Guava Export-2
1) As this is a Murabaha contract (Production & Export), there is no option for investors to exit in case of emergencies. We will cultivate the guava and export. Therefore, we cannot return your investment amount before the project is completed.
2) Duration of Investment
The total investment amount will be - 1,75,65,000
This investment will be for 5 Months.
3) Projected ROI(Return of Investment)
The return on investment (ROI) will be 39% annually. In five (5) months, the investor will receive a halal dividend of 16.25% (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 five months.
For example, if someone invests 100,000 TK (one lakh taka), they will receive 139,000 TK, excluding service charges (100,000 TK as the investment part and 39,000 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 the cultivation and sale of guava to enlisted merchants. 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 guava to the merchant.
6) Service Charge
GrowUp 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 investors will engage in a Murabaha Agreement (production-export) contract with Grow Up for the Guava Project. It will involve a "production-and-export" process, where investors initially invest in cultivating Guava trees through the GrowUp Authority and also ensure the production and export of those Guavas by the GrowUp marketing team. GrowUp will act as an agent for the investors, cultivating the Guavas, assuming necessary ownership and risk of asset possession on behalf of the investors, and subsequently exporting them.
8) Risk Factor
According to our calculations, although the risk factor stands at 3%, the GrowUp Guava Expert team is confident in their 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
GrowUp provides the following documents to investors:
- Contract Deed (300 tk Stamp)
- Security cheque
- Money Receipt
- Guarantor
- Copy of Authorized deed
