{
  "riskGrade": "B",
  "fundRaised": 2148012,
  "highlights": [
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    "https://byiocdn.sgp1.cdn.digitaloceanspaces.com/Ahlan_Agro/PXL_20220820_055035130.jpg",
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    "https://byiocdn.sgp1.cdn.digitaloceanspaces.com/Ahlan_Agro/IMG_0774.jpg",
    "https://byiocdn.sgp1.cdn.digitaloceanspaces.com/public_web/contract_type_intro/Murabaha/2.jpg",
    "https://byiocdn.sgp1.cdn.digitaloceanspaces.com/public_web/contract_type_intro/Murabaha/3.jpg",
    "https://byiocdn.sgp1.cdn.digitaloceanspaces.com/public_web/contract_type_intro/Murabaha/4.jpg",
    "https://byiocdn.sgp1.cdn.digitaloceanspaces.com/public_web/contract_type_intro/Murabaha/5.jpg",
    "https://byiocdn.sgp1.cdn.digitaloceanspaces.com/public_web/contract_type_intro/Murabaha/6.jpg",
    "https://byiocdn.sgp1.cdn.digitaloceanspaces.com/public_web/contract_type_intro/Murabaha/7.jpg",
    "https://byiocdn.sgp1.cdn.digitaloceanspaces.com/public_web/contract_type_intro/Murabaha/8.jpg",
    "https://byiocdn.sgp1.cdn.digitaloceanspaces.com/public_web/contract_type_intro/Murabaha/9.jpg",
    "https://byiocdn.sgp1.cdn.digitaloceanspaces.com/public_web/contract_type_intro/Murabaha/10.jpg",
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  ],
  "shortIntro": "Sold 300+ cows and 100+ goats during Eid-ul-Adha over the past 5 years.",
  "riskDetails": [
    {
      "text": "Death of an asset: Livestocks bear the risk of sudden death. In such cases, the business incurs a loss of capital. 📌Ahlan Agro’s Strategy: After purchase, the business gets the livestock checked by good vets. Having proper veterinary services available reduces the chance of death of livestocks significantly. The point to note here is that, once the cattle has been sold to the business, investors do not bear any liability for disease or death, and the business is liable to repay investors.</li> Not getting expected growth after rearing: There is a chance of not getting the expected level of growth after rearing the bulls for the targeted timeline. This may impact the profit margin of the business. 📌Ahlan Agro’s Strategy: The owner, Mr. Sagor Hasnath, has good experience in this line of business. He has over 5 years of experience of rearing and selling bulls. The business will be purchasing cattle with necessary filtering, therefore, ensuring the expected growth of the cattle can be achieved. High sourcing cost & OPEX driving down profit margin: The cattle market has become quite volatile nowadays due to some unexpected market practice. On top of it, the operational cost of operating a cattle farm is increasing day by day as well, mainly due to the current inflationary pressure in the economy. 📌Ahlan Agro’s Strategy: The business has a bag production business that helps to manage overhead costs. Moreover, the business has opened a restaurant named Beefwala adjacent to the cattle farm to attract and entertain more customers. Such different business wings have opened the business to a diversified stream of revenues and also enabled it to spread the operational cost.",
      "type": "Business Assessment"
    },
    {
      "text": "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 after assessing the business’s sales capacity. Moreover, biniyog.io will be collecting the repayment within a few working days after Eid-ul-adha. The business had delayed some repayments previously which has been considered during this campaign’s assessment and some preventive measures have been taken accordingly. This is considering that no extraordinary macroeconomic effect takes place like pandemic, war, extreme political unrest and lockdown, etc.",
      "type": "Payment Delay"
    },
    {
