4 months

Min. Investment

৳ 10,000

Projected ROI

16% per annum

Risk Grade



CMS Graphics Ltd. is a retail profiling and merchandising business looking to raise funds to cater to a large work-order of a renowned MNC. The business mainly needs to purchase printing raw materials. This is a “buy-and sell” (Murabahah) contract where investors can enjoy an ROI of 5.3%* over 4 months (annualized expected return 16%).

*subject to investment risk (details below)

Aftab Nagar, Dhaka, Bangladesh

CMS Graphics Ltd.

৳ 2,997,500 Raised
৳ 0 Being Processed
0 Days Left
Goal: ৳ 3,000,000
The campaign is successful.
By Saif
63 Campaigns | 0 Loved campaigns

The Business

Accordion Content

CMS Graphics Ltd. provides diverse services such as interior, POP, POSM, market branding, retail branding, digital print, and retail furniture manufacturing. Currently, The business has a total of 140+ employees.. CMS has been operating since 2009 and as a limited company since 2014 with the manufacturing facility. The business does not have to rely on any outside suppliers/ vendors for having its own manufacturing facilities. It earned its compliance certificate in 2021 for its outstanding labor standards, complying with health and safety and environmental pillars.

The business is currently working with 30+ reputable organizations in Bangladesh such as Unilever, Grameenphone, Walton, Nagad, Nestle, Marico, Radisson Blue, etc. With a yearly turnover of BDT 10 crore, CMS Graphics Ltd. has a future target of making 30 crore yearly turnover in the next 2 years.



💡 Is the business Shariah-compliant?

The business model (selling digital print, retail furniture,  etc.) 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.

Mooen Tariq is acting as the Chairman of CMS Graphics Ltd. He completed high school in Saudi Arabia and did his BBA and MBA from North South University. He worked as the Head of Media of Grameenphone from 2001 to 2009. He has other businesses along with CMS Graphics such as Thirty-Three restaurant at Bailey road, Dhaka. He has been working as the Chairman of the CMS since 2009. 

  • Educated Chairman with the right set of skills and 10+ years of experience of working in this industry 
  • Strong networking in corporates
  • Consistent revenue generation 
  • Serving all over the country with in-house employees

The Contract

Accordion Content

The investment is for a period of 4 months, from the first week of October 2023 to the first week of February 2024.

Projected ROI: 5.33

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 105.3k by February ‘24.

biniyog.io will be charging investors a 11.17% fee on their profits. Example: If an investor invests BDT 100k and makes a profit of 6k in 4 months, biniyog.io will charge 0.67k as service fee. This means investors will be keeping 88.83% of profits generated. The net ROI for the investors will be 5.33% for 4 months (16% annualized) after deducting biniyog.io’s fee.

  • Investors will go into a Murabahah agreement (sale contract) with CMS Graphics Ltd. for different kinds of printing raw materials..
  • It will be a “buy-and-sell” process where investors will first buy the products through biniyog.io. CMS Graphics Ltd. will then buy those items from investors on credit and pay the amount after 4 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 CMS Graphics Ltd..
  • biniyog.io has proposed a price to CMS Graphics Ltd. for the products after considering a minimum 5.33% profit on actual cost of product procurement. CMS Graphics Ltd. has agreed to it.
  • Investors can expect to get their returns in 1 installment in 4 months:
    • 100% in February’24

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
  • Price volatility of raw materials: Bangladesh imports most of the printing raw materials (e.g. PVC, printing ink, etc.). Considering the current state of dollar reserve, imports of any sort of products may get hampered. However, this will not just impact CMS Graphics Ltd. in particular, but almost all kinds of businesses..
    • CMS Graphics Ltd.’s strategy: CMS Graphics Ltd. is planning to tackle this by buying the required raw materials in bulk using the investment raised through biniyog.io, so that the business remains safe against future uncertainties.
  • Big lag for getting the work-order payments: The business mainly serves different organizations through work-orders. Most of the organizations have a lead time for paying the payments after the completion of serving the work-orders. For example, some of the organizations clear the payment 25-45 days after the fulfillment of the work-orders. Such lag in payments can result in a significant cash crunch. 
    • CMS Graphics Ltd.’s strategy: The business mainly works with the MNCs (only a few domestic clients with good reputation) due to their strictness and well-maintenance towards compliance. Such organizations meet every schedule of payments as per their CMS Graphics Ltd. On time payments saves the business from any kind of financial uncertainties.
  • 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. CMS Graphics Ltd. would have the right to reject the products due to quality etc. The risk is expected to be minimal since CMS Graphics Ltd. themselves will be choosing the items before biniyog.io buys them.

This is a necessary risk to ensure Shariah compliance of the transaction.

CMS Graphics Ltd. will be sharing a security cheque with biniyog.io. A guarantor will also be introduced in the contract for adding an extra layer of safety 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.

  • 18-09-2023

    This campaign is now live on biniyog.io!

    The funding campaign has started. The target is BDT 30 lac.