{
  "riskGrade": "B+",
  "fundRaised": 2569263,
  "highlights": [
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    "https://byiocdn.sgp1.cdn.digitaloceanspaces.com/public_web/contract_type_intro/Murabaha/2.jpg",
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  ],
  "shortIntro": "Strong presence in top retailers like Unimart, Aarong, Daraz, and Rokomari.",
  "riskDetails": [
    {
      "text": "Market Competition: As the education sector continues to evolve, new competitors could emerge, offering similar blended learning solutions, which may impact market share. 📌Light of Hope’s strategy: The business continues to innovate and develop unique products that differentiate from competitors. This also involves enhancing the quality, content, or features of both physical products and services. Dependence on Key Retail Partners and credit sales: Relying heavily on specific retail partners, like Meena Bazar, Infinity, Aarong or Rokomari, could be risky if these partnerships dissolve or if the partners face their own challenges, which could impact product distribution. Moreover, the business has to make credit sales to many of the retail partners which triggers a receivable collection challenge and risk. 📌Light of Hope’s strategy: The business establishes multiple sales channels; super shops, stationary stores, own online website, own sales team for B2B and online sales partners. Light of Hope negotiates agreements with multiple retail partners across different regions or sectors with different credit sales terms and conditions. Having a diverse set of partners can mitigate the impact of losing any single retailer. Quality Control Issues: Expanding rapidly could strain quality control processes, leading to potential inconsistencies in product quality or service delivery, which could harm the brand’s reputation. 📌Light of Hope’s strategy strategy: The business works closely with dedicated team members with suppliers and manufacturers to ensure the company's quality standard product and on time delivery. And also the business has an experienced content team for book publication. Risk of being a non-essential good: The target customer base are consumer class having disposable income. If the economy is impacted by extreme high inflation or stagnation, the target customer group may reduce their spending in such non-essential products. 📌Light of Hope’s strategy strategy: The business works closely with dedicated team members with suppliers and manufacturers to ensure the company's quality standard product and on time delivery. And also the business has an experienced content team for book publication. Dependence on Digital Marketing: Heavy reliance on digital marketing channels could be risky if there are changes in algorithms or policies on social media platforms that impact visibility and reach. 📌Light of Hope’s strategy strategy: The business has marketing channels beyond digital, such as traditional media; TV, events, and direct mail. Additionally, the business runs different types of marketing outreach such as postering school vans, sponsorships, blogs and others which also leads offline organic growth and brand positioning. As a strong brand in the same ecosystem (Kids Time, Teachers Time) , business attracts customers through word-of-mouth.",
      "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. Light of Hope will act as a buying agent for purchasing necessary items. The products will then be handed over to Light of Hope within a very short time frame. Light of Hope would have the right to reject the products due to quality etc. The risk is expected to be minimal since Light of Hope 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": "Light of Hope will share a security cheque with biniyog.io. Moreover, multiple guarantors will be introduced in the contract to add an extra layer of security for the investors.",
      "type": "Security"
    }
  ],
