Duration

2 months

Min. Investment

৳ 10,000

Projected ROI

15% Annualized

Risk Grade

B+

Overview

An Noor Organic is a reseller of livestock (goats). The business needs funds to cater to the surged demand for goats during Eid-ul-Adha 2024. 

The business has repaid 100% of its previous campaign

This is a “buy-and-sell” (Murabahah) contract where investors can enjoy an ROI of 2.50%* over 2 months (annualized expected return of 15%).

 *subject to investment risk (details below)

Pallabi, Mirpur Dhaka., Bangladesh

An Noor Organic [2]

৳ 1,511,697 Raised
৳ 0 Being Processed
0 Days Left
Raised:
125.97%
Goal: ৳ 1,200,000
The campaign is successful.
By Nerob
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The Business

Accordion Content

An Noor Organic is a specialized goat trading business. The business mostly sources goats from rural areas to maintain the standard quality the customers expect. The business has an open space for keeping the goats before selling or making the delivery. This helps the business to run its operations more conveniently.  

Inaugurated during the festive season of Eid-ul-Adha in 2021, An Noor Organic embarked on its journey as a seasonal cow trading venture at Dewanpara, ECB Matikata. Later, recognizing the surging demand for goats within Dhaka City, it relocated to the current premises and transitioned into a permanent goat trading enterprise.

The Business offers its customers a soothing environment to come and make their choice. It offers competitive prices with butcher service on various occasions like Eid-ul-Adha, Akikah, and marriage ceremonies. The Business targets the B2C market therefore, it actively does online marketing through a YouTube Channel.

The business has repaid 100% of its previous campaign.

Explore: YouTube 

Address: Plot# 40, Block# M, Eastern Housing, Mirpur 12, Dhaka, Dhaka, Bangladesh.  

FAQ:

💡 Is the business Shariah-compliant?

The business model (selling Livestock) 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.

S.M. Nura Alam, the proprietor of An Noor Organic, holds a degree in Finance and Economics from the Independent University of Bangladesh (IUB). Following the completion of his education, he ventured into the restaurant industry by establishing “Bulls N Barrels” in Gulshan. Unfortunately, due to the Holey Artisan terrorist incident and various other unforeseeable circumstances, the restaurant had to be closed.

After the closure of “Bulls N Barrels”, Nura Alam transitioned into the container home solutions business, partnering with KrisEnergy Bangladesh Ltd., a Singapore-based oil and gas company. This venture has been ongoing and continues to operate successfully.

Simultaneously, Nura Alam embarked on the journey of establishing “An Noor Organic” with a vision to contribute to the community and restaurant industry by providing high-quality organic meat and live grass-grazed goats. Furthermore, there are plans to launch a meat processing industry in the near future to expand the offerings and services of An Noor Organic.

  • Establishing a customer base nationwide through YouTube and Social media. 
  • Consistent revenue flow from retail sales.
  • Minimum mortality risk due to high stock turnover rate.  

The Contract

Accordion Content

The investment is for a period of 2 months, from the first week of May2024 to mid of July 2024.

Projected ROI: 2.50% 

Projected ROI (annualized): 15% Annualized

Example: If someone invests BDT 100k in the project, he/she can expect to receive a total of BDT 102.50k by July ’24. binuyog.io is offering a 100% service charge discount on investor profit

  • Investors will go into a Murabaha agreement (sale contract) with An Noor Organic to purchase Goats.
  • It will be a “buy-and-sell” process where investors will first buy the products through biniyog.io. An Noor Organic will then buy those items from investors on credit and pay the amount after 2 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 An Noor Organic.
  • biniyog.io has proposed a price to An Noor Organic for the products after considering a minimum 2.50% profit on the actual cost of product procurement and An Noor Organic has agreed to it.  biniyog.io is not charging any service charge on investor profit.
  • Investors can expect to get their returns over 2 months in a single installments:
    • 100% by the end of July 2024

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
  • Livestock Mortality Risk: Mortality risk is the greatest threat for a livestock trading business. This risk can not be completely eliminated.
    • An Noor Organic’s Strategy: The business has a very good stock turnover rate that lets the business to mitigate this risk to a greater extent. Moreover, the business mainly resells local breed of goats that are less prone to easily falling sick.  
  • Decreased sales number in off-season: Winter (October-January) and the Eid-ul-Adha is the peak season for the Business. However, sales become considerably slow during the off-season. Any significant/ unusual downtrend of sales during the off-season may lead to a significant drop in revenue.  
    • An Noor Organic’s Strategy: As the investment is focused on the Eid-ul-Adha 2024, so it is expected that the downfall of sales during off-season will not affect the forecasting significantly. 
  • Supply chain Disruption: Collecting Good Quality (Healthy) goats is a challenge for this kind of livestock trading business as it increases the risk of mortality as well. And ensuring flawless supply is very important to obtain market share and maintain goodwill. 
    • An Noor Organic’s Strategy: The business has a purchase team to collect goats from rural markets. The team visits different markets in Kurigram, Lokkhipur, Dinajpur local weekly or daily bazar (Hat) and collects goats for their firm. This mitigates the risk of supply chain disruption to a tolerable extent.  

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. An Noor Organic would have the right to reject the products due to quality etc. The risk is expected to be minimal since An Noor Organic will choose the items before biniyog.io buys them.

An Noor Organic will share a security cheque. Moreover, a guarantor will be introduced in the contract for adding an extra layer of security for the investors. 

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.

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  • 22-04-2024

    This campaign is now live on biniyog.io!

    The funding campaign has started. The target is BDT 12 lac with stretch goal of 15 lac.