Project Detail

Project Overview

1) Contract Nature

Since this is a Murabaha contract involving production and exporting abroad, there is no provision for investors to exit in case of emergencies. This is because we will produce and export the products abroad; thus, we cannot return your investment before the project closes.

2) Duration of Investment

The total investment amount will be - 1,42,78,000 Tk.

This investment will be for 4 Months.

3) Projected ROI(Return of Investment)

The return on investment (ROI) will be 38% annually. In four (4) months, the investor will receive a halal dividend of 12.66% (excluding service charges).

4) Investment Part

Here, the minimum investment would be 20,000 TK, or investors can invest up to the project limit. Halal dividends will be disbursed every four months.

For example, if someone invests 100,000 TK (one lakh taka), they will receive 138,000 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

Investors will enter into a Murabaha Agreement with GrowUp for the production and export project.

This contract involves:

Investors fund the purchase and production of agricultural goods through GrowUp.

GrowUp, as the agent, procures, owns, and manages the goods on behalf of investors.

GrowUp’s trading division handles the sales and distribution to enlisted merchants and wholesalers.

The ownership, risk, and sale of goods will follow the Shariah principles of Murabaha, ensuring a transparent and halal investment process.

8) Risk Factor

According to our calculations, although the risk factor stands at 3%, the Grow Up highly 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.

Key Points