      "text": "biniyog.io will buy the products on behalf of investors first and secure ownership. Ahlan would have the right to reject the products due to quality etc. The risk is expected to be minimal since Ahlan will choose the items before biniyog.io buys them. This is a necessary risk to ensure Shariah compliance of the transaction.",
      "type": "Possession of assets"
    },
    {
      "text": "Ahlan Agro will share a personal guarantee security cheque with biniyog.io. Moreover, a guarantor/guarantors will be introduced in the contract to add an extra layer of security for the investors.",
      "type": "Security"
    }
  ],
  "businessName": "Ahlan Agro",
  "contractType": "MURABAHA",
  "projectFocus": "Agribusiness",
  "fundingTarget": 2500000,
  "fundProcessing": 132112,
  "projectedROIMax": 12,
  "projectedROIMin": 12,
  "ownerDetailsText": "Mr. Abul Hasnath (Sagor), owner of Ahlan Agro, started his own venture as a side-project in 2015, while working for an autonomous institution. He is the founder of Zosh Gear, Baggaging and Ahlan. He completed his BBA and MBA from IBA (Jahangirnagar University). Given his academic and family background, he always had a keen interest in business and this passion has led him to grow Ahlan over the years. Mr. Sagor wants to leave an impact with quality products and service in the food industry. He currently runs multiple businesses under Ahlan Corporation, which includes cattle, selling organic items through his shop, customized bags for B2B customers and a restaurant named Beefwala. He was invited to the 2 Cents Podcast. You can watch the podcast from here. He has also started his own podcast channel BizBro.",
  "maximumInvestment": 750000,
  "minimumInvestment": 5000,
  "campaignRepayments": [
    {
      "status": "SCHEDULED",
      "expectedDate": "2027-05-25T11:30:00.000Z",
      "instalmentNumber": 1,
      "minExpectedAmount": 2791667
    }
  ],
  "detailPageVerified": true,
  "shariahDetailsText": "Underlying Contracts 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 fixed return (Bai Murabaha) agreement. Approval from Scholars biniyog.io‘s Shariah advisors have approved the basis and application of this Murabahah contract",
  "businessDetailsText": "Value Propositions Established customer base (individuals and businesses) for restaurant (Beefwala), organic food, fresh meat, etc. Planned approach with clear sales plan during the Eid-ul-adha season. Owner with good market reputation & networking. Experience of selling 300+ cows and 100+ goats during Eid-ul-adha till now. Introduction to the Business Ahlan started their business with organic products and spices. Over the years, they have ventured into organic food items, restaurants (Beefwala) and cattle. Ahlan has two other wings; one named Baggaging and the other named Zosh Gear. Both of the businesses are mostly focused on B2B sales currently. The business is expanding into a butcher shop and a restaurant in Bosila main road. They are expecting to gain more customer footfall in these stores. In 2021, the business explored the Qurbani project by rearing around 19 cattle for 2 months prior to Eid and also renting out the shed to 100+ cattle. During the Eid-ul Adha 2022, they purchased 24 bulls using financing from biniyog.io, this time they reared the cattle for 4+ months. The business has managed to sell 300+ cows during the Qurbani season till now. Besides, they have set up a shed with a capacity to keep 110+ cows at a time. The business seeking fund for cows and goats for their regular sales demand. They are also expecting their current demand to increase notably due to the expansion into a butcher shop and a restaurant. Explore: Cattle Farm & Organic Food Shop | Restaurant Address: Ahlan Agro, Bosila Garden City, Hakkar Par, Bosila, Mohammadpur | Google Map Link FAQ: 💡 Is the business Shariah-compliant? The business model (selling cattle, organic food) 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 Bai’ 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.",
