7 months

Min. Investment

৳ 10,000

Projected ROI

18% per annum

Risk Grade



3 instalments in 5th, 6th, 7th month


Shopan Enterprise is a bulk collector and seller of original Sundarban honey and other organically gathered honey. The funds will be used to prepay honey collectors (মৌয়াল) in Sundarbans for gathering honey. Investors can expect to get an ROI of 10.5%* over7 months. 

*subject to investment risk (details below)

Satkhira, Khulna, Bangladesh

Shopan Enterprise

৳ 980,000 Raised
৳ 0 Being Processed
0 Days Left
Goal: ৳ 700,000
The campaign is successful.
By saeed
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The Business

Accordion Content

Written by Shopan Enterprise – verified by biniyog.io ✅

Sundarbans produces the famous mangrove honey, or Sundarban honey as we know it. The process of Sundarban honey collection is unique. Mouals (or honey collectors) go deep into the Sundarbans to collect honey with a 14-day permit from the Bangladesh Forest Department. The Mouals stay inside the forest for these 14 days and collect honey. This honey is sold all over Bangladesh through various traders.

For 3 years, Shopan has been sending boats to collect honey in a joint venture and sells wholesale to reputed businesses across the country. In line with the huge demand, Shopan has decided to send one additional boat along with the other 3 alhamdulillah, and this is the reason Shopan is looking for investment.

Apart from the honey business, Shopan is also involved in various research projects and honey awareness work. Shopan is also encouraging traders to establish mini labs for quality honey screening and testing. Shopan has already helped to establish mini labs in 4 reputed institutions of the country. Apart from the establishment of the lab, training facilities will be launched very soon, insha-allah.

Shopan has been working tirelessly to develop the budding honey sector in the country and with this inspiration many educated youth are getting involved in the honey business today. As a result, Shopan has already gained recognition as a pioneer in the honey sector today.

Shop + Warehouse Address: 69/7, BH Jasmin Tower, Balughat, Dhaka Cantonment
Explore: Facebook shop page | Facebook group

💡 Is the business Shariah-compliant?

  • The business model (collection and selling honey) is Shariah-compliant
  • The owner of Shopan Foods has constantly asked questions to ensure that the overall contract process is Shariah compliant.

💡 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.

Shopan temporary storage

Shopan Enterprise temporary storage

Written by Shopan Enterprise – verified by biniyog.io ✅

Mr Ariful Islam passed his SSC and HSC from BAF Shaheen College and completed his honours in Journalism from Stamford University and MBM (Masters of Bank Management) from Bangladesh University of Business Technology. He ran a business of gents garments and also a pharmacy business. His work with honey started out as a hobby, and turned into a major business while studying and writing extensively about it! The pharmacy is still active, but the garment business has been closed and now the sole focus is on the honey business.

Mr. Arif has been working in the honey sector for 6 years, and has gathered a good reputation for themselves. He is working to raise awareness about adulterated honey as well as removing common misconceptions about honey. He is working tirelessly to make “Sundarbans honey” stand tall besides other famous brands of the world. Shopan Enterprise has worked with Alwan Enterprise over the past year for a separate BSTI standard for “Sundarbans honey”. Due to their efforts, this year BSTI released a new standard for honey; the gadget came into force as “BDS 1039-2022” from 28th September 2022 alhamdulillah.

Mr Arif with the honey collection team in Sundarban himself

  • Business owner is respected and well known in the local industry
  • Loyal customer base due to the unquestionable quality of the product
  • Long term experience gathered with a mixture of study and practical field work
  • Relentlessly working to establish quality of products and maintain business ethics

The Contract

Accordion Content

The investment is for a period of 7 months, from February 2023 to August 2023.

Projected Return on Investment (ROI): 10.5%
Projected annual ROI: 18%

biniyog.io will NOT charge the investors any fees for this service. 

Example: if someone invests BDT 100k in the project, he/she can expect to receive a total of BDT 110.5k by the end of August 2023.

