Maize Storage 3
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Maize Storage 3

BDT 35000/Shariah

Kurigram & Lalmonirhat


Estimated Earning

7 Months

5% to 10%



4 Shariahs/booking

0 Unit

Install App to Book Farm

 **maximum 4 Shariahs

 **remaining 90 Shariahs

Maize is one of the most important food grains in the world as well as in developing countries like Bangladesh. The Government of Bangladesh is introducing maize cultivation in winter and summer seasons, and we started to actively expand maize production from 1996. It is a fast growing crop and a high energy food having highly digestible carbohydrates for human nutrition, cholesterol free oil, moderate levels of protein and a good quantity of trace minerals. Maize could be a good source of protein, carbohydrate and lipids for the under - and malnourished population of Bangladesh. Animal feed in the country is severely deficient due to the lack of an organized feed industry and non availability of grazing land. Thus, maize plays an important role as animal feed and fodder fed as stover, green fodder or as silage. Maize is also an excellent poultry feed. Maize can be grown all year round in Bangladesh and can therefore be fitted in the gap between the main cropping seasons without affecting the major crops. 


It can be harvested as fodder within 50 days of planting, as green cobs within 60-80 days and as grain within 100-130 days of planting. This flexibility allows the crop to fit easily into the cropping pattern. 


We will be focusing on both fodder and grain production to store and supply wholesale to Feed mills at a market going price at the time of the yield.


Munafa Distribution:


Project Duration = 07 months or 210 days. Fund Providers get provided capital and 50% of the munafa or loss if made. iFarmer gets 50% of the munafa or loss including munafa or loss sharing with farmers.


For people who are interested to be part of this farm, they can purchase a value per unit of BDT 35,000 or equivalent to 1,850 kg of Maize. The duration of the project is 7 months or 210 days with a projected munafa sharing of 5% (BDT 1,750) to 10% (BDT 3,500) which will be distributed at maturity.


The fund provider will be receiving a yielded earning after 7 months (210 days), and at the end of the project cycle, the fund provider will receive munafa and actual provided amount.


iFarmer consists of sector experts who continuously monitor operations to minimize the risk of loss within their best capacity.



Shariah-Compliant Agriculture Financing through iFarmer:


- iFarmer follows the concept of Mudrabah for receiving and managing the fund for agriculture purpose.

- The iFarmer Mudarabah Investment Guideline:

- This is an agreement made between two parties- Party A, 'Financier' is known as ‘Rabal-Maal’ the one who provides‘ 100 percent of the capital’ for the project and Party B, "iFarmer" is known as a ‘Mudarib’ who using his entrepreneurial skills, manages the project.

- Munafas arising from the project are distributed according to a predetermined ratio. Any losses accruing is borne by the provider of capital. The provider of capital has no control over the management of the project.

- The Mudarib (iFarmer) will collect the funds provided by the ‘Rabal-Maal’ (Financier) for agricultural ventures and returns to the fund provider the principal and a pre-agreed share of the munafa.


Mudarabah Implementation Guideline for iFarmer:


- Two parties (Financier and iFarmer) execute Mudaraba Agreement by way of which they decide that one party will provide Mudaraba capital and another party manages the capital for a particular period.

- The munafa rate is to be pre-agreed between them.

- Mudarib (iFarmer) has management rights and, therefore, he will utilize the partnership capital in an agreed manner.

- At the end of the tenor, Mudarib (iFarmer) will return the principal and pre-agreed share of the munafa to the Rabal-Maal (Financier).

- If the business incurs a loss, it will be borne by Rabal-Maal (Financier) if there happens no negligence on the part of Mudarib (iFarmer).

- Rabal-Maal (Financier) is not liable for the losses beyond the capital he has contributed.



Portfolio brief of iFarmer's Currently Active Shariah Farm:


Our Farmers will produce fodder and green crops. Within 210 days our farmers will cultivate 3 cycles(50 days each cycle) of fodder and 2 cycles(60-80 days each cycle) of green crops. iFarmer will supply all these maize products to animal feed mills at market rate. We will also provide input, pesticides, and seeds to the farmers. All the maize storages are managed by our iFarmer Team for a preset timeline that will sell to the market for a better price and share profit with Financier (Within the contract timeline). All transactions for Shariah Farms are maintained separately through Shariah Compliant Banks.


