6 months

Min. Investment

৳ 10,000

Projected ROI

14-20% per annum

Risk Grade



Memsaheb is an online F-commerce business which sells local and imported raw materials for handcrafted jewellery in retail and wholesale. They are looking to raise BDT 3.25 lac for a period of 6 months on a profit-sharing (Musharakah) contract. Investors will be able to enjoy an ROI of 7-10% on their investment (14-20% per annum).

Chittagong, Bangladesh


৳ 329,950 Raised
৳ 0 Being Processed
0 Days Left
Goal: ৳ 325,000
The campaign is successful.
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The Business

Accordion Content

Memsaheb is an online wholesaler and retailer of raw materials that are used for handcrafted jewellery.

Using Facebook as a platform, Memsaheb started its operations in 2017 with a capital of only BDT 1500. 5 years later, the size of the business has now grown to about BDT 10 lac, with a network of 500+ entrepreneurs supported by the business nationwide.

Though the raw materials were only sourced locally in the beginning, Memsaheb now also imports quality products from China and India that are not readily available in Bangladesh.

Facebook Page | Public group | Private group

Ms. Fariha Islam, proprietor of Memsaheb, started the business in 2017 from her love for handcrafted materials. Based in Chittagong, her unique venture has turned into her primary passion over the years.

Fariha has two main visions regarding her business – popularizing local handcrafted products and creating new entrepreneurs.

Fariha started Memsaheb with the motto “Be your own kind of beautiful” and has since inspired hundreds of entrepreneurs. She maintains a public Facebook group “উদ্যোগ” of over 14,000 members and her own private group “মেমসাহেব” of over 6,000 members. To stay true to her vision, she regularly supports micro businesses by allowing them to purchase her products on credit.

  • Long-term experience of doing business in this field
  • Niche market with established retail and wholesale buyers
  • Supporting small businesses by providing wholesale items
  • Memsaheb leverages her large network of entrepreneurs by arranging fairs periodically. These events contribute as an additional revenue source and can boost the expected profits

The Contract

Accordion Content

The investment is for a period of 6 months, from February 2022 to August 2022.

ROI (total): 7-10%
ROI (annualized): 14-20%

biniyog.io will NOT charge the investors any fees for its services. 

Example: if someone invests BDT 100k in the campaign, he/she can expect to receive an amount between BDT 107 – 110k by the end of Aug’22.

  • Investors will go into a Musharaka agreement (partnership) with Memsaheb
  • It will be a profit-sharing contract, where Memsaheb will be using the investment amount as working capital to import raw materials. This will be sold over upcoming festival seasons like Pohela Boishakh and two Eids.
  • biniyog.io will act as an agent for the investors and collect necessary funds and deposit to the business account of Memsaheb
  • biniyog.io has proposed an 85:15 split of the profit generated during the 6 month period (Feb’22 – Aug’22). 85% of the profits will be the share of business and 15% will be shared with investors; Memsaheb has agreed to it
  • Investors will get their returns (investment + profit) within Aug’22, and biniyog.io will verify the financial statements to ensure proper profit-share disbursement
  • If the business incurs net loss over the 6 month period, investors will have to share loss as per the % of loss incurred (see further details in “Risks” section below)

Shariah Compliance

Accordion Content

Investors appoint biniyog.io as an agent to deal on their behalf (Wakalah) and invest into the business under a partnership (Musharakah) agreement that makes them eligible for receiving profits generated by the business.

biniyog.io has consulted Shariah advisors and applied the basis of the Musharakah contract as per their direction.

Potential Risks

Accordion Content

Memsaheb maintains their financial documents in an unstructured manner. biniyog.io was able to audit the financials to some extent, but had to make several assumptions to forecast the amount of sales and subsequent profit generation.

biniyog.io will enforce an income statement format on the business, which needs to be maintained during the investment period. This will give a transparent outlook of the business for investors, biniyog.io and the business itself.

Memsaheb had previously faced some issues at Customs office regarding importing jewellery raw materials, which delayed sales. This remains a risk at all times.

Memsaheb wants to mitigate this risk by ordering for imports with a few weeks of lead time in hand so that products can be sold during Ramadan and Eid.

To ensure Shariah-compliance, investors have to share a portion of losses (if incurred) over the 6-month investment period.
For example, if someone invests BDT 10k and the business incurs a loss of 3%, the investor would get back BDT 9.7k.

However, since the products are non-perishable and have a healthy profit margin from an established customer base, occurrence of loss is highly unlikely.

Memsaheb will share a security cheque with biniyog.io, which will be encashed in case of any breach of contract.


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.

  • 01-02-2022

    This campaign is now live on biniyog.io!

    The funding campaign has started. The target is BDT 3.25 lac with a stretch goal of BDT 3.5 lac.
  • 08-02-2022

    Successfully completed!

    The funding campaign has been successfully completed after raising BDT 3.3 lac.