The investment will be used to purchase and sell products to small retail businesses. The retail businesses will be selected by partnering up with SupplyLine who are working in the retail industry.
SupplyLine serves retailers by giving them the best prices for stocking products, and offers collateral-free invoice finance to help them maintain healthy cash flow. They procure the products from renowned FMCG brands having a distributor licence, and using their distribution channel, they supply the products to retailers. They have an order management tool too, which they analyse to help provide collateral-free financing. They have a unique business model which is backed by Accelerating Asia and Hustle Fund.
The retailers who will be given access to financing will be selected based on good location and proper transaction history.
SupplyLine and biniyog.io have analysed complete transaction data of shortlisted retailers according to the regular assessment process. After filtering out, retailers with regular repayment records and high volume of transactions have been selected.
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Office address: 270, Old Sonali Bank Building, Ibrahimpur Primary School Road, Dhaka – 1216
💡 Is the business Shariah-compliant?
The business model (trading grocery items and FMCG goods) 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.