8 months

Min. Investment

৳ 10,000

Projected ROI

17% annualized

Risk Grade



RM Auto is an imported spare parts,  second-hand bike reselling, and bike repair shop business. The business will utilize the funds to bring demanding inventories for their shop and to increase their sales of reconditioned motorcycles. 

 This is a “buy-and-sell” (Murabahah) contract where investors can enjoy an ROI of 11.33%* over 8 months (annualized expected return of 17%).


*subject to investment risk (details below)

Uttar Pirerbag, Mirpur, Dhaka, Bangladesh


৳ 710,000 Raised
৳ 0 Being Processed
0 Days Left
Goal: ৳ 700,000
The campaign is successful.
By Saif
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The Business

Accordion Content

Written by RM Auto

RM Auto is a motorcycle service center. We started our journey in 2018 as an online spare parts seller and started the segment of bike servicing with our workshop in 2019. By the grace of Almighty, we are doing good in the service business. In 2022, we have started a recondition motorcycle selling business which has a good customer base. Currently, we’re selling imported spare parts, reconditioned bikes, accessories, and automobile services. We are seeking funding to develop our recondition motorcycle sales.

The business needs funding for purchasing a certain number of second-hand bikes and selling it at a standard profit using his channels of sourcing and selling.

Office/Workshop Address: Uttar Pirerbagh, Mirpur, Dhaka. 

Explore:  Facebook Page 



💡 Is the business Shariah-compliant?

The business model (selling imported spare parts, accessories, second-hand motorcycles, and repairing services) 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.

Mehedy Rabby has been running R.M Auto since 2018. Currently, he is studying at Govt Titumir College in Islamic History & Culture. He has been doing business for the last 7 years. He grew up in a business-oriented family, leading him to learn and be passionate about business. Currently, he is overseeing his motorcycle service, spare & sales business, and importing motor spare parts & accessories from China, Indonesia, Malaysia, Thailand & India for retail and wholesale purposes. His future vision regarding R.M Auto is to grow the recondition motorcycle selling business into a remarkable position and introduce aftermarket performance spare products that have a huge market potential in the future.

  • Revenue generation from multiple channels.
  • Providing bike repairing service to Bangladesh Coast Guard, AXEN, and many other corporate and retail customers. 
  • Working with Adnoc Voyager, and many other brands.  
  • Has a vast loyal customer base due to its high-quality services and products.

The Contract

Accordion Content

The investment is for a period of 8 months, from October 2023 to June 2024.

Projected ROI: 11.33

Projected ROI (annualized): 17% Annualized

Example: If someone invests BDT 100k in the project, he/she can expect to receive a total of BDT 111.33k by June ‘24.

biniyog.io is offering a 100% discount on the service charge of investor profit.

  • Investors will go into a Murabahah agreement (sale contract) with R.M Auto to second-hand bike and bike parts.
  • It will be a “buy-and-sell” process where investors will first buy the products through biniyog.io. R.M Auto will then buy those items from investors on credit and pay the amount after 8 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 R.M Auto.
  • biniyog.io has proposed a price to R.M Auto for the products after considering a minimum 11.33% profit on the actual cost of product procurement. R.M Auto has agreed to it.

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
  • Intense market Competition: The market for spare parts and second-hand bikes in Bangladesh is highly competitive. For example, there are numerous bike repairing shops and spare parts sellers near the location of R.M Auto. So, it is already challenging for the business to maintain the quality of products and customer services.   
    • R.M Auto’s strategy: R.M Auto provides high-quality products and services with a 7-day warranty. With their customer-friendly prices and after-sales services, they’ve attained a good amount of regular customer base. Moreover, the business offers some premium and exclusive products that enables them to attract the customer base more easily.
  • Price volatility of imported products: The majority portion of bike spare parts is imported from overseas. This brings into uncertainties especially the current dollar crisis situation. However, this may impact any business that is heavily dependent on imported products.    
    • R.M Auto’s strategy: The business is not only dependent on its spare parts selling business. It also has a bike repairing wing and a second-hand bike selling wing (opened in 2022) that drives in revenue every month.  
  • Deferred payments from the buyers: R.M Auto serves many corporate and retail customers in Bangladesh. However, the orders received sometimes come with a condition of deferred payments. The business often has to wait over 15-30 days to get the payments.
    • R.M Auto’s strategy: R.M Auto has been doing business with its clients for a long time now. It has built a good rapport with them. As the orders have become quite frequent, the deferred payments have become part of its payment chain resulting in an almost uninterrupted payment system.  
  • Permission of 375cc bikes: Recently the Ministry of Home Affairs has decided to permit up to 375cc motorcycles on the local roads if they are manufactured locally. This might lead to lower prices of some models of reconditioned bikes.
    • R.M Auto’s Strategy:  The business will be targeting to purchase bikes that are in high demand and have lower price elasticity. On the other hand, this new policy will also raise the price of some models. Permission of 375cc bikes will also open a new door of opportunity for the business as there will be a new line of demand for the new line of incoming bikes. 
  • Political instability: There might 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. R.M Auto would have the right to reject the products due to quality etc. The risk is expected to be minimal since R.M Auto will choose the items before biniyog.io buys them.

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

R.M Auto will share installment cheques with biniyog.io. A personal guarantee security cheque will also be kept from the business owner along with a guarantor. 


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.

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  • 05-10-2023

    This campaign is now live on biniyog.io!

    The funding campaign has started. The target is BDT 7 lac.