Duration

6 months

Min. Investment

৳ 10,000

Projected ROI

7% (14% annualized)

Risk Grade

B

Overview

Ahlan Agro is a growing cattle business who has already worked with biniyog.io 3 times in the past 1.5 years. They purchase cattle from biniyog.io investors at credit, rear them with organic feed and sell premium quality meat every week, besides rearing cattle targeting Eid-ul Adha.

They have raised close to 82 lac in 3 campaigns so far and repaid more than 75% of the amount on time. They are planning to purchase bulls to serve their weekly orders. This is a halal buy-and-sell campaign, and investors will be able to enjoy a projected ROI of 7.0%* for an investment period of 6 months (approximately 14%* annualized).

*subject to investment risk (details below)

Bosila, Dhaka, Bangladesh

Ahlan Agro [4]

৳ 2,037,160 Raised
৳ 0 Being Processed
0 Days Left
Raised:
135.81%
Goal: ৳ 1,500,000
The campaign is successful.
By saeed
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The Business

Accordion Content

Ahlan started their business in 2015 with organic products and spices. Over the years, they have ventured into eggs, poultry, honey and cattle.

In 2021, the business explored the Qurbani project by rearing around 19 cattle for 2 months prior to Eid and also renting out the temporary shed to 100+ cattle. During the Eid-ul Adha 2022, they purchased 24 bulls using financing from biniyog.io, this time rearing the cattle for 4+ months.

In 2023, the business managed to rear and sell close to 60 cattle during the Qurbani season. Besides, they have set up a permanent shed with a capacity to keep 100+ cows at a time. They also have weekly delivery service of meat to cater to B2B and B2C demand. Their B2B clients include established businesses like Sobuj Uddyog, Safe Food, Daily Food Shop, Khaas Food etc.

The business promises to deliver beef meat to consumers free from steroids, growth hormones, antibiotics and are given organic diet only. They are located in Bosila and investors are free to visit their premises.

Address: Ahlan Agro, Bosila Garden City, Hakkar Par, Bosila, Mohammadpur (opposite of Simba Agro) | Google Map Link

FAQ:
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.

 How is ‘fixed returns’ halal?

This is a sale contract (Murabaha) approved by our Shariah advisors, where investors will purchase products first (biniyog.io will facilitate the purchase), and then sell to Ahlan Agro at a mark-up. This mark-up amount against sold products is the fixed return / profit for investors.

Details under “Contract conditions” and “Possession of Assets” part below.

Mr. Abul Hasnath (Sagor), owner of Ahlan Agro, started his own venture as a side-project in 2015, while working for an autonomous institution. He is the founder of Zosh Gear, Baggaging and Ahlan. He completed his BBA and MBA from IBA (Jahangirnagar University).

Given his academic and family background, he always had a keen interest in business and this passion has led him to grow Ahlan over the years. Mr Sagor wants to leave an impact with quality products and service in the food industry.

He currently runs multiple businesses under Ahlan Corporation, which includes cattle, selling organic items through his shop, customized bags for B2B customers and perfume business.

  • Established customer base regularly purchasing fresh meat (individuals and businesses)
  • Planned approach with clear selling proposition to return investor funds
  • Good track record of timely repayments

The Contract

Accordion Content

The investment is for a period of 6 months, from August 2023 to January 2024.

  • Projected ROI (for the duration of project): 7.0%
  • Projected ROI (annualized): 14.0% 

biniyog.io will NOT charge the investors any fees for this service. 

Example: if someone invests BDT 100k in the project, he/she can expect to receive a total of BDT 107k by the mid of February 2024.

  • Investors will go into a Murabaha agreement (sale contract) with Ahlan Agro
  • It will be a “buy-and-sell”process where investors first buy the bulls through biniyog.io, and Ahlan Agro will be buying bulls from investors at a markup price and pay the amount after 6 months.
  • biniyog.io will act as an agent for the investors and buy the products and take necessary ownership and risk of asset possession on their behalf, and then sell to Ahlan Agro
  • biniyog.io has proposed that a markup price of 7.0% on actual cost will be charged to the business for each bull, and Ahlan Agro has agreed that it’s a fair price for both the business and the investors
  • Investors can expect to get their returns within 10th February 2023

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” (Murabahah) agreement.

Approval from Scholars: biniyog.io‘s Shariah advisors have approved the basis and application of these Murabahah contracts.

Potential Risks

Accordion Content
  • Death of an asset: Livestocks bear the risk of sudden death. In such cases, business incurs a loss of capital
    • Ahlan Agro’s strategy: After purchase, the business gets the livestock checked by good vets. Having proper veterinary services available reduces the chance of death of livestocks significantly

  • Not getting expected growth after rearing: There is a chance of not getting the expected level of growth after rearing the bulls for the targeted timeline. This may impact the profit margin of the business
    • Ahlan Agro’s strategy: The owner, Mr. Sagor Hasnath, has good experience in this line of business. He has over 4 years of experience of rearing and selling bulls. They position their cattle meat as high quality and premium, which can help them get higher value per kg of meat and tackle slow growth of cattle.

  • Sales drop due to the contractionary economy: The overall economy of our country has started to feel the heat of the economic downturn initiated due to the pandemic and Russia-Ukraine war and some macroeconomic changes by the central bank. As a result, consumers are reducing their spending to manage the situation. This can affect the sale of Ahlan Agro negatively.
    • Ahlan Agro’s strategy: The business has opened a shop very recently where milk, honey, flour, fresh meat, bull organs, cooking oil, perfume, dates, etc. are sold. Their bag production business also helps to manage overhead costs. This has opened the business to a diversified stream of revenues and also spread operational cost. 

 biniyog.io will buy the bulls on behalf of investors first and secure the ownership for some time, before selling to Ahlan Agro.
This is a necessary risk to ensure Shariah compliance of the transaction.

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, with a chance of minor delay of 1-2 weeks. This is considering that no extraordinary macroeconomic effect takes place like pandemic, war, extreme political unrest and lockdown, etc.

Ahlan Agro will an undated security cheque with biniyog.io. A guarantor will also be introduced in the contract for adding an extra layer of safety.

Disclaimer

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.

  • 25-07-2023

    This campaign is now live on biniyog.io!

    The funding campaign has started. The target is BDT 16 lac with a stretch goal of BDT 20 lac.
  • 07-08-2023

    Extended to reach stretch goal

    The target of BDT 16 lac is reached and campaign extended to reach stretch goal of BDT 20 lac.