Written by Chillox – verified by biniyog.io ✅
Chillox is a retail QSR (Quick Service Restaurant) burger chain based in Bangladesh. Established in 2016, the fast-food brand prioritizes providing meals at the best value for money and works towards expanding all across Bangladesh.
Chillox had a humble beginning. Started as a small food cart in Mohakhali, Chillox has 17 branches out of which 13 are located in Dhaka and the rest are located in Mymensingh, Chittagong, and Narayanganj. They have 3-4 new outlets in the pipeline that are soon to be opened. The owners envision to integrate the brand into the food culture of the youth, and provide superior experience at an affordable price for the consumers.
To meet the growing demand, Chillox needs to finance its working capital. The funds will be used to maintain a higher stock inventory of imported raw materials that have limited supply and high prices in the domestic markets. These include imported fries, gourmet beef, premium cheese, fish fillet etc. These materials will be bought in bulk to maintain smooth supply throughout the year. This helps Chillox to maintain fixed prices of its burgers.
Head office: 11 Bir Uttam AK Khandakar Rd, Dhaka 1212 (Behind BRAC University)
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💡 Is the business Shariah-compliant?
- The business model (selling fast food item) 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.