{
  "riskGrade": "B",
  "fundRaised": 943704,
  "highlights": [
    "https://youtu.be/RFj5sOwPk2s",
    "https://byiocdn.sgp1.cdn.digitaloceanspaces.com/Cosmic_Bags/Cosmic_Bags_1.webp",
    "https://byiocdn.sgp1.cdn.digitaloceanspaces.com/Cosmic_Bags/Cosmic_Bags_2.jpg",
    "https://byiocdn.sgp1.cdn.digitaloceanspaces.com/Cosmic_Bags/Cosmic_Bags_3.jpg",
    "https://byiocdn.sgp1.cdn.digitaloceanspaces.com/Cosmic_Bags/Cosmic_Bags_4.jpg",
    "https://byiocdn.sgp1.cdn.digitaloceanspaces.com/Cosmic_Bags/Cosmic_Bags_5.jpg",
    "https://byiocdn.sgp1.cdn.digitaloceanspaces.com/Cosmic_Bags/Cosmic_Bags_6.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",
    "https://byiocdn.sgp1.cdn.digitaloceanspaces.com/public_web/contract_type_intro/Murabaha/12.jpg"
  ],
  "shortIntro": "Importer of affordable, uniquely designed and quality bags in Bangladesh",
  "riskDetails": [
    {
      "text": "Supply Chain Disruptions: Delays or issues with Chinese suppliers or shipping can impact product availability. 📌Cosmic Bags’ strategy: Maintain relationships with multiple suppliers and backup logistics partners; keep buffer stock of best-selling items to avoid stockouts. Customer Satisfaction & Retention: Poor customer satisfaction from issues like product quality or delivery delays can lead to lost customers and reduced loyalty. 📌Cosmic Bags’ strategy: Offering in-person support and product demos at the offline store builds trust, improves customer experience, and encourages repeat business. Competition from Local & Global Brands: Other brands may offer similar products at competitive prices. 📌Cosmic Bags’ strategy: Focus on quality, direct sourcing advantages, and customer service; build brand loyalty through marketing and engagement. Logistics & Delivery Challenges: Delays in last-mile delivery can hurt customer satisfaction. 📌Cosmic Bags’ strategy: Partner with reliable delivery services, optimize fulfillment, and apply the founder’s 11+ years of e-commerce experience to ensure smooth logistics and timely delivery.",
      "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, unless one of the risk factors comes into play.",
      "type": "Payment Delay"
    },
    {
      "text": "biniyog.io will buy the products on behalf of investors first and secure ownership. Cosmic Bags will act as a buying agent for purchasing necessary items. The products will then be handed over to Cosmic Bags within a very short time frame.Cosmic Bags would have the right to reject the products due to quality etc. The risk is expected to be minimal since Cosmic Bags themselves will be choosing the items before biniyog.io buys them. This is a necessary risk to ensure Shariah compliance of the transaction.",
      "type": "Possession of assets"
    },
    {
      "text": "Cosmic Bags will share a security cheque with biniyog.io. Moreover, two guarantors will be introduced along with security cheques in the contract to add an extra layer of security for the investors.",
      "type": "Security"
    }
  ],
  "businessName": "Cosmic Bags",
  "contractType": "MURABAHA",
  "projectFocus": "Leather & Accessories",
  "fundingTarget": 1100000,
  "fundProcessing": 126295,
  "projectedROIMax": 19,
  "projectedROIMin": 19,
  "ownerDetailsText": "Written by Business I’m Sarder Nafish, Co-founder of Cosmic Corporation. I studied Apparel Manufacturing & Technology (AMT) at BUFT and spent 2 years in the RMG sector, followed by 9 years in Bangladesh’s leading e-commerce and supply chain companies including Daraz, Evaly, Aleshamart, and ShopUp. With a deep understanding of sourcing, logistics, and digital retail, my vision is to build a smooth and scalable supply chain for bags, toys, and accessories—first dominating the local market and eventually exporting globally.",
