Shariah-Compliant Social Business Trading
Fish Growth Project – Shariah-Compliant
This initiative is a Shariah-based social business designed to empower marginalized fish farmers/lease holders/contractor in the North-West region of Bangladesh through ethical aquaculture. Implemented by Nexus and Devx, both sister concerns, the project aims to boost rural incomes, enhance food security, and promote sustainable fish farming practices.
| Business Type | Shariah-Compliant Social Business Trading |
|---|---|
| Project Start Date | |
| Project End Date | |
| Investment Duration | 6 Months and 1 year cycle |
| Investment Target | 500 Metric Ton per year |
| Raised Amount | ৳0.00 |
| In Waiting | ৳0.00 |
| Minimum Investment | ৳50000.00 |
| ROI | Annually 40% |
| Projected Profit | 7% only on Profit |
| Status | Open |
Project Overview
Project Background
This initiative is a Shariah-based social business designed to empower marginalized fish farmers/lease holders/contractor in the North-West region of Bangladesh through ethical aquaculture. Implemented by Nexus and Devx, both sister concerns, the project aims to boost rural incomes, enhance food security, and promote sustainable fish farming practices.
Key Challenges – Nexus & Devx Address
- Lack of access to affordable financing for pond preparation, purchase baby fish, and feed.
- High dependency on informal high-interest loans that strain farmers financially.
- Unstable market access and fluctuating fish prices.
- Rising costs of quality feed, water management, and disease prevention.
- Limited technical knowledge in modern aquaculture and poor infrastructure in rural fish farming zones.
Project Rationale
Nexus and Devx recognize the urgent need for affordable, ethical, and sustainable financing for marginalized fish farmers. Under Islamic Shariah principles, the project ensures halal income generation, fair profit-sharing, and rural socio-economic development.
Project Goal
Support fish farmers to collectively produce 500 Metric Ton of high-quality fish per year, providing them with:
- Ethical capital-Sharia Invest with social business
- Training in sustainable aquaculture
- Veterinary & water quality advisory support
- Market linkages to end customer/consumer to ensure fair prices
Investment Model & Profit Sharing
How It Works:
- Investors’ funds are used to purchase fish fry, feed, and farm inputs.
- Farmers grow the fish until harvest.
- Investment cycles: 6 months or 1 year.
- Minimum investment: BDT 50,000.
- Estimated ROI: 20% for 6 months / 40% annually.
- Service fee: 7% on profit portion only.
- Net profit after service fee is split:
- Investor: 1 part (⅓)
- Farmer: 2 parts (⅔)
Profit Sharing Example
|
Investment (BDT) |
Gross Profit (20% for 6M / 40% Annually) |
Service Fee (7% on Profit) |
Net Profit (After Fee) |
Investor Share (⅓) |
Farmer /Grower Share (⅔) |
Total Return to Investor |
|
50,000 |
10,000 / 20,000 |
700 / 1,400 |
9,300 / 18,600 |
3,100 / 6,200 |
6,200 / 12,400 |
53,100 / 56,200 |
|
100,000 |
20,000 / 40,000 |
1,400 / 2,800 |
18,600 / 37,200 |
6,200 / 12,400 |
12,400 / 24,800 |
106,200 / 112,400 |
Benefits
- For Farmers: Improved income stability, reduced loan dependency, access to technical guidance, and better market access.
- For Investors: Ethical investment, transparent Shariah-compliant profit-sharing, and contribution to sustainable food production.
- For Communities: Job creation, food security, and eco-friendly rural economic growth.
