9 months

Min. Investment

৳ 10,000

Projected ROI

16.5% (annualized)

Risk Grade



Nazneens is a clothing brand catering to customers all over BD. The main focus of the business is to design and manufacture clothes. The funds will be used to buy fabrics and accessories directly from vendors in bulk quantities. 

This is a “buy-and-sell” (Murabahah) contract where investors can enjoy an ROI of 12.375%* over 9 months (annualized expected return of 16.5%).

*subject to investment risk (details below)

Dhanmondi, Dhaka, Bangladesh


৳ 1,303,774 Raised
৳ 235,668 Being Processed
0 Days Left
Goal: ৳ 1,500,000
Minimum amount is ৳ 10000 Maximum amount is ৳ 750000
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By Jannat
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The Business

Accordion Content

Nazneens is a clothing brand focused on manufacturing clothes of unique designs with the help of internal designers and skilled workers in its production facilities. The business participated in fairs organized in WVA, Officers Club, and different Embassy, which helped them become renowned in the domestic market. The owner has given interviews and lectures in SME foundation, Islamic Bank Magazine, Bangladesh Radio, and FM Radio about the success of his business.

Currently, the business needs funds to increase its supply to the local and international markets by purchasing raw materials for production facilities. 

Shop + Warehouse Address: Plaza A.R , Dhanmondi,Sobanbag,2nd floor,Shop-304, Dhaka 1219. 

Explore: Facebook page


💡 Is the business Shariah-compliant?

The business model (Manufacturing & selling clothes) 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. 

Towfique Kabir, the owner of  Nazneens has been operating the business since its inception with unique designs and good-quality products. His MBA and experience in Marketing in a multinational company have helped him to handle the business and marketing segment. The owner plans to create more wholesale points in the future and modernize the factory to increase production capacity to meet the rising demand.

  • Direct involvement in procurement to ensure standard quality of products.
  • Strong offline and online presence with a large customer base in the local market.
  • Has own production facility with a large capacity.
  • Well-known brand with regular participation in domestic and international fairs
  • Selling products of unique 160+ designs.
  • Revenue generation from both wholesale & retail wing.

The Contract

Accordion Content

The investment is for a period of 9 months, from June 2024 to the mid of March 2025.

Projected Return on Investment (ROI): 12.375%

Projected annual ROI: 16.5%

Example: if someone invests BDT 100k in the project, he/she can expect to receive a total of BDT 112.375k by the mid of March 2025.

biniyog.io will be charging investors an 17.50% fee on their profits. Example: If an investor invests BDT 100k and makes a profit of 115k in 9 months, biniyog.io will charge 2.625k as a service fee. This means investors will be keeping 82.50% of the profits generated. The net ROI for the investors will be 12.375% for 9 months (16.5% annualized) after deducting biniyog.io’s fee.

  • Investors will go into a Murabahah agreement (sale contract) with Nazneens to purchase fabrics and accessories from vendors. 
  • It will be a “buy-and-sell” process where investors will first buy products through biniyog.io. Nazneen will then buy those items from investors on credit and pay the amount over 9 months.
  • biniyog.io will act as an agent for the investors and buy the product, take necessary ownership and risk of asset possession on their behalf, and then sell to Nazneens.
  • biniyog.io has proposed a price to Nazneens for the products after considering a minimum 15% profit on the actual cost of product procurement. Nazneens has agreed to it. Investors will be getting a net of 12.375% profit after deducting biniyog.io’s service charge on investor profit.
  • Investors can expect to get their returns over 9 months in two installments:
    • 35% in January 2025
    • 65% in March 2025

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
  • Fluctuation of raw materials price: Due to the ongoing inflation and dollar rate volatility, an increase in raw material prices would impact selling prices to all levels of buyers and may result in a decrease in the volume of sales.
    • Nazneen’s strategy: The business targets mid to high-end customers with diversified clothing products. This can mitigate this risk to a tolerable point by adjusting the price of products. 
  • 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. 
    • Nazneen’s strategy: The business has been working with an experienced and large network of suppliers for a long period allowing them to collect bulk amounts of different products and deliver those swiftly. 
  • Intense Market Competition: Several Bands are in the market doing business. In this state, differentiating a business from others and unethical competition can be a challenge to be dealt with. Changes in consumer preferences or trends may impact the demand for lifestyle products.
    • Nazneen’s strategy: Years of business and good quality products helped Nazneens to create a loyal large customer base in both local and domestic market. The business is working to stay ahead in the market due to its product quality and innovative design. Also, owners’ experience in this industry helps the business to make decisions which helps to stay ahead of the competition
  •  Payment Delay: Delayed payments can affect the cash flow of Nazneens, and hinder the operational performance of the business. This might lead to delayed repayments for the investors. 
    • Nazneen’s Strategy:  The business is conducting most of its transactions in cash or partial advance payment for its wholesale wing. And for the retail wing, the business prefers cash transactions only. 

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, if not hugely impacted by macroeconomic issues.

biniyog.io will buy the products on behalf of investors first and secure ownership. Nazneens would have the right to reject the products due to quality etc. The risk is expected to be minimal since Nazneens will choose the items before biniyog.io buys them. 

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

Nazneens will share a security cheque. Moreover, a guarantor will be introduced in the contract for adding an extra layer of security 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.

  • 28-05-2024

    This campaign is now live on biniyog.io!

    The funding campaign has started. The target is BDT 15 lacs with a stretch goal of 20 lacs.