  "maximumInvestment": 600000,
  "minimumInvestment": 5000,
  "campaignRepayments": [
    {
      "status": "SCHEDULED",
      "expectedDate": "2027-05-02T11:30:00.000Z",
      "instalmentNumber": 1,
      "minExpectedAmount": 235000
    },
    {
      "status": "SCHEDULED",
      "expectedDate": "2027-06-01T11:30:00.000Z",
      "instalmentNumber": 2,
      "minExpectedAmount": 235000
    },
    {
      "status": "SCHEDULED",
      "expectedDate": "2027-07-02T11:30:00.000Z",
      "instalmentNumber": 3,
      "minExpectedAmount": 470000
    },
    {
      "status": "SCHEDULED",
      "expectedDate": "2027-08-01T11:30:00.000Z",
      "instalmentNumber": 4,
      "minExpectedAmount": 470000
    },
    {
      "status": "SCHEDULED",
      "expectedDate": "2027-09-01T11:30:00.000Z",
      "instalmentNumber": 5,
      "minExpectedAmount": 470000
    },
    {
      "status": "SCHEDULED",
      "expectedDate": "2027-10-02T11:30:00.000Z",
      "instalmentNumber": 6,
      "minExpectedAmount": 470000
    }
  ],
  "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 an advanced buy-and-sell (Bai’ Muajjal) agreement. Approval from Scholars biniyog.io‘s Shariah advisors have approved the basis and application of this Bai’ Muajjal contract.",
  "businessDetailsText": "Value Propositions Direct sourcing ensures competitive pricing and consistent quality. 11+ years of founder-led e-commerce and supply chain experience drive efficient operations. Strong digital presence. Affordable, and well-designed imports are resonating with local customers. Introduction to the Business Written by Business Cosmic Bags was established in 2019, inspired by the untapped potential of Chinese products in the Bangladeshi market. After identifying a growing demand for affordable yet high-quality fashion and utility bags, Cosmic Bags began importing directly from Chinese suppliers and selling through retail outlets in Dhaka. In 2023, the product range was expanded to include toys, creating a combined offering that appeals to a wider customer base. This strategic move has proven successful, showing strong customer response and increasing average order value. Cosmic Bags maintains direct relationships with trusted Chinese suppliers, while handling payments and logistics through China Wholesale, a sourcing and shipping agency based in China. This model allows the brand to offer competitive pricing, maintain quality control, and ensure timely delivery. Business is now seeking funds to increase inventory which strengthen existing retail presence focused on bags. There was a slight delay in the repayment of the first campaign as the business faced an unexpected setback when a significant quantity of its products was damaged in the cargo fire incident last year. This resulted in a considerable impact on the business’s working capital management and temporarily affected its repayment capacity. Office Address: Romjannesa Super Market, 3rd Floor, Mirpur 12, Dhaka 1216. Explore: Website | Facebook FAQ: 💡 Is the business Shariah-compliant? The business model (selling bags) 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' Muajjal (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 up to 12 months, from September 2026 to September 2027. Projected ROI (Return on Investment) Projected Return on Investment (ROI): 17.5% (annualized) biniyog.io will charge a 1.2605% success fee on the repayment amount Example:If an investor invests