Shariah-Compliant Farm - 6
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 20 cattle of each farm, not on specific cattle. From our previous experience, our expectation of the return would be between 15-25%.
For this farm, iFarmer has a farmer capacity of 500 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
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 Share with complete details.