchasing and selling various kinds of vegetables to enlisted merchants. If Losses occur after handing over the vegetables, it will be to the agent/merchant. Consequently, there will be no loss sharing from the business after the Mixed vegetables are handed over 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

Investors will engage in a Murabaha Agreement (buy-sale) contract with GrowUp for the Mixed Vegetables Project. It involves a "buy-and-sell" process, where investors will initially invest in purchasing Mixed Vegetables through the GrowUp Authority and ensure their sale through the GrowUp marketing team.

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

8) Risk Factor

According to our calculations, although the risk factor stands at 4-5%, the GrowUp Expert team is confident in its ability to mitigate and manage these risks effectively, as outlined previously.

9) Payment Delay

GrowUp 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 Authorized deed