6 months

Min. Investment

৳ 10,000

Projected ROI

16.5% (annualized)

Risk Grade



S.K. Footwear is a stock-lot wholesaling business that sells export-oriented shoes. The business needs funding for catering the surged demand occurring in the winter season. The business is targeting to purchase products in bulk so that special discount prices can be availed.

M/S. S.K. Footwear completed 15% repayment of its previous campaign & will be completing additional repayment of 35% before the signing of this campaign’s contract. 

This is a halal “buy-and-sell” (Bai’ Murabaha) campaign, and investors can expect to get an ROI of 8.25%* over 6 months (16.5% annualized). 

*subject to investment risk (details below)

Jahangir Nagar University area, Savar, Dhaka., Bangladesh

S.K. Footwear [2]

৳ 2,003,864 Raised
৳ 0 Being Processed
0 Days Left
Goal: ৳ 1,200,000
The campaign is successful.
By Saif
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The Business

Accordion Content

S.K. Footwear sells shoes that are mostly export-oriented. As the export-oriented shoes are considered to be better in quality, there is a huge demand for them in our domestic market as well. The business purchases the shoes from the manufacturers directly and sells them to many retail and wholesale shops. 

The business officially started in 2022 as M/S. S.K. Footwear. It has been able to maintain a good level of revenue so far. The business has an established sales channel that lets it enjoy a smooth area for transactions. The business has a physical outlet at Jahangir Nagar University area for retail sales.    

The business sells both  men’s and women’s shoes. The main customer base of the business are retail shops and online page (f-commerce) businesses. The business is looking to expand its customer base by increasing its supply of products. 

Explore: Facebook page 

Aambagan gate, Shantiniketan, Jahangir Nagar University area, Dhaka. 

💡 Is the business Shariah-compliant?

  • The business model (selling shoes) 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. Measbaul Shahed is a student of the Geography and Environment department of Jahangir Nagar University. From the very beginning of his university life, he has had a great urge to explore the business world. He started working with a start-up named Shopkpr (ShopkprTechnologies Pvt. Ltd.). It was a B2B supply chain solution business. Later on, he started to explore the footwear industry with a vision of building a brand of his own. With that vision, he started the wholesaling business of stock-lot shoes. Mr. Shahed has recently taken franchise for Sultan’s Dine, Nawabi Chatga and S.A. Corporation in Bogura.

  • Good stream of revenue.
  • Owner with a good level of knowledge of the market.
  • Established sourcing and selling channels.

The Contract

Accordion Content

The investment is for a period of 6 months, expected from January 2023 to July 2024.

Projected ROI: 8.25% 

Projected ROI (annualized): 16.5% per annum

Example: if someone invests BDT 100k in the project, he/she can expect to receive a total of BDT 108.25k by July ‘24.

biniyog.io will be charging investors an 8.33% fee on their profits. Example: If an investor invests BDT 100k and makes a profit of 9k in 6 months, biniyog.io will charge 0.750k as a service fee. This means investors will be keeping 91.67% of the profits generated. The net ROI for the investors will be 8.25% for 6 months (16.5% annualized) after deducting biniyog.io’s fee. 

  • Investors will go into a Murabaha agreement (sale contract) with S.K. Footwear  for purchasing shoes (in bulk).
  • It will be a “buy-and-sell” process where investors will first buy products through biniyog.io. S.K. Footwear will then buy those items from investors on credit and pay the amount over 6 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 S.K. Footwear.
  • biniyog.io has proposed a price to S.K. Footwear for the products after considering a minimum 9% profit on actual cost of product procurement. S.K. Footwear has agreed to it. Investors will be getting a net of 8.25% profit after deducting biniyog.io’s service charge on investor profit.
  • Investors can expect to get their returns over 6 months.

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
  • Not getting the expected volume of products: The business sources products from manufacturers directly. Sometimes, the manufacturers tend to deliver less products than the business demands. This happens due to sudden unavailability or surged demand of the products.     
    • S.K. Footwear ’s strategy: The business owner has a good level of networking with the manufacturers. Therefore, he gets to know if there is any possibility of supply shortage beforehand. Additionally, the business purchases from different sources to keep the supply flow stable. The business owner is also working on getting onboard with new suppliers.
  • Inflation: Any abnormal increase in the price of raw materials would have an effect on selling prices to local buyers, possibly resulting in a decrease in sales volume. Moreover, inflation will slim down the purchasing power of end customers. This might result in a significant drop in sales. 
    • S.K. Footwear ’s strategy: The business is planning to make some bulk purchases with the funding. This step is expected to mitigate the price hike issue to a tolerable level. Moreover, the business has a good number of customers who are online-based businesses. Such businesses normally manage to keep their sales at expected level with their extensive outreach to customers.

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. The products will then be handed over to S.K. Footwear within a very short time frame.

S.K. Footwear would have the right to reject the products due to quality etc. The risk is expected to be minimal since S.K. Footwear themselves will be choosing the items before biniyog.io buys them.

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


M/S. S.K. Footwear will share a security cheque with biniyog.io. Additionally, a guarantor will be introduced in the contract by the business owner as well.


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.

  • 25-12-2023

    This campaign is now live on biniyog.io!

    The funding campaign has started. The target is BDT 12 lac.