Shariah Compliant Bull Farm 15
15% to 20%
Shariah-Compliant Agriculture Financing through iFarmer:
iFarmer follows the concept of Mudrabah for receiving and managing the fund for agriculture investment.
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.
Profits 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 invest the funds provided by the ‘Rabal-Maal’ (Financier) for agricultural ventures and returns to the investor the principal and a pre-agreed share of the profit.
Mudarabah Implementation Guideline for iFarmer:
Portfolio brief of iFarmer's Currently Active Shariah Farm:
Partnership with Farmer:
Our Shariah Farms are based on a portfolio model, where the funder gets a profit portion based on the return of the overall portfolio of 100 cattle of each farm, not on specific cattle. From our previous experience, our expectation of the return would be between BDT 9,750 (15%) to BDT 13,000 (20%) .
For this farm, iFarmer has a farmer capacity of 20000+ skilled farmers who have experienced livestock farmers with adequate training. iFarmer consists of sector experts who continuously monitor operations to minimize the risk of loss within their best capacity.
How It Works
iFarmer is an impact tech startup that has developed an innovative online platform which enables anyone to be a funder in farming and livestock in Bangladesh.
You as an individual or organization can join through an online registration using your Gmail/Facebook account or can register directly at iFarmer office.
iFarmer is an impact tech startup based in Bangladesh which aims to connect individuals willing to be a funder 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 funder's agriculture and livestock shares.
This depends on what you would like to fund. We have different portfolios with varying degrees of funding opportunity, return and maturity. To fund, you need to register through our website/app and book your order. Afterwards, someone from our team will get in touch with you to discuss further.
Each funder 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.
Return on fund is based on a profit-sharing criterion, where farmer receives 50% of the profit, the farm funder receives 40% of the profit and iFarmer receives 10% of the profit as service revenue. For example, if a cow with a purchase price of 45,000 BDT is sold for 65,000 BDT, the farmer will get (20,000x50%) = 10,000 BDT, the farm funder will get (20,000x40%) = 8,000 BDT and iFarmer will get (20,000x10%) = 2,000 BDT.
iFarmer sales the cattle within 8-10 months from the date of purchase. Taking everything into consideration, the return is transferred into funder’s bank account in exactly one year from the date of payment.
We have enlisted 500 experienced and trained livestock farmers for cattle rearing who will look after your funded livestock under iFarmer’s supervision.
A farm manager will be assigned to you and you can reach out to your designated farmer through your farm manager.
You will get access to an online dashboard. You will also have your farm manager’s phone number.
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 your loss using the available benevolent fund.
You contribute by eliminating the need for loans which comes with interest. This is a burden our farmers have been carrying for ages and with your help through iFarmer, they can move towards a better standard of living.
No, you cannot since we as your asset-manager is responsible to ensure the best for your funded livestock.
The quantity varies. Please check specific farms or contact with us.
No, you cannot. iFarmer works on ground level with bulk buyers only.
Cattle are sold either in the local market or to institutional buyers.
You can pay through our secure online system or issue cheque in favor of i-Farmer Limited.
Yes, you may. You must inform us in advance to ensure that you get the best welcome possible.
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.
Refund your Funding
iFarmer allows you to take back your funding within 1 week with 100% refund.
iFarmer team consists of sector experts with professional experience working in various high valued national and international projects.
Certificate of Ownership
Each funder will be provided with a Certificate of Ownership Farm (COF), which also explains the ownership of the unit with complete details.