Shariah Compliant - Jute Storage
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Shariah Compliant - Jute Storage

BDT 25000/share

Jashore, Jhenaidah and Faridpur


Estimated Earning

4 Months

2% to 6%



6 shares/booking

0 Unit

Install App to Book Farm

 **maximum 6 shares

 **remaining 113 shares

Jute is a natural fiber popularly known as the golden fiber. It is one of the cheapest and the strongest of all natural fibers and considered as fiber of the future. Jute is second only to cotton in the world's production of textile fibers. India, Bangladesh, China and Thailand are the leading producers of Jute.


The low market price and low demand of jute have been the major problems of the jute growers. However, the Jute Industry played an important role in the economic development of Bangladesh. The export value of jute manufactures accounted for a big portion of Bangladesh's export trade.


We will be focusing on jute supply wholesale to jute mills at a market going price at the time of the yield.


Munafa Distribution:


Project Duration = 04 months or 120 days. Fund Providers get provided capital and 50% of the munafa or loss if made. iFarmer gets 50% of the munafa (profit) 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 25,000 or equivalent to 9 maund (or 360 kg) of  jute. The duration of the project is 4 months or 120 days with a projected munafa sharing of 2% (BDT 500) to 6% (BDT 1,500) which will be distributed at maturity. The buying price of 1 maund jute varies between  BDT 2730 to BDT 2750 and the selling price of 1 maund jute varies between BDT 2780 to BDT 2800.


The fund provider will be receiving a yielded earning after 4 months (120 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 purposes.

- 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 return 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:


All the jute 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 the jute. 

  • 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 app 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  storage Operator receives 50% of the munafa, the buyer receives 50% of the munafa. For example, if  25 maund or 1000 kg of jute with a purchase price of 70,000 BDT is sold for 90,000 BDT, the 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 units?


iFarmer sells the jute within 4 months or 120 days. Taking everything into consideration, the return is transferred into the funder's bank account in exactly 4 months or 120 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 jutes 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 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 jutes?


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



Where is the farm located?


The farm would be operating in Jessore, Jhinaidah,Kushtia, and Faridpur.

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 share with complete details.