{
  "riskGrade": "B+",
  "fundRaised": 1156846,
  "highlights": [
    "https://byiocdn.sgp1.cdn.digitaloceanspaces.com/ArmadeA/Armadea_1.jpg",
    "https://byiocdn.sgp1.cdn.digitaloceanspaces.com/ArmadeA/Armadea_2.jpg",
    "https://byiocdn.sgp1.cdn.digitaloceanspaces.com/ArmadeA/Armadea_3.png",
    "https://byiocdn.sgp1.cdn.digitaloceanspaces.com/ArmadeA/Copy_of_Factory-3.png",
    "https://byiocdn.sgp1.cdn.digitaloceanspaces.com/ArmadeA/Copy_of_472260775_8946563422087693_5458038960053470284_n.jpg",
    "https://byiocdn.sgp1.cdn.digitaloceanspaces.com/ArmadeA/Copy_of_495568337_9732955976781763_6013560173286570789_n.jpg",
    "https://byiocdn.sgp1.cdn.digitaloceanspaces.com/ArmadeA/Copy_of_Armadea_Showroom-3.png",
    "https://byiocdn.sgp1.cdn.digitaloceanspaces.com/ArmadeA/Copy_of_Armadea_Showroom-4.png",
    "https://byiocdn.sgp1.cdn.digitaloceanspaces.com/ArmadeA/Copy_of_Armadea_Showroom-7.jpg",
    "https://byiocdn.sgp1.cdn.digitaloceanspaces.com/ArmadeA/Copy_of_Mela-1.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": "Serving B2C and B2B customers through 2 showrooms, online sales and own factory",
  "riskDetails": [
    {
      "text": "Supply Chain Disruptions: Disruptions in the supply of raw materials, especially sustainable and ethically sourced leather, could lead to production delays or higher costs. 📌ArmadeA’s strategy: Diversify suppliers to ensure multiple sources for raw materials. Establish long-term contracts with key suppliers and maintain an inventory buffer to mitigate short-term disruptions. Economic Downturn: A downturn in the economy could lead to reduced consumer spending on leather products, affecting sales. 📌ArmadeA’s strategy: Diversifying the product range to include essential and affordable leather items, making the brand resilient to economic fluctuations. Moreover, the business targets to serve a price-inelastic customer segment to maintain a minimum bar of sales. Market Competition:Increasing competition from both local and international leather goods manufacturers could erode market share and profit margins. 📌ArmadeA’s strategy: Focus on product differentiation through sustainability, quality, and design innovation. Strengthen the brand's reputation by highlighting awards, ethical practices and customer testimonials. Talent Retention and Workforce Skill Gaps: As ArmadeA scales up, it may face challenges in retaining skilled artisans and workers, or struggle to find employees with the right skills for growth. 📌ArmadeA’s strategy: Develop an employee retention program that includes competitive wages, accommodation facilities, advance payment especially for factory workers. They also hire freelance workers by giving competitive wages from the market when production demand is high. Macroeconomic Risk: Global energy crisis is impacting the macroeconomy in Bangladesh and affecting energy prices and inflation. This can negatively impact any business and delay their repayment.",
      "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. The products will then be handed over to ArmadeA within a very short time frame. ArmadeA would have the right to reject the products due to quality etc. The risk is expected to be minimal since ArmadeA 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": "ArmadeA will share installment cheques with biniyog.io. A guarantee security cheque will also be kept from the business owner. Additionally, the business will introduce a guarantor in the contract for adding an extra layer of security.",
      "type": "Security"
    }
  ],
  "businessName": "ArmadeA",
  "contractType": "MURABAHA",
  "projectFocus": "Leather and Accessories",
  "fundingTarget": 2000000,
  "fundProcessing": 98000,
  "projectedROIMax": 18,
  "projectedROIMin": 18,