  "contractDetailsText": "Duration of Investment The investment is for a period of 8 months, from September 2026 to the end of May 2027. Projected ROI (Return on Investment) Projected ROI (for the duration of project): 11.67% Projected ROI (annualized): 17.5% Example: if someone invests BDT 100k in the project, he/she can expect to receive a total of BDT 112k in May 2027. Example: If an investor invests BDT 100k, is expected to make a profit of 12K in the mentioned duration; biniyog.io will charge a 0.3% success fee (this % may vary slightly due to changes in calculation) on the repayment amount meaning 0.33k will be deducted as the success fee. This means investors will be keeping 11.67k as net profit. The net ROI of the investors will be 11.67% after deducting biniyog.io’s success fee. Contract Condition Investors will go into a Murabaha agreement (sale contract) with Ahlan Agro It will be a “buy-and-sell”process where investors first buy the cows through biniyog.io, and Ahlan Agro will be buying cattle and cattle feed from investors at a markup price and pay the amount after the mentioned period. biniyog.io will act as an agent for the investors and buy the products and take necessary ownership and risk of asset possession on their behalf, and then sell to Ahlan Agro. biniyog.io has proposed that a markup price of 12% on actual cost will be charged to the business for against the products sold. Investors will be getting a net of 11.67% ROI in the mentioned period after deducting biniyog’s service charge on investor fee. Investors can expect to get their returns in the following structure: 🗓️100% by end of may 2027 বিনিয়োগের সময়কাল এই বিনিয়োগটি ৮ মাসের জন্য, অর্থাৎ সেপ্টেম্বর ২০২৬ থেকে মে ২০২৭-এর শেষ পর্যন্ত কার্যকর থাকবে। প্রত্যাশিত ROI (বিনিয়োগের উপর রিটার্ন) প্রত্যাশিত বিনিয়োগ ফেরত (প্রকল্পের সময়কালের জন্য): ১১.৬৭% প্রত্যাশিত বিনিয়োগ ফেরত (বার্ষিক): ১৭.৫% উদাহরণস্বরূপ: যদি কেউ প্রকল্পে ১ লক্ষ টাকা বিনিয়োগ করেন, তাহলে তিনি ২০২৭ সালের মে মাসে মোট ১ লক্ষ ১২ হাজার টাকা পাওয়ার আশা করতে পারেন। উদাহরণ: যদি কোনো বিনিয়োগকারী ১ লক্ষ টাকা বিনিয়োগ করেন এবং উল্লিখিত সময়কালে ১২ হাজার টাকা লাভ করার প্রত্যাশা করেন; তাহলে biniyog.io পরিশোধিত অর্থের উপর ০.৩% সাকসেস ফি চার্জ করবে (গণনার পরিবর্তনের কারণে এই শতাংশ সামান্য পরিবর্তিত হতে পারে), অর্থাৎ সাকসেস ফি হিসাবে ০.৩৩ হাজার টাকা কেটে নেওয়া হবে। এর মানে হলো, বিনিয়োগকারীরা নিট লাভ হিসাবে ১১.৬৭ হাজার টাকা রাখবেন। biniyog.io-এর সাকসেস ফি বাদ দেওয়ার পর বিনিয়োগকারীদের নিট ROI হবে ১১.৬৭%। চুক্তির শর্ত বিনিয়োগকারীরা আহলান এগ্রোর সাথে একটি মুরাবাহা চুক্তি (বিক্রয় চুক্তি) করবেন। এটি একটি \"ক্রয়-বিক্রয়\" প্রক্রিয়া হবে, যেখানে বিনিয়োগকারীরা প্রথমে biniyog.io-এর মাধ্যমে গরু কিনবেন এবং আহলান এগ্রো একটি বর্ধিত মূল্যে বিনিয়োগকারীদের কাছ থেকে গবাদি পশু ও পশুখাদ্য কিনে উল্লিখিত সময় শেষে অর্থ পরিশোধ করবে। biniyog.io বিনিয়োগকারীদের এজেন্ট হিসেবে কাজ করবে এবং তাদের পক্ষ থেকে পণ্যগুলো ক্রয় করে সম্পদের প্রয়োজনীয় মালিকানা ও দখলের ঝুঁকি গ্রহণ করবে, এবং তারপর আহলান এগ্রোর কাছে তা বিক্রি করবে। biniyog.io প্রস্তাব করেছে যে, বিক্রি হওয়া পণ্যগুলোর উপর প্রকৃত খরচের ১২% অতিরিক্ত মূল্য ধার্য করা হবে। বিনিয়োগকারী ফি-এর উপর biniyog-এর সার্ভিস চার্জ বাদ দেওয়ার পর, বিনিয়োগকারীরা উল্লিখিত সময়কালে মোট ১১.৬৭% রিটার্ন পাবেন। বিনিয়োগকারীরা নিম্নলিখিত কাঠামোতে তাদের রিটার্ন পাওয়ার আশা করতে পারেন: ২০২৭ সালের মে মাসের শেষ নাগাদ ১০০%",
  "fundUtilizationScope": {
    "bn": "গরু",
    "en": "Cows"
  },
  "protectionPoolChargeFee": [
    {
      "startingFrom": 4400,
      "protectionPoolFeeRate": 1
    },
    {
      "startingFrom": 100000,
      "protectionPoolFeeRate": 1.5
    }
  ],
  "previousRepaymentHistorySummary": "6 out of 9 repayments were completed on time. The delays were mostly caused due to operational challenges the faced by the business."
}