23/09/2020
Welcome to our marketing policy
Bismillahir Rahmanir Rahim
Introduction
Achchalamu alaikum
Welcome to the Modaraba Business System of Palli Bazar Limited approved by the Government of the People's Republic of Bangladesh. Modaraba business policy in Islamic terms is a method accepted by Allah and His Messenger (peace be upon him) Our Prophet Muhammad (peace be upon him) used this method to invest the money of the Muslims and non-Muslims of Makkah in this business. Therefore, we can easily say that this method is suitable for people of all religions, which is recognized or proven by the Qur'an and Sunnah. In fact, we are so entangled in the tactics of Western capitalism that interest continues to infiltrate important areas of our lives, whether we like it or not. But we as Muslims can never take interest because Allah Himself has declared in Surah Al-Baqarah in the Holy Qur'an that you should refrain from usury in all your transactions including business and trade or else be prepared to fight Allah and His Messenger. Therefore, we all know that usury is a heinous sin outside the Islamic ideology, and it is also a way to exploit people. So let us acquire knowledge about Islamic Modaraba policy to solve our financial problems So let us acquire knowledge of the Islamic Modaraba principle to meet our financial problems and pledge to keep ourselves and our families steadfast on religious discipline by applying it in every necessary sector of life. But in order to follow this path, it is very important for us to have a good knowledge of this method first, so let us try to know the details of Modaraba business method.
What is Modaraba business?
Modaraba business in Islamic terminology means joint venture business. In this system there are usually 2 to 3 parties. The business system that is developed by clearly mentioning all these categories of contract based decision making, appropriation policy, profit sharing process is known as Modaraba business system in Islamic terminology. In this way, the three parties can be individual or both buyers and buyers can be individuals. In that case, this agreement will be considered a bilateral agreement. As per the bilateral agreement, the buyer and the buyer are considered a party and the buyer pays not only for profit but also for the payment of the product as a buyer, so the investors are able to make profit by share.Instead, you can enjoy the benefits of the business on the basis of the contract until you are selected as a beneficiary.
3 parties to this system
1) Mozaib or Business Person or Organization
2 ) Investors / rabbulmal
3) Beneficiary / buyer
This religious business policy emphasizes the obvious responsibility of every Bratis tainta and the benefits of the benefits that are included in this system, so let us know clearly about who is responsible and the benefits of the Modaraba method in our Polli Bazar limited.
1) Benefits and liabilities received by the person or organization that manages the business:
The Business Manager cannot claim to own