  "ownerDetailsText": "Written by Business I am Alauddin Sohel, a mechanical engineer and entrepreneur since 2017. I served as the Chairman of the Manufacturing Standing Committee at E-Cab for 2023-24. My business network connects me to potential customers, suppliers, investors, and a supportive community of fellow entrepreneurs. As the owner of ArmadeA, I am also working on expanding the brand into international markets. Since the company's inception, my future vision has been to open showrooms in all divisional and district cities across Bangladesh. My long-term goal is to export our products globally, increasing both demand and the quality of Bangladesh’s leather goods.",
  "maximumInvestment": 1000000,
  "minimumInvestment": 5000,
  "campaignRepayments": [
    {
      "status": "SCHEDULED",
      "expectedDate": "2027-04-23T11:30:00.000Z",
      "instalmentNumber": 1,
      "minExpectedAmount": 472000
    },
    {
      "status": "SCHEDULED",
      "expectedDate": "2027-05-23T11:30:00.000Z",
      "instalmentNumber": 2,
      "minExpectedAmount": 236000
    },
    {
      "status": "SCHEDULED",
      "expectedDate": "2027-06-23T11:30:00.000Z",
      "instalmentNumber": 3,
      "minExpectedAmount": 472000
    },
    {
      "status": "SCHEDULED",
      "expectedDate": "2027-07-23T11:30:00.000Z",
      "instalmentNumber": 4,
      "minExpectedAmount": 236000
    },
    {
      "status": "SCHEDULED",
      "expectedDate": "2027-08-23T11:30:00.000Z",
      "instalmentNumber": 5,
      "minExpectedAmount": 236000
    },
    {
      "status": "SCHEDULED",
      "expectedDate": "2027-09-23T11:30:00.000Z",
      "instalmentNumber": 6,
      "minExpectedAmount": 236000
    },
    {
      "status": "SCHEDULED",
      "expectedDate": "2027-10-23T11:30:00.000Z",
      "instalmentNumber": 7,
      "minExpectedAmount": 472000
    }
  ],
  "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 (Murabaha/Bai'Muajjal) agreement. Approval from Scholars biniyog.io‘s Shariah advisors have approved the basis and application of this Murabaha/Bai'Muajjal contract.",
  "businessDetailsText": "Value Propositions Committing to use environmentally friendly leather and ethically sourced materials. Crafting with attention to details by experts ensuring durability and elegance. Reaching customers through multiple channels direct retail, wholesale, and e-commerce. Being run by experienced leadership with business experience at global level. Sourcing raw materials instead of finished leather maintaining product quality. Introduction to the Business Written by Business ArmadeA is a sustainable leather goods manufacturer committed to using ethically sourced materials. Since 2019, I have been selling leather items, initially sourcing products from various suppliers. In 2021, with the support of my architect wife, I established a leather bag factory with just one artisan and two machines. Since then, we have steadily grown. Now we have 40 employees. Our sales system has developed through both direct retail and wholesale, with a strong presence on e-commerce platforms. In addition to manufacturing, we are also exporters and continuously work on technology advancements to improve the leather industry. We’ve earned recognition, including the \"Best Stall Award\" at the 11th National SME Fair and the BYEAH Award. With corporate offices, outlets, and display centers, we are expanding our reach both domestically and internationally, aiming to contribute to foreign exchange through exports. We are now seeking investment to purchase raw materials instead of finished leather. This shift will not only allow ArmadeA to create higher-quality products but also significantly increase profit margins, driving further growth and innovation. Business has completed 100% repayment of the first campaign and around 70% repayment of the second campaign and is expected to pay the