Partnership with Farmer:


  • A partnership agreement is signed between iFarmer and Farmer.

  • Whereas Farmers are responsible for cultivation of maize.

  • iFarmer provides required management and crop advisory support to the farmer. 

  • Farmer gets pre-decided munafa sharing for his service.


Investment Policy

What is iFarmer?


iFarmer is an impact tech startup that has developed an innovative online platform which enables anyone to be a buyer in farming and livestock in Bangladesh.


How do I join iFarmer?


You as an individual or organization can join through an online registration using your Gmail/Facebook account or can register directly at iFarmer office.


What does iFarmer do?


iFarmer is an impact tech startup based in Bangladesh which aims to connect individuals willing to be a buyer in agricultural and livestock farming with farmers seeking easy access to capital. Our idea is based on the asset-sharing model, which has been a very common practice in our rural landscape for ages. We want to portray ourselves as portfolio managers for our buyer's agriculture and livestock shares.


What costs should be paid by the Fund Provider?


This depends on what you would like to buy. We have different portfolios with varying degrees of buying opportunity, return and maturity. To buy, you need to register through our website and make payment using your card or other available options of your choice. You can also issue a cheque in favor of iFarmer Limited.


Are Fund Providers given evidence on the units bought?


Each buyer has evidence in the form of a Certificate of Ownership in their email, which also explains the ownership of the assets and iFarmer’s responsibility as an asset manager. In addition, an invoice will be issued right away in an individual’s/organization’s email after payment has been made. For every transaction through a cheque, a money receipt is provided to the issuer along with all other documents mentioned above.


How much will I get as my earnings on my boughts?


Earning on boughts is based on a munafa-sharing criterion, where the Cold Storage Operator receives 50% of the munafa, the buyer receives 50% of the munafa. For example, if  1,850 kg of maize with a purchase price of 35,000 BDT is sold for 55,000 BDT, then farmer and iFarmer will get (20,000x50%) = 10,000 BDT, the farm funder will get (20,000x50%) = 10,000 BDT.


When will I get earnings on my bought?


iFarmer sells the maize within 7 months or 210 days. Taking everything into consideration, the return is transferred into the funder's bank account in exactly 7 months or 210 days from the date of payment.


Who will take care of my funded farm?


An operator for the farm is appointed who will be looking after the storage under iFarmer’s supervision.


Can I contact the designated person taking care of the farm?


A manager will be assigned to you and you can reach out to the designated person through your manager.


How will I receive updates related to my farm?


We will be posting live updates about the goods in the farm from time to time.


What will happen if the potatoes are spoiled or are stolen?


iFarmer consists of sector experts who are dedicated to counter any unavoidable circumstances within their capacity. However, in any given situation where the risk cannot be mitigated, we will try our level best to compensate for your loss using the available benevolent fund.


How many units can I buy at once?


The quantity varies. Please check specific farms or contact with us.


Can I keep the bought units for myself?


No, you cannot. iFarmer works on ground level with bulk buyers only.


Where will my bought units be sold?

iFarmer has a dedicated supply chain division through which goods are sold in bulk in the local market or to institutional buyers 


What transaction mode does iFarmer use?


You can pay through our secure online system or issue cheque in favor of i-Farmer Limited.


Can I see my bought storage in person?


Yes, you may. You must inform us in advance to ensure that you get the best welcome possible.



Who will be storing the maizes?


iFarmer and the maize farmer both would be working together to store the maizes.



Where is the farm located?


The farm would be operating in Bogra.


Not convinced yet?

Team iFarmer understands the value of your time, faith and money. Our team continuously appraises your funding for something much greater than monetary return.

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Refund your Funding

iFarmer allows you to take back your funding within 1 week with 100% refund.

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Risk Management

iFarmer team consists of sector experts with professional experience working in various high valued national and international projects.

certificate of ownership

Certificate of Ownership

Each funder will be provided with a Certificate of Ownership Farm (COF), which also explains the ownership of the Shariah with complete details.