  "businessName": "Light of Hope",
  "contractType": "MURABAHA",
  "projectFocus": "Education",
  "fundingTarget": 3000000,
  "fundProcessing": 119500,
  "projectedROIMax": 11.6667,
  "projectedROIMin": 11.6667,
  "ownerDetailsText": "Written by the business Waliullah Bhuiyan, BSc, EEE (IUT), MSc (Germany). Co-founded 2 companies and several brands since 2017. Total 13+ years working experience. He worked in BRAC; managed development projects. Light of Hope and its directors have won several international awards and grants. Arif Md. Waliullah Bhuiyan has been awarded as Best SME Entrepreneur of The Year 2023 by SME Foundation. Light of Hope won Dell Innovation Challenge, Biniyog Briddhi Impact Matching Fund. Mir Mohammad Nazmul Arefin and Zillul Karim have won the National ICT Award 2022 and Call for Nation Award in 2020.",
  "maximumInvestment": 1500000,
  "minimumInvestment": 5000,
  "campaignRepayments": [
    {
      "status": "SCHEDULED",
      "expectedDate": "2027-01-14T11:30:00.000Z",
      "instalmentNumber": 1,
      "minExpectedAmount": 301500
    },
    {
      "status": "SCHEDULED",
      "expectedDate": "2027-02-14T11:30:00.000Z",
      "instalmentNumber": 2,
      "minExpectedAmount": 603000
    },
    {
      "status": "SCHEDULED",
      "expectedDate": "2027-03-14T11:30:00.000Z",
      "instalmentNumber": 3,
      "minExpectedAmount": 603000
    },
    {
      "status": "SCHEDULED",
      "expectedDate": "2027-04-14T11:30:00.000Z",
      "instalmentNumber": 4,
      "minExpectedAmount": 603000
    },
    {
      "status": "SCHEDULED",
      "expectedDate": "2027-05-14T11:30:00.000Z",
      "instalmentNumber": 5,
      "minExpectedAmount": 603000
    },
    {
      "status": "SCHEDULED",
      "expectedDate": "2027-06-14T11:30:00.000Z",
      "instalmentNumber": 6,
      "minExpectedAmount": 636500
    }
  ],
  "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 “buy-and-sell” (Murabaha/ Muajjal) agreement. Approval from Scholars biniyog.io's Shariah Advisors have approved the basis and application of this Murabaha/ Muajjal contract.",
  "businessDetailsText": "Value Propositions Presence in top retail chains such as Unimart and Aarong and also in online platforms such as Daraz and Rokomari. Complementing National Educational Strategies. Offering diversifying products including books, toys, stationary. Fast-mover in the blended education sector with 7-years of experience. Introduction to the Business Written by the business Light of Hope Ltd. is an education company developing a learning ecosystem for Children through a range of products and services. The vision of the company is to prepare children for the future world. Through the use of technology and traditional learning material, Light of Hope has already developed a blended learning ecosystem and delivers its products, courses and services. By developing international standard products and courses, the company aims to expand its business globally. Light of Hope was established in 2017 with a dream of spreading the light of moral and creative education to every child in Bangladesh. The founders are friends from their university life, and share the same values. After completing their higher studies abroad, they came back to Bangladesh and started Light of Hope. The company has been working on developing moral codes and nurturing creative skills with books, learning products and courses. Light of Hope operates and bridges the link between children and their adult caregivers through their three wings – Kids Time, Goofi and Teachers Time.