Project Detail

Project Overview

1) As this is a Murabaha contract (buying for production, rearing, and selling), there is no provision for emergency exits for investors. We will be responsible for procuring, nurturing, and raising chickens and selling them. Therefore, investment refunds cannot be made before project completion.

2) Duration of Investment

The total investment amount will be - 1,76,75,000 Tk

This investment will be for 7 Months.

3) Projected ROI(Return of Investment)

The return on investment (ROI) will be approximately 40% annually. In seven (7) months, the investor will receive a halal dividend of approximately 23.33% (excluding service charges).

4) Investment Part

Here, the minimum investment would be 17,000 TK, or investors can invest up to the project limit. Halal dividends will be disbursed every 7 months.

For example, if someone invests 100,000 TK (one lakh taka), they will receive 140,000 TK, excluding service charges (100,000 TK as the investment part and 40,000 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 liabilities related to native chicken production for sale 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 Grow Up for the Native Chicken Project, which follows a "buy-production-and-sell" process. In this arrangement, investors will purchase the products through Grow Up and oversee the production, which will be sold to the GrowUp-enslisted merchant. Grow Up will serve as an agent for the investors, acquiring the native chicken, assuming ownership and the associated risks on their behalf, and subsequently selling them to the designated merchant.

8) Risk Factor

According to our calculations, the risk factor stands at 3%. However, with GrowUp's expertise in native chicken procurement, a dedicated nurturing and raising team, and a strong marketing strategy, we are confident in our ability to mitigate these risks effectively, as previously outlined.

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