Bai-Muajjal-based Agricultural Investment

AL NOOR Fashal is a Shari’ah-compliant credit sale facility where the Bank procures agricultural inputs as per client request and sells them at a fixed price (cost + profit + expenses), repayable in lump sum or installments within a set period.

Key Highlights

• Designed for individual farmers, SMEs, women, and marginal/Barga farmers engaged in crop farming.
• Group financing allowed (5–15 members), with mutual guarantees and minimum experience.
• Covers costs for seeds, fertilizer, labor, land rent, irrigation, warehousing, and marketing.
• Bai-Muajjal agreement required; client may act as Buying Agent.
• Investment size: BDT 1 Lac – 1 Crore; collateral-free up to BDT 3 Lac.
• Profit Rate: As per Bangladesh Bank direction & Bank’s policy.
• Tenure: 1 year; renewable annually.
• Repayment: Lump sum or installments; early payment allowed.
• Security: Hypothecation, personal guarantees, PDCs, insurance (if applicable).

Eligibility

• Bangladeshi nationals aged 18–55 (relaxable to 60).
• Minimum 2 years farming experience.
• Must have legal capacity; delinquent clients not eligible.