9 months

Min. Investment

৳ 10,000

Projected ROI

16% per annum

Risk Grade



Abdullah Shoe Store is an export-oriented shoe wholesaler and manufacturer of leather footwear products. The Business is gearing up for expansion by raising funds to increase product stock to cater to a larger client base nationwide. They want to purchase Export-oriented shoes and raw materials for manufacturing leather shoes in Bulk so that special discount prices can be availed that will enable the business to make a better profit margin.

This is a “buy-and-sell” (Murabahah) contract where investors can enjoy an ROI of 12%* over 9 months (annualized expected return of 16%).

*subject to investment risk (details below)

Malibag, Dhaka, Bangladesh

Abdullah Shoe Store

৳ 1,999,222 Raised
৳ 0 Being Processed
0 Days Left
Goal: ৳ 1,800,000
The campaign is successful.
By Banna
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The Business

Accordion Content

Abdullah Shoe Store began its journey in 2017 as an Export Oriented footwear wholesaler nationwide. This business orchestrates its operations from a warehouse in Malibag. Furthermore, the business has a 1300-square-foot manufacturing facility in Hazaribag, along with an 800-square-foot showroom in Muladi, Barisal, to cater to the discerning retail clientele. The owner of the business has a very good level of connection with many suppliers and manufacturers all over the country. This enables the business to avail special opportunities that drive in more revenues. The business supplies footwear products nationwide as a wholesaler  and has recently started its own manufacturing factory, which has a significant production capacity gaining recognition as a Brand.

Abdullah Shoe Store is looking to expand its inventory to cater to a high demand that occurs mainly during the winter season. 

Address : 

Warehouse or product Hub: 112 Rowshanara Manjil Malibag Rilgate, Dhaka 1217.

Barisal Showroom: Mamun Shopping Complex, 2nd Floor Muladi Bus Stand Barisal. 

Factory Location: #104 Hazaribagh Tannery area, Zigatola Hazaribagh Dhaka 1209. 



💡 Is the business Shariah-compliant?

The business model (selling shoes) is Shariah-compliant

However, according to our Shariah Advisors, biniyog.io and the investors will NOT be liable if the day-to-day operations of the business are not fully Shariah-compliant.

This is because investors will be going into a Murabaha (sale contract), not profit-sharing or partnership. Please find contract details in the “Contract” section below.

💡 Is there any investment risk involved?

Investments have risks by definition, especially if they are halal. Please find possible risk details for this campaign in the “Risk” section below.

Mr. Abdur Rahman is the owner of Abdullah Shoe Store. He has an experience of over 9 years of working in this industry.

It’s Mr. Rahman’s exceptional networking skills and the goodwill he has fostered in the market that have propelled Abdullah Shoe Store toward its anticipated growth. His  industry insights and strong supplier & manufacturer continue to be the driving force behind the success of the business.

  • Very good level of connections with suppliers and manufacturers. 
  • Established customer base nationwide. 
  • Consistent revenue flow. 

The Contract

Accordion Content

The investment is for a period of 9 months, from the third week of September 2023 to the third week of June 2024.

Projected ROI: 12

Projected ROI (annualized): 16% per annum

Example: If someone invests BDT 100k in the project, he/she can expect to receive a total of BDT 112k by June ‘24. 

biniyog.io will be charging the investors a minimal fee of 5.9% on their profits. If an investor invests BDT 100k and makes a profit of 12.75k in 9 months, biniyog.io will be charging (.75k/12.75k) = 5.9% from investor’s gain.  

Special note: The net ROI for the investors will be 12% for 9 months (16% annualized) after deducting biniyog.io’s fee.

  • Investors will go into a Murabaha agreement (sale contract) with Abdullah Shoe Store  for purchasing shoes and raw materials for making shoes.
  • It will be a “buy-and-sell” process where investors will first buy the products through biniyog.io. Abdullah Shoe Store will then buy those items from investors on credit and pay the amount after 9 months.
  • biniyog.io will act as an agent for the investors and buy the products, take necessary ownership and risk of asset possession on their behalf, and then sell to Abdullah Shoe Store.
  • biniyog.io has proposed a price to Abdullah Shoe Store for the products after considering a minimum 12.75% profit on the actual cost of product procurement and Abdullah Shoe Store has agreed to it.
  • Investors can expect to get their returns in 9 months.

Shariah Compliance

Accordion Content

Investors appoint biniyog.io as an agent to deal on their behalf (Wakalah) and invest into the business through buy and sale of assets under a buy-and-sell (Bai Murabaha) agreement.

biniyog.io‘s Shariah advisors have approved the basis and application of this Murabahah contract.

Potential Risks

Accordion Content
  • Fluctuating Raw Material Costs: Variations in the prices of leather and other materials used in shoe production can impact the business’s profitability. Unexpected increases in costs could lead to lower profit margins  potentially affecting the net profitability of the business..
    • Abdullah Shoe Store’s Strategy: The business has established connections with many suppliers and manufacturers nationwide. This enables the business to procure products from all over the country which reduces supplier dependency significantly. The business also makes bulk purchases that allows for getting special discounts on products.  
  • Economic Downturn or Inflation: Economic recessions or downturns can lead to reduced consumer spending on non-essential items like footwear. A decrease in consumer disposable income can result in lower sales for Abdullah Shoe Store.
    • Abdullah Shoe Store’s Strategy: To mitigate the threat of economic downturns, Abdullah Shoe Store plans to make bulk purchases, enabling competitive pricing even during challenging times.
  • Dependency on credit sales: The business often has to make credit sales for maintaining relationships with some of the vendors. Any missed repayment from vendors might result in a drop in the revenue and interrupt the payment cycle of the business. 
    • Abdullah Shoe Store’s Strategy: The business allows credit purchase to only some of his regular customers based on their repayment history and volume of transactions.
  • Possibility of political turmoil following the upcoming election: Our assessment assumes that there will be some macroeconomic turmoil towards the end of 2023 before the general election. This may impact any business.

biniyog.io has done in-house analyses of the projected returns of the business and they are expected to be able to repay on time considering their cash flow.

biniyog.io will buy the products on behalf of investors first and secure ownership. Abdullah Shoe Store would have the right to reject the products due to quality etc. The risk is expected to be minimal since Abdullah Shoe Store will choose the items before biniyog.io buys them.

Abdullah Shoe Store will share a security cheque. Moreover, a guarantor will be introduced in the contract for adding an extra layer of security for the investors. 


This investment opportunity is based on a first come first serve basis. Your investment is secured only after your transfer-proof has been received. If the investment quota is already filled, your transferred amount shall be returned.

Return of your capital is NOT guaranteed. Investment, by default, requires a risk appetite. Past performance is not a guaranteed indicator of future outcomes.

biniyog.io only acts as a consultant to the investor and the business, and does NOT manage funds for any party.

biniyog.io does risk assessment to a certain extent, but will NOT be liable if the business does not perform as per expectation.

For any questions, please use the chat icon on the right or leave a message.

  • 13-09-2023

    This campaign is now live on biniyog.io!

    The funding campaign has started. The target is BDT 18 lac with a stretch target of BDT 20 lac.