Harvest Time
6 months
Qurbani Cow
ROI
15.00% - 18.00%
Cost Per Unit
৳50,000.00 BDT
Invest End Date
30 Jun, 2025
Project Overview
1) As this is Shariah based Murabaha contract (buying, nurturing, and then selling), there is no opportunity for investors to exit in emergencies. We will purchase the cattle, nurture them until they grow, and also then sell them during Eid ul Adha. Therefore, we cannot return your investment before the project's closure.
2) Duration of Investment
The total investment amount will be - 2,48,78,500
This investment will be for 8 Months.
3) Projected ROI(Return of Investment)
The return on investment (ROI) will be 40% annually. In eight (8) months, the investor will receive a halal dividend of 26.67% (excluding service charges).
4) Investment Part
Here, the minimum investment would be 46,700 TK, or investors can invest up to the project limit. Halal dividends will be disbursed every eight months.
For example, if someone invests 100,000 TK (one lakh taka annualy ROI based), they will receive 1,40,000 TK, excluding service charges (100,000 TK as the investment part and 40,000 TK as the profit part in a year).
5) Loss Sharing
Growup is a Shariah-compliant project, and according to the Murabaha principle, investors bear no responsibility for any business losses after handing over the liability regarding the cattle's (intend to baught for Eid ul Adha) nurturing and growth for sale to the merchant during Eid ul Adha. Therefore, there will be no loss sharing from the business after transferring the Qurbani Cow to the merchant.
6) Service Charge
Grow Up will apply a 5% service charge on investors' profit. It should be noted that all of the mentioned ROI above are provided after excluding this service charge.
7) Contract Conditions
The investor will enter into a Murabaha Agreement with Grow Up for the Qurbani Cow Project. It will involve a process of "purchasing the cattle ((intend to baught for Eid ul Adha) , nurturing and raising them, and then selling them out," whereby investors will initially invest in buying cattle through Grow Up and ensure their nurturing and raising for sale through the same entity. Grow Up will act as an agent for the investors, purchasing the cattle, assuming necessary ownership and asset possession risks on their behalf, and subsequently selling them to their enlisted merchant on behalf of the investors.
8) Risk Factor
According to our calculations, although there is a 5% risk factor, Grow Up's Purchase Experts department, nurturing and raising team,Vaterinary doctor and excellent marketing team are equipped to manage these risks as previously outlined. Furthermore, in response to investor requests, we also offer an insurance policy as an additional assurance measure.
9) Payment Delay
Grow Up has conducted an in-house analysis of the projected returns of the business and expects to be able to repay on time, barring any unforeseen risk factors.
10) Security
Grow Up provides the following documents to investors:
- Contract Deed (300 tk Stamp)
- Security cheque
- Money Receipt
- Guarantor
- Copy of Authorized deed
Project About
Introduction
The Qurbani cow holds special significance within the Islamic community, specifically during the annual celebration of Eid al-Adha. This festival commemorates the willingness of Prophet Ibrahim (Abraham) to sacrifice his son as an act of obedience to Allah. To symbolize this, Muslims perform the practice of Qurbani, which involves sacrificing an animal, typically a cow, goat, sheep, or camel. In this article, we will delve into the importance of the Qurbani cow, the rituals associated with it, and considerations for those wishing to participate in this sacred tradition.
Importance of the Qurbani Cow
Symbol of Faith: The Qurbani cow represents a deep commitment to faith and obedience to Allah’s commands. Sacrificing a cow shows devotion and gratitude for the blessings bestowed upon an individual.
Community Sharing: The meat from the sacrificed cow is distributed among relatives, friends, and those in need. This act of giving reinforces community ties and emphasizes social responsibility, ensuring that less fortunate members of society are cared for during the festival.
Cultural Tradition: In many cultures, the Qurbani cow is considered a vital tradition. Families often gather to participate in the sacrificial rites together, fostering a sense of unity and family bonding.
Economic Aspect: The practice also has an economic dimension. Raising cows and participating in Qurbani contributes to local and national economies, as it generates income for farmers and others involved in the livestock industry.
Choosing a Qurbani Cow
When selecting a cow for Qurbani, there are several important factors to consider:
Age and Quality: The cow must be at least two years old and must meet certain health standards. It should be free from any physical defects or illnesses.
Type of Animal: While cows are a popular choice for Qurbani, goats and sheep are also commonly sacrificed. Families often choose based on size, cultural preferences, and availability.
Intention: The intention (niyyah) of sacrifice is crucial. Muslims must do Qurbani with a sincere heart and consciousness of their faith.
Compliance with Islamic Guidelines: It is essential that the sacrifice adheres to the Islamic method of slaughtering known as dhabiha, ensuring that the animal is treated humanely and respectfully.
The Act of Qurbani
The act of Qurbani is performed after the Eid al-Adha prayers. Following the prayers, the sacrifice must be conducted by a Muslim with the proper knowledge of Islamic principles. The meat is then divided into three parts: one-third for the family, one-third for friends and neighbors, and one-third for the needy. This practice emphasizes the spirit of sharing and compassion central to the festival.
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