Duration

7 months

Min. Investment

৳ 10,000

Projected ROI

16.5% (annualized)

Risk Grade

B

Overview

Dazzling Trade International is an import-based wholesale business selling Skin care items and coloured cosmetics of several renown brands such as CaraVi, Aveeno, Eucerin, Neutrogena etc. The business is seeking funds to increase its inventory to cater the increasing market 

This is a “buy-and-sell” (Bai Muajjal) contract where investors can enjoy an ROI of 9.62%* over 7 months (annualized expected return of 16.5%).

*subject to investment risk (details below)

Mirpur, Dhaka, Bangladesh

Dazzling Trade International

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Raised:
85.21%
Goal: ৳ 2,000,000
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The Business

Accordion Content

Written by the Dazzling Trade International 

Dazzling Trade International commenced its operations in 2016 with a focus on importing renowned beauty care products from Japan and the USA for wholesale distribution in Bangladesh. Targeting wholesale clients situated in Gulshan, Dhaka, Bangladesh. The business selects products tailored to meet their specific demands of the wholesalers. Specializing in skin care products, color cosmetics, and food supplements sourced from the USA, Dazzling Trade International prides itself on procuring authentic and fresh merchandise directly from authorized distributors and manufacturers.

Dazzling Trade International has earned a reputation for its commitment to honesty in business dealings. Recognizing the booming preferences of Bangladeshi consumers for quality and popular brands, the company distinguishes itself by adeptly sourcing products at competitive prices while maintaining favorable profit margins. This proficiency not only ensures the sustainability of operations but also enables timely fulfillment of financial obligations.

With a growing demand in the market, Dazzling Trade International is currently seeking funds to bolster its inventory of overseas products, further enhancing its ability to meet consumer needs effectively.

Address : 183/2, Block-F,Road-3, TeenShead Colony, Mrpur-13, Kafrul, Dhaka, Bangladesh.

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FAQ:

💡 Is the business Shariah-compliant?

The business model (selling skin care items) 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 Bai Muajjal (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.

Written by the business

Dazzling Trade International is a Partnership Company founded by Md. Humayun Kabir and his only younger brother Md. Shafiqul Alam. The majority of steak is owned by Md. Humayun Kabir, after completing his graduation he joined an NGO and served there for 2000-2015 and besides this he completed his MBA from State University of Bangladesh (SUB). His last designation was Department Head (Finance & Accounting). Md Humayun Kabir was always attracted to start his own business and beside his job he took small steps to settle down a business and in 2016 finally he quit his job and started his journey as an entrepreneur. 

The other partner of the business Md. Shofiqul Alam has also completed his MBA from State University of Bangladesh (SUB). and joined with his elder brother.

  • Product procurement based on pre-order. 
  • Long-term relationship & network with suppliers.   
  • High-end products for premium customers.

The Contract

Accordion Content

The investment is for a period of 7 months, from March 2024 to November 2024.

Projected ROI: 9.62% 

Projected ROI (annualized): 16.5% Annualized

Example: If someone invests BDT 100k in the project, he/she can expect to receive a total of BDT 109.625 k by November’ 24.

biniyog.io will be charging investors a 8.33% fee on their profits. Example: If an investor invests BDT 100k and makes a profit of 10.5k in 7 months, biniyog.io will charge 0.875k as service fee. This means investors will be keeping 91.67% of profits generated. The net ROI for the investors will be 9.625% for 7 months (16.5% annualized) after deducting biniyog.io’s fee.

  • Investors will go into a Bai Mujjal agreement (sale contract) with Dazzling Trade International for Importing skin care products.
  • It will be a “buy-and-sell” process where investors will first buy the products through biniyog.io. Dazzling Trade International will then buy those items from investors on credit and pay the amount after 7 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 Dazzling Trade International.
  • biniyog.io has proposed a price to Dazzling Trade International for the products after considering a minimum 10.5% profit on the actual cost of product procurement and Dazzling Trade International has agreed to it.
  • Investors can expect to get their returns in 2 installments over 7 months. 
    • 50% in October 2024
    • 50% in November 2024.

Shariah Compliance

Accordion Content

Investors appoint biniyog.io as an agent to deal on their behalf (Wakalah) and invest in the business through the buying and sale of assets under a Bai Muajjal agreement. 

Approval from Scholars: biniyog.io‘s  Shariah advisors have approved the basis and application of this Bai Muajjal contract.

Potential Risks

Accordion Content
  • Foreign Currency Exchange Rate: Uncertain Fluctuation of the dollar rate can increase the price and cost of imported products.This may result in notable drop in sales and profit margin. 
    • Dazzling Trade International’s Strategy: The business normally stores bulk products in their warehouse. The business has good connections with the suppliers allowing the business to enjoy information advantage. Moreover, the business often gets pre-order from its customers (wholesalers & retailers). 
  • Inflation and macroeconomic issues: The current devaluation of Bangladeshi Taka is a great matter of concerns for any kind of business. Moreover, the purchasing power of customers plays a major role in the industry that Dazzling Trade International  is operating in. Any uncertain situations can result in significant downward hurtle in sales.  
    • Dazzling Trade International’s Strategy: The business sells high end skin care products and color cosmetics. Having such a customer base gives the business more control over the pricing. The business has gained a good level of experience  about the consumer’s preference and demand by doing experiments several times. The business has given test trials with different SQL of different brands and by doing this they acquired the knowledge of the market. The current product line of the business is highly demanded by the consumer which indicates the minimum effect of microeconomic issues on the sale of Dazzling Trade International.   
  • High competitiveness in the market: The availability of information makes the market very competitive. Moreover, threats of new entrants in the market have also increased. So, there is always a possibility that the business may lose its market shares. This will ultimately result in a significant drop in sales. 
    • Dazzling Trade Internationals Strategy: The Business has established relationships with several customers (Wholesalers) all over Dhaka. Moreover, the business already has a good level of demand for its products among its current customers. Moreover the unique value the business provides is the price they can offer no other business can offer such pricing because of their relationship with the overseas supplier.
  • Bilateral relationship: It is considerably the most unavoidable risk for the import oriented businesses. Bilateral relationship among supplier and buyer country affects the overall process from sourcing to pricing. Also, the political situation worldwide has a great impact on overseas business. It may cause a shortage of supply in the market. However, any import-based business may get affected by this.

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

Dazzling Trade International will share a security cheque. Moreover, a guarantor will be introduced in the contract to add 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.

  • 18-11-2023

    This campaign is now live on biniyog.io!

    The funding campaign has started. The Primary Goal is BDT 20 lac.