rest on time. Showroom Address: House No. 09, Road No. 07, Block A, Section 10, Mirpur, Dhaka. Factory Address: Hemayetpur, Padmar Mor, Rupayan Housing. Explore: Website | Facebook Media Coverage: Ittefaq independent24.tv FAQ: 💡 Is the business Shariah-compliant? The business model (selling leather products) 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/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, expected from October 2026 to October 2027. Projected ROI (Return on Investment) Projected Return on Investment (ROI): 18% (annualized) biniyog will charge a 1.6667% success fee on the repayment amount. Example:If an investor invests BDT 100,000, is expected to make a profit of BDT 20,000 in the mentioned duration; biniyog.io will charge a 1.6667% success fee on the repayment amount meaning BDT 2,000 will be deducted as the success fee. This means investors will be keeping BDT 18,000 as net profit. The net ROI of the investors will be 18% after deducting biniyog.io’s success fee. Contract Condition Investors will go into a Murabaha/Bai'Muajjalh agreement (sale contract) with ArmadeA to purchase leather raw materials, goods and accessories which are shariah compliant. It will be a “buy-and-sell” process where investors will first buy products through biniyog.io. ArmadeA will then buy those items from investors on credit and pay the amount over the mentioned period. 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 ArmadeA. biniyog.io has proposed a price to ArmadeA for the products after considering a minimum 20% profit on the actual cost of product procurement. ArmadeA has agreed to it. Investors will be getting a net of 18% profit after deducting biniyog.io’s success fee on investor profit. Investors can expect to get their returns in the following installments. 🗓️ 30% by July’ 2027 🗓️ 70% by October’ 2027 বিনিয়োগের সময়কাল এই বিনিয়োগটি সর্বোচ্চ ১২ মাসের জন্য, যা অক্টোবর ২০২৬ থেকে অক্টোবর ২০২৭ পর্যন্ত কার্যকর থাকবে বলে আশা করা হচ্ছে। প্রত্যাশিত ROI (বিনিয়োগের উপর রিটার্ন) বিনিয়োগে প্রত্যাশিত আয় (ROI): ১৮% (বার্ষিক) বিনিয়োগ পরিশোধিত অর্থের উপর ১.৬৬৬৭% সফলতা ফি ধার্য করবে। উদাহরণ: যদি কোনো বিনিয়োগকারী ১,০০,০০০ টাকা বিনিয়োগ করেন এবং উল্লিখিত সময়ের মধ্যে ২০,০০০ টাকা লাভ করার প্রত্যাশা করেন; তাহলে biniyog.io পরিশোধিত অর্থের উপর ১.৬৬৬৭% সাকসেস ফি ধার্য করবে, অর্থাৎ সাকসেস ফি হিসাবে ২,০০০ টাকা কেটে নেওয়া হবে। এর মানে হলো, বিনিয়োগকারীরা নীট লাভ হিসাবে ১৮,০০০ টাকা রাখবেন। biniyog.io-এর সাকসেস ফি বাদ দেওয়ার পর বিনিয়োগকারীদের নীট ROI হবে ১৮%। চুক্তির শর্ত বিনিয়োগকারীরা শরিয়াহসম্মত চামড়ার কাঁচামাল, পণ্য ও আনুষঙ্গিক সামগ্রী ক্রয় করার জন্য আরমাডেএ-এর সাথে একটি মুরাবাহা/বাই'মুয়াজ্জাহ চুক্তিতে (বিক্রয় চুক্তি) আবদ্ধ হবেন। এটি একটি \"ক্রয়-বিক্রয়\" প্রক্রিয়া হবে, যেখানে বিনিয়োগকারীরা প্রথমে biniyog.io-এর মাধ্যমে পণ্য ক্রয় করবেন। এরপর ArmadeA বিনিয়োগকারীদের কাছ থেকে বাকিতে সেই পণ্যগুলো কিনবে এবং উল্লিখিত সময়ের মধ্যে অর্থ 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 ArmadeA-এর কাছে তা বিক্রি করবে। biniyog.io পণ্য সংগ্রহের প্রকৃত খরচের উপর ন্যূনতম ২০% মুনাফা বিবেচনা করে ArmadeA-কে পণ্যগুলির জন্য একটি মূল্য প্রস্তাব করেছে। ArmadeA এতে সম্মত হয়েছে। বিনিয়োগকারীদের লাভের উপর biniyog.io-এর সাফল্য ফি বাদ দেওয়ার পর বিনিয়োগকারীরা ১৮% নিট লাভ পাবেন। বিনিয়োগকারীরা নিম্নলিখিত কিস্তিতে তাদের রিটার্ন পেতে পারেন। ২০২৭ সালের জুলাইয়ের মধ্যে ৩০% ২০২৭ সালের অক্টোবরের মধ্যে ৭০%",
  "fundUtilizationScope": {
    "bn": "চামড়া পণ্য কিনবে",
    "en": "purchase Leather Products"
  },
  "protectionPoolChargeFee": [
    {
      "startingFrom": 4400,
      "protectionPoolFeeRate": 1
    },
    {
      "startingFrom": 100000,
      "protectionPoolFeeRate": 1.5
    }
  ],
  "previousRepaymentHistorySummary": "Business has completed 100% repayment of the first campaign and around 70% repayment of the second campaign and is expected to pay the rest on time."
}