BDT 100,000, is expected to make a profit of BDT 19,000 in 12 months; biniyog.io will charge a 1.2605% on the repayment amount meaning BDT 1500 will be deducted as the success fee. This means investors will be keeping BDT 17,500 as net profit. The net ROI for the investors will be 17.5% over 12 months after deducting biniyog.io’s success fee. Contract Condition Investors will go into a Bai' Muajjal agreement (sale contract) with Cosmic Bags to purchase bags and accessories products (toys, shariah compliant learning materials) which are shariah compliant. It will be a “buy-and-sell” process where investors will first buy products through biniyog.io. Cosmic Bags will then buy those items from investors on credit and pay the amount over 12 months. biniyog.io will act as an agent for the investors and buy the product, take necessary ownership and risk of asset possession on their behalf, and then sell to Cosmic Bags. biniyog.io has proposed a price to Cosmic Bags for the products after considering a minimum 19% profit on the actual cost of product procurement. Cosmic Bags has agreed to it. Investors will be getting a net of 17.5% profit after deducting biniyog.io’s success fee. Investors can expect to get their returns in the following installments. 🗓️ 20% by July’ 2027 🗓️ 80% by October’ 2027 বিনিয়োগের সময়কাল এই বিনিয়োগটি সেপ্টেম্বর ২০২৬ থেকে সেপ্টেম্বর ২০২৭ পর্যন্ত, সর্বোচ্চ ১২ মাসের জন্য করা হয়েছে। প্রত্যাশিত ROI (বিনিয়োগের উপর রিটার্ন) বিনিয়োগে প্রত্যাশিত আয় (ROI): ১৭.৫% (বার্ষিক) biniyog.io পরিশোধিত অর্থের উপর ১.২৬০৫% সফলতা ফি ধার্য করবে। উদাহরণ: যদি কোনো বিনিয়োগকারী ১,০০,০০০ টাকা বিনিয়োগ করেন এবং ১২ মাসে ১৯,০০০ টাকা লাভ করার প্রত্যাশা করেন; তাহলে biniyog.io পরিশোধিত অর্থের উপর ১.২৬০৫% হারে সুদ ধার্য করবে, অর্থাৎ সফলতার ফি হিসাবে ১,৫০০ টাকা কেটে নেওয়া হবে। এর মানে হলো, বিনিয়োগকারীরা নীট লাভ হিসাবে ১৭,৫০০ টাকা রাখতে পারবেন। biniyog.io-এর সফলতার ফি বাদ দেওয়ার পর, ১২ মাসে বিনিয়োগকারীদের নীট বিনিয়োগের উপর আয় (ROI) হবে ১৭.৫%। চুক্তির শর্ত বিনিয়োগকারীরা কসমিক ব্যাগস-এর সাথে শরিয়াহসম্মত ব্যাগ এবং আনুষঙ্গিক পণ্য (খেলনা, শরিয়াহসম্মত শিক্ষামূলক উপকরণ) ক্রয় করার জন্য একটি বাই' মুয়াজ্জাল চুক্তিতে (বিক্রয় চুক্তি) আবদ্ধ হবেন। এটি একটি \"ক্রয়-বিক্রয়\" প্রক্রিয়া হবে, যেখানে বিনিয়োগকারীরা প্রথমে biniyog.io-এর মাধ্যমে পণ্য কিনবেন। এরপর কসমিক ব্যাগস বিনিয়োগকারীদের কাছ থেকে বাকিতে সেই পণ্যগুলো কিনবে এবং ১২ মাসের মধ্যে মূল্য পরিশোধ করবে। biniyog.io বিনিয়োগকারীদের এজেন্ট হিসেবে কাজ করবে এবং পণ্যটি ক্রয় করে তাদের পক্ষ থেকে সম্পদের প্রয়োজনীয় মালিকানা ও দখলের ঝুঁকি গ্রহণ করবে, এবং তারপর Cosmic Bags-এর কাছে তা বিক্রি করে দেবে। biniyog.io পণ্য সংগ্রহের প্রকৃত খরচের উপর ন্যূনতম ১৯% মুনাফা বিবেচনা করে Cosmic Bags-কে পণ্যগুলোর জন্য একটি মূল্য প্রস্তাব করেছে। Cosmic Bags এতে সম্মত হয়েছে। biniyog.io-এর সাকসেস ফি বাদ দেওয়ার পর বিনিয়োগকারীরা নিট ১৭.৫% মুনাফা পাবেন। বিনিয়োগকারীরা নিম্নলিখিত কিস্তিতে তাদের রিটার্ন পেতে পারেন। ২০২৭ সালের জুলাইয়ের মধ্যে ২০% ২০২৭ সালের অক্টোবরের মধ্যে ৮০%",
  "fundUtilizationScope": {
    "bn": "চামড়া ও আনুষঙ্গিক সামগ্রী",
    "en": "Leather & Accessories Items"
  },
  "protectionPoolChargeFee": [
    {
      "startingFrom": 4400,
      "protectionPoolFeeRate": 1
    },
    {
      "startingFrom": 100000,
      "protectionPoolFeeRate": 1.5
    }
  ],
  "previousRepaymentHistorySummary": "There was a slight delay in the repayment of the first campaign as the business faced an unexpected setback when a significant quantity of its products was damaged in the cargo fire incident last year. This resulted in a considerable impact on the business’s working capital management and temporarily affected its repayment capacity"
}