Wearix is a sports clothing brand in Bangladesh. They have a good network among the national level sports players in Cricket, Football, Hockey etc.
By leveraging the network, they are acquiring customers both in B2B (event-based and shop sales) and B2C (direct sale to customers).
They are seeking investment to purchase premium quality fabric for manufacturing and sell it using both the B2B and the B2C channels.
The business has repaid 45% of its repayment of the previous campaign.
Shop/warehouse address: Ambagan, adjacent to Jahangirnagar University, Savar, Dhaka.
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💡 Is the business Shariah-compliant?
- The business model (selling jerseys, t-shirts, jockers, etc.) 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.