1) Project Overview
This is a Mudaraba project, which is a profit-loss sharing agreement. In the Mudaraba principle, the investors are termed as Saheb-al-Mal and Agro Next as the Mudarib. Investors will invest their money, and Agro Next will invest effort, expertise, and time. In this project, investors' money will be used to buy cows, cattle feed, utility bill, labourer cost, shariah fee and other cost are included . After selling the cows, we will share the net profit with the investors after successful project closure. There will be no opportunity for investors to exit in case of emergencies. We cannot return your investment before the project closure.
2) Duration of Investment
The total investment amount will be 36,00,000 TK.
This investment will last for 4 months.
3) Expected ROI (Return on Investment)
As this is a Mudaraba project, the return on investment is not fixed. However, the expected ROI will be between 7.5% and 9.5% over 4 months. After successful project closure, the investor will receive a halal dividend.
Profit distribution:
Investors: 50%
Agro Next: 50%
4) Investment Part
The minimum investment is 5,000 TK, but investors can invest up to 30% of the project limit. Halal dividends will be disbursed ]after project closure.
5. loss Sharing
If a loss occurs without negligence or misconduct by Agro Next (Mudarib), losses will first be deducted from available profits. If insufficient, losses will be shared proportionately by investors, who may lose part of their capital. Agro Next will lose its time, effort, and expertise.
6. Service Charge
No service charges will be applied for this project.
7. Contact Conditions
Investors enter into a Mudaraba contract, agreeing on profit-loss sharing. Profits will be distributed after project completion. The invested amount will be returned after successful project closure.
The project may be extended by a few days, with prior notice to investors.
8) Risks and Mitigation Strategies
a) Disease Outbreaks
Cattle are susceptible to diseases such as Lumpy Skin Disease, Foot-and-Mouth Disease, etc., which may affect their health or cause death.
Mitigation Strategy:
Timely vaccinations will be administered under the supervision of veterinary professionals. If any symptoms are detected, experienced veterinarians will be immediately consulted for diagnosis and treatment.
b) Theft
Cattle theft presents a significant financial risk.
Mitigation Strategy:
All cattle sheds will be secured with dedicated security personnel, ensuring 24/7 monitoring and protection of the premises.
Note: "If a loss occurs despite all necessary precautions being taken by Agro Next, Clause No. 5 shall apply."
9) Payment Delay
Agro Next has conducted an in-house analysis of the projected returns for this business and expects to repay on time. This project may be extended for a few additional days, and investors will be notified in advance.
10) Authorization Letter
During the investment form submission, investors must download, fill out, and submit the authorization letter. If this is not done, Agro Next will reject the investment.
11) Security
Agro Next provides the following documents to investors:
Money Receipt from Agro Next
Contract Deed between the Investor and Agro Next (with a 300 TK stamp)
