16% per annum
5 instalments (every month from 4th month)
Task Design & Consultancy is an engineering consultancy firm that provides services such as Structural Design, Architectural design, Soil test, Electrical design, Fire safety, Retrofitting, Industrial consultancy, HVAC, Interior Design, Compliance Audit, Environmental Impact Assessment, Landscaping, Graphics Design, and Steel building construction.
This is a “buy-and sell” (Murabahah) contract where investors can expect to get an ROI of 10.67%* (16% annualized) over 8 months.
*subject to investment risk (details below)
Task Design & Consultancy
Written by Task Design & Consultancy – verified by biniyog.io ✅
Task Design & Consultancy is one of the fastest growing consultancy firms in Bangladesh. The company started in 2015 and is operating successfully with 3 branches, 1 factory with a considerably stable flow of revenue. The team consists of 20 young engineers along with a highly experienced senior advisory team who guide us throughout the journey. We have successfully completed several projects for renowned organizations such as BRAC, JD Williams (ongoing), Team group, Bangladesh Navy, Swiss Contact, Telenor and others. The cash cow of this company is industrial consultancy and construction of pre-fabricated steel buildings. Task Design & Consultancy has good rapport built-up in this arena.
Explore: Website link | Facebook page | LinkedIn page
Office address: Flat – 2, House – 10, Road- 5E, Sector – 11, Uttara, Dhaka, Bangladesh.
💡 Is the business Shariah-compliant?
The business model (trading steel plates and scraps) 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.
Written by Task Design & Consultancy – verified by biniyog.io ✅
Managing partner 1: Kamruzzaman Shohug
From the very beginning of my career I am closely related to the industrial compliance sector. I was fortunate enough to work in ILO, ACCORD, GIZ which made me passionate about industrial compliance, worker safety, green building, sustainable development and so many more. As I have had the experience of working in both the audit and the development sector, it was easy for me to understand and deliver client requirements in my consultancy career. With time, our dynamic team has established TASK DESIGN & CONSULTANCY as one of the reputed industrial consultancy firms in Bangladesh.
Managing partner 2: Md. Niaz Mustaqeem
I have an experience of around 16 years of working in the engineering sector of Bangladesh. I have completed my graduation from BUET. I have worked as the project director of Waseq Group. After that, I worked as a chief engineer of A Square Multipurpose Ltd. Having such a wide area of work experience has allowed me to understand the complete scenario of the engineering sector of Bangladesh. I am now investing my prior experience and knowledge in Task Design & Consultancy and striving to make our firm as one of the finest engineering firms in Bangladesh.
- Strong connection management with the customers and the suppliers.
- One stop solution provider.
- Experience of working in big projects of renowned businesses such as BRAC, JD Williams, Team group, Bangladesh Navy, Swiss Contact, Telenor and others.
- Structured procurement plan.
The investment is for a period of 8 months, expected from mid December 2022 to August 2023.
(Exact date will be finalized after financing is complete)
Projected Return on Investment (ROI): 10.67%
Projected ROI: 16% per annum
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 110.670k by August ‘23.
- Investors will go into a Murabahah agreement (sale contract) with Task Design & Consultancy for purchasing construction steel items.
- It will be a “buy-and-sell” process where investors will first buy products through biniyog.io. Task Design & Consultancy will then buy those items from investors on credit and pay the amount over 8 months in 5 instalments.
- 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 Task Design & Consultancy
- biniyog.io has proposed a price to Task Design & Consultancy for the products after considering a minimum 10.67% profit on actual cost of product procurement. Task Design & Consultancy has agreed to it.
- Investors can expect to get their returns over 8 months in 5 instalments:
- 7.5% by mid of April’23
- 7.5% by mid of May’23
- 7.5% by mid of June’23
- 7.5% by mid of July’23
- Final 70% by mid of August’23
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.
- Inflationary pressure impacting the contract / project-based sales: Task Design & Consultancy generates revenue from different projects with organizations and individuals. Due to current inflationary pressure, Task Design & Consultancy may face an unforeseen drop in sales if their clients decide to stop construction and expansion. Besides, some ongoing contracts may get postponed or halted due to the unpredictability of the ongoing economic situation. In addition, any event of payment delay from a client may also result in delay in investor repayments.
- Task Design & Consultancy’s strategy: The business has completed a good number of projects and contracts during the 2021 – 2022. The clients that they work with have many projects ongoing at the moment. biniyog.io has contacted one of the international clients of Task Design & Consultancy and has received good feedback about their quality of work. Due to their quality and good relationship with existing clients, Task Design and Consultancy is likely to get priority when they will be giving out new contracts. Moreover, the business has 3 wings such as construction, interior designing and engineering consultancy that drives in revenue from different sources.
- Possibility of time lag in procurement: The current situation of the steel market is unstable. Price volatility may result in time lag of procuring the steel materials. Sudden abnormal price hike may also result in significant delay in the procurement.
- Task Design & Consultancy’s strategy: The business maintains strong connections with its suppliers. So, they are able to schedule the procurement according to their needs on time. This allows the business to avoid events of uncertainty. Moreover, biniyog.io has contacted some of the major suppliers of Task Design & Consultancy for verification and has received positive feedback regarding their transaction and volume of business.
biniyog.io will buy the products on behalf of investors first and secure ownership. The products will then be handed over to Task Design & Consultancy within a very short time frame.
Task Design & Consultancy would have the right to reject the products due to quality etc. The risk is expected to be minimal since Task Design & Consultancy 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, if not hugely impacted by macroeconomic issues.
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% (instead of 10.67%). 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% in 6 months means 18% per annum)
Task Design & Consultancy 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.
This campaign is now live on biniyog.io!The funding campaign has started. The target is BDT 12 lac with a stretch goal of BDT 15 lac.
Extended till 16th DecThe target of BDT 12 lac has been achieved and campaign extended with a target of BDT 15 lac.