Duration

10 months

Min. Investment

৳ 10,000

Projected ROI

16% Annualised

Risk Grade

B+

Overview

Larky Parky is a clothing wholesaling and retailing business catering to both domestic and international demands. The business is looking to raise funds to increase stocks for the winter season. 

Larky Parky completed 100% repayment of Campaign 1 and 70% of Campaign 2.

This is a halal “buy-and-sell” (Bai’ Murabaha) campaign, and investors will be able to enjoy an ROI of about 13.33%* for an investment period of 10 months.

*subject to investment risk (details below)

Uttara, Dhaka, Bangladesh

Larky Parky [3]

৳ 1,694,803 Raised
৳ 0 Being Processed
0 Days Left
Raised:
112.99%
Goal: ৳ 1,500,000
The campaign is successful.
By Jannat
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The Business

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Larky Parky started operations in 2013 with a stock lot business. Over the years, they have established a customer network through which they wholesale many of their products. 

Larky Parky‘s products mostly consist of denim jeans as well as some other items like shirts, t-shirts, winter jackets and boxers. They have a Whatsapp group where they market these products to their local network of retailers throughout the year.Larky Parky also has connections with some foreign buyers. The business has served clients from Malaysia, India, Dubai and some other countries.The business is seeking funds for purchasing winter clothing products in bulk to cater to the high demand.

Larky Parky has completed 100% repayment of Campaign 1 and 70% of Campaign 2. Each repayment were made on time.

Office Location: House: 22, Road: 7C, Sector: 09, Uttara.

 FAQ:
💡 Is the business Shariah-compliant?

  • The business model (selling shirts, t-shirts, winter jackets, 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.

Md Golam Sarwar Rashel is an educated entrepreneur who completed his MBA in 2016.

His career started in 2007 with freelancing where he worked with web development and SEO. In 2012, he started working as an Assistant Merchandiser in a buying house. Inspired to start his own venture, he left his job in 2013 and started his clothing business Larky Parky.

At present, he has two other businesses besides Larky Parky – a small grocery business in Uttara named Daily Food Shop and an IT business named Uffra (uffra.com).

  • Educated founder with relevant industry experience
  • Established customer network for wholesale business
  • Paid every repayment on time till now.

The Contract

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The investment is for a period of 10 months, from end of December 2023 to October 2024.

  • Projected ROI (for the duration of the project): 13.33%
  • Projected ROI (annualized): 16%

Example: if someone invests BDT 100k in the project, he/she can expect to receive a total of about BDT 113.33k by October 2024 in installments.

biniyog.io will be charging investors an 11.11% fee on their profits. Example: If an investor invests BDT 100k and makes a profit of 15k in 10 months, biniyog.io will charge 1.67k as a service fee. This means investors will be keeping 88.89% of the profits generated. The net ROI for the investors will be 13.33% for 10 months (16% annualized) after deducting biniyog.io’s fee. 

  • Investors will go into sale agreements with Larky Parky and the factory that will manufacture the required products
  • It will be a “buy-and-sell” contract, where investors will first ensure manufacturing of products from the factory through biniyog.io. Larky Parky will then buy those items from investors on credit and pay the amount in pre-agreed instalments.
  • 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 Larky Parky.
  • biniyog.io has proposed a price to Larky Parky for the products after considering 15% profit on actual cost of product procurement. Larky Parky has agreed to it. Investors will be getting a net of 13.33% profit after deducting biniyog.io’s service charge on investor profit.
  • Investors can expect to get their returns in 10 months.

Shariah Compliance

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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 an advanced buy-and-sell (Bai’ Murabaha) agreement.

biniyog.io‘s Shariah advisors have approved the basis and application of this Bai’ Murabaha contract.

Potential Risks

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  • Inflation: An increase in raw material prices would impact selling prices to local buyers and may result in a decrease in the volume of sales.
    • Larky Parky’s strategy: For foreign buyers, Larky Parky operates on a fixed profit margin per product, and the impact would be transferred to the buyer when they sell the products in the foreign market.
  • Supply chain Disruption: The business collects stocks from different manufacturers and wholesalers. Any kind of disruption in the supply chain can affect the business and its reputation in the long term such as delayed product delivery, lower quality, etc. 
    • Larky Parky’s Strategy: The business has been working with an experienced and large network of suppliers for a long period of time which allows it to collect bulk amounts of different products and deliver those swiftly. 
  • Payment Delay: Delayed payments can affect the cash flow of Larky Parky, and hinder the operational performance of the business.
    • Larky Parky’s Strategy:  The business is conducting most of its transactions through cash and besides that, they’re collecting the due payments from buyers within a short period after delivery. 
  • Political instability: There might be some macroeconomic turmoil towards the end of 2023 before the general election. This may impact the business.

The instalment structure has been arranged such that the business can run operations smoothly without being burdened by repayments.
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.

biniyog.io will buy the products on behalf of investors first and secure ownership in the factory premises. The products will then be handed over to Larky Parky within a very short time frame.

Larky Parky would have the right to reject the product due to quality and other order specifications. The risk is expected to be minimal since it would be a factory that they regularly work with for similar orders.

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

Larky Parky will share a personal guarantee security cheque and installment cheques with biniyog.io. 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.