Project Detail

Project Overview

1) As this is a Murabaha contract (production and sale), there is no opportunity for investors to exit in case of emergencies. We will purchase the goods 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 - 1,51,20,000 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 20,200 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 for producing mushroom and selling mushroom to enlisted merchants.

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 with Grow Up for the Mushroom Project. It involves a "production and sale" process, where investors will initially invest in the production of mushroom through the Grow Up Authority and ensure their sale through the Grow Up marketing team.

Grow Up will act as an agent for the investors, handling the production of mushroom, 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 3%, the GrowUp 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