  • Investors will go into a Murabahah agreement (sale contract) with Shopan Enterprise for purchasing original honey collected from Sundarban. 
  • It will be a “buy-and-sell” process where investors will first buy products through biniyog.io. Shopan Enterprise will then buy those items from investors on credit and pay the amount over 7 months in 3 instalments.
  • biniyog.io will act as an agent for the investors and appoint Shopan Enterprise to arrange the purchase of Sundarban honey using a Moual boat. biniyog.io will then take necessary ownership and risk of asset possession on their behalf, and then sell to Shopan Enterprise. In the event that enough Sundarban honey is not collected from the Moual boat (details in Risk Section), Shopan Enterprise will arrange for different quality honey (Khalisha, Sharisha etc.), and that may impact profitability for investors (since they are inferior quality to Sundarban honey, mark-up will be lower)
  • biniyog.io has proposed a price to Shopan Enterprise for the products after considering a minimum 10.5% profit on actual cost of product procurement. Shopan Enterprise has agreed to it.
  • Investors can expect to get their returns over 7 months in 3 instalments:
    • 10% at the end of June’23
    • 20% at the end of July’23
    • final 70% at the end of August’23

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 an advanced buy-and-sell (Bai’ Murabaha) agreement.

biniyog.io‘s Shariah advisors have approved the basis and application of this Bai’ Murabaha contract.

Potential Risks

Accordion Content
  • Inflation and macroeconomic issues: Prices of commodities is going up by on a regular basis. The honey market is not completely safe from such impact. Prices going up by a significant margin might end up hurting the total revenue and the net profit of any business.
    • Shopan Enterprise’s strategy: The business will be buying the products before the inception of the peak season. Being a wholesaler, Shopan Enterprise has a fixed set of customers. In fact, the business has often failed to meet the demand due to either shortage of funds or supply of product. Therefore, the probability of the business getting hit by the high inflation and macroeconomic issues is low. 
  • Tiger attack on Moual jeopardizing honey collection: This is the most risky part of this business. There have been incidents where honey collectors were brutally injured or got killed by tiger attacks. The honey collection comes to a halt if such incidents occur. The honey collectors fail to provide the honey they have taken pre-payments for. Although tiger attacks are not that frequent, the chance of being attacked by a tiger while collecting honey is never zero percent. In fact, the business itself suffered a loss due to an unfortunate tiger attack in 2021 where one of the assistants of the honey collectors was killed. The honey collectors came back instantly and the business suffered a significant loss in that year. However,  the pre-paid money given to the collectors was not lost. They repaid most of the money by providing honey in the next season and there is only a small amount to recover from them now.       
    • Shopan Enterprise’s strategy: There is only one way to reduce this risk that is to make contracts with highly experienced and skilled honey collectors. Because they understand the forest better than anyone. The owner of Shopan Enterprise has a strong network built-up with many expert honey collectors and the locals. He’ll be acting as an intermediary between the investors and the honey collectors to ensure the investors can limit this risk to a tolerable extent.


  • Honey getting seized by border authority: Moual may get into the Indian territory intentionally or unintentionally. If the BSF (Border Security Force of India) can apprehend them while doing so, they normally seize all the honey the Mouals have gathered. 
    • Shopan Enterprise’s strategy: Mr. Arif, the owner, has over 5 years of experience in this line of business. He has worked with numerous honey collectors. He has managed to gather expert navigators in his team. He will be connecting biniyog.io with those expert honey collectors so that the investment can be safeguarded under this circumstance.

Left to right: Raw organic honey with wax collected in a pot, boats used to collect honey, using smoke to collect honey

 biniyog.io will buy the products on behalf of investors first and secure ownership. Shopan Enterprise will act as collection agent for honey. The products will then be handed over to Shopan Enterprise within a very short time frame.

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

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

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, unless one of the risk factors come into play.


Please note that the business may be given an incentive in the form of a discount on early repayment, which can only come in effect if the investors agree.

Following example is an illustration:
If the business repays within 6 months, the markup profit can be 9.5% (instead of 10.5%). This benefits both parties – the business has to pay back less and investors get their money back faster at a higher annual rate of return (e.g. 9.5% in 6 months means 19% per annum)

Shopan Enterprise  will share instalment cheques with biniyog.io. A personal guarantee security cheque will also be kept from the business owner.


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.

  • 14-01-2023

    This campaign is now live on biniyog.io!

    The funding campaign has started. The target is BDT 7 lac, with a stretch goal of BDT 12 lac.
  • 30-01-2023

    Extended with a stretch goal

    The period has been extended with a stretch goal of BDT 10 lacs