\" This is the business’s third funding round on Biniyog.io, having fully repaid its previous 2 campaigns, with a 6 days delay in one of the two installments in the first campaign. Media Coverage Address: House: 67/A (Rezina Garden), Road: 9/A, Dhanmondi, Dhaka, Bangladesh. Explore: Website|Linkedin |Facebook |YouTube FAQ: 💡 Is the business Shariah-compliant? The business model (selling books, toys and after school programs) 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/ 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 8 months, expected from October 2026 to the third week of June 2027. Projected ROI (Return on Investment) Projected Return on Investment (ROI): 11.67% Annualized projected Return on Investment: 17.5% Example: If an investor invests BDT 100,000, he/she can expect to make a profit of BDT 11,667 over the mentioned period; biniyog.io will charge a 0.30% success fee on the repayment amount meaning BDT 333 will be deducted as the success fee. This means investors will be keeping BDT 11,667 as net profit. The net ROI for the investors will be 11.67% over the mentioned period (17.5% annualized) after deducting biniyog.io’s success fee. Contract Condition Investors will go into a Murabaha/ Muajjal agreement (sale contract) with Light of Hope Ltd. to purchase raw materials (papers) to produce books which are shariah compliant. It will be a “buy-and-sell” process where investors will first buy products through biniyog.io. Light of Hope will then buy those items from investors on credit and pay the amount within the mentioned duration. 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 Light of Hope Ltd. biniyog.io has proposed a price to Light of Hope for the products after considering a minimum 18% profit on the actual cost of product procurement. Light of Hope Ltd. has agreed to it. Investors will be getting a net of 17.5% profit after deducting biniyog.io’s service charge on investor profit. Investors can expect to get their returns over the mentioned period in two installments: 🗓️ 27% in early April 2027 🗓️ 73% by mid of Jun 2027 বিনিয়োগের সময়কাল এই বিনিয়োগটি সর্বোচ্চ ৮ মাসের জন্য, যা অক্টোবর ২০২৬ থেকে জুন ২০২৭-এর তৃতীয় সপ্তাহ পর্যন্ত চলবে বলে আশা করা হচ্ছে। প্রত্যাশিত ROI (বিনিয়োগের উপর রিটার্ন) বিনিয়োগের উপর প্রত্যাশিত আয় (ROI): ১১.৬৭% বার্ষিক প্রত্যাশিত বিনিয়োগ রিটার্ন: ১৭.৫% উদাহরণ: যদি কোনো বিনিয়োগকারী ১,০০,০০০ টাকা বিনিয়োগ করেন, তবে তিনি উল্লিখিত সময়কালে ১১,৬৬৭ টাকা লাভ করার আশা করতে পারেন; biniyog.io পরিশোধিত অর্থের উপর ০.৩০% সাকসেস ফি ধার্য করবে, অর্থাৎ সাকসেস ফি হিসাবে ৩৩৩ টাকা কেটে নেওয়া হবে। এর মানে হলো, বিনিয়োগকারীরা নিট লাভ হিসাবে ১১,৬৬৭ টাকা রাখবেন। biniyog.io-এর সাকসেস ফি বাদ দেওয়ার পর, উল্লিখিত সময়কালে বিনিয়োগকারীদের জন্য নিট ROI হবে ১১.৬৭% (বার্ষিক ১৭.৫%)। চুক্তির শর্ত বিনিয়োগকারীরা শরিয়াহসম্মত বই উৎপাদনের জন্য কাঁচামাল (কাগজ) ক্রয় করতে লাইট অফ হোপ লিমিটেডের সাথে একটি মুরাবাহা/মুয়াজ্জাল (বিক্রয় চুক্তি) করবেন। এটি একটি \"ক্রয়-বিক্রয়\" প্রক্রিয়া হবে, যেখানে বিনিয়োগকারীরা প্রথমে biniyog.io-এর মাধ্যমে পণ্য কিনবেন। এরপর Light of Hope বিনিয়োগকারীদের কাছ থেকে বাকিতে সেই পণ্যগুলো কিনবে এবং উল্লিখিত সময়সীমার মধ্যে মূল্য পরিশোধ করবে। biniyog.io বিনিয়োগকারীদের এজেন্ট হিসেবে কাজ করবে এবং তাদের পক্ষ থেকে পণ্যটি ক্রয় করে, সম্পদের প্রয়োজনীয় মালিকানা ও দখলের ঝুঁকি গ্রহণ করবে এবং তারপর Light of Hope Ltd.-এর কাছে তা বিক্রি করে দেবে। biniyog.io পণ্য সংগ্রহের প্রকৃত খরচের উপর ন্যূনতম ১৮% মুনাফা বিবেচনা করে Light of Hope-কে পণ্যগুলির জন্য একটি মূল্য প্রস্তাব করেছে। Light of Hope Ltd. এতে সম্মত হয়েছে। বিনিয়োগকারীদের লাভের উপর biniyog.io-এর পরিষেবা চার্জ বাদ দেওয়ার পর বিনিয়োগকারীরা মোট ১৭.৫% লাভ পাবেন। বিনিয়োগকারীরা উল্লিখিত সময়কালে দুটি কিস্তিতে তাদের রিটার্ন পেতে পারেন: 🗓️ ২০২৭ সালের এপ্রিলের শুরুতে ২৭% ২০২৭ সালের জুন মাসের মাঝামাঝি নাগাদ ৭৩%",
  "fundUtilizationScope": {
    "bn": "কাগজ",
    "en": "Paper"
  },
  "protectionPoolChargeFee": [
    {
      "startingFrom": 4400,
      "protectionPoolFeeRate": 1
    },
    {
      "startingFrom": 100000,
      "protectionPoolFeeRate": 1.5
    }
  ],
  "previousRepaymentHistorySummary": "This is the business’s third funding round on Biniyog.io, having fully repaid its previous 2 campaigns, with one delay of 6 days in one of the two installments of the first campaign. The other 3 repayments were completed on time."
}