Duration

4 months

Min. Investment

৳ 10,000

Projected ROI

16% Annualised

Risk Grade

B+

Overview

Raging Bull Pvt Ltd is a clothing brand for young generations with a strong presence in B2B as well as B2C market. With a good level of product demand, the business is looking to raise funds to cater to more work orders from different renowned corporates in Bangladesh.

The business has repaid 100% of its principal repayment of the previous campaign.

This is a “buy-and-sell” (Murabaha) contract where investors can enjoy an ROI of 5.33%* over 4 months (annualized 16%).

*subject to investment risk (details below)

Adabor, Dhaka, Bangladesh

Raging Bull Pvt. Ltd. [2]

৳ 999,345 Raised
৳ 0 Being Processed
0 Days Left
Raised:
99.93%
Goal: ৳ 1,000,000
The campaign is successful.
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The Business

Accordion Content

Written by Raging Bull

Raging Bull provides lifestyle solutions to professionals and corporates. We make mid to high-range clothing and lifestyle products at our contract manufacturing facility. Our product ranges from t-shirts, polo, denim jeans, hoodies, jackets, bags, etc. We also serve renowned corporates like Prothom Alo, Incepta Pharmaceuticals, BRAC etc. The company is pursuing the establishment of a stable B2B sales channel. Currently, it is focusing on strengthening its brand presence Raging Bull Jeans in the B2C market.

The company deals with work orders from renowned corporations in Bangladesh. The business will be outsourcing specific parts of manufacturing processes to maintain  its smooth production flow. The business needs to raise funds to finance the manufacturing costs timely. 

The business has repaid 100% of its principal repayment of the previous campaign.

Explore: Facebook | LinkedIn 

Address: House 806 (1st Floor), Road 3, Baitul Aman Housing Society, Adabor, Dhaka, Bangladesh.

FAQ:
💡 Is the business Shariah-compliant?

  • The business model (selling polo T-shirt, jeans, Hoodies, 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.

Mr. Abu Darda is the founder and Managing Director of Raging Bull

Written by Raging Bull

My name is Abu Darda, graduated from IBA, Jahangirnagar University. I have 12 years experience in project manager and very passionate in solving social problem through entrepreneurship. As an entrepreneur I have started Parmeeda and Raging Bull Jeans, 2 startups that served more than 100,000 clients over 7 years. My dream project is to create a global brand made in Bangladesh and create more opportunities from my Origin.

  • Established B2B client 
  • Brand Recognition in the B2C Market
  • Broad Product Line
  • Established supply chain

The Contract

Accordion Content

The investment is for a period of 4 months, from January 2024 to April 2024.

Projected ROI: 5.33% 

Projected ROI (annualized): 16% Annualized

Example: If someone invests BDT 100k in the project, he/she can expect to receive a total of BDT 105.33k by April ‘24.

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 6k in 4 months, biniyog.io will charge 0.667k as a service fee. This means investors will be keeping 88.89% of the 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 Murabaha agreement (sale contract) with Raging Bull Pvt. Ltd. to purchase raw materials to manufacture clothing and gift items.  
  • It will be a “buy-and-sell” process where investors will first buy products through biniyog.io. Raging Bull Pvt. Ltd. will then buy those items from investors on credit and pay the amount over 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 Raging Bull Pvt. Ltd.
  • biniyog.io has proposed a price to Raging Bull Pvt. Ltd. for the products after considering a minimum 6% profit on the actual cost of product procurement and Raging Bull Pvt. Ltd. has agreed to it. Investors will be getting a net of 5.3% profit after deducting biniyog.io’s service charge on investor profit.
  • Investors can expect to get their returns over 4 months in a single repayment.

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

Product rejection due to quality control: Rejection of products for not meeting the expected quality is a common scenario for apparel business that can cause significant  loss for any business operating in this industry. 

  • Raging Bulls Pvt Ltd’s Strategy: They collect fabric samples from the customer, and discuss all the quality issues beforehand to get approval before starting the manufacturing process. This mitigates the risk of product rejection to a significant level. 

Payment Delay: Delayed payments can affect the cash flow of Raging Bull, potentially causing financial strain or affecting their ability to fulfill other orders.

  • Raging Bulls Pvt Ltd’s Strategy: To prevent the effect of delayed payment on smooth operation the business is looking for funds as working capital to run its operations hassle-free. 

Supply chain Disruption: The business outsources orders from different manufacturers. Any kind of disruption in the supply chain can affect the business and its reputation in the long term like: delayed product delivery, lower quality etc. 

  • Raging Bulls Pvt Ltd’s Strategy: To prevent the effect of supply chain disruption, the business independently controls end-to-end operations by their experienced workforce and also distributes orders in 3 different factories. 

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. Raging Bull Pvt. Ltd. would have the right to reject the products due to quality etc. The risk is expected to be minimal since Raging Bull Pvt. Ltd. will choose the items before biniyog.io buys them.

Raging Bull 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.

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.

  • 23-11-2023

    This campaign is now live on biniyog.io!

    The funding campaign has started. The target is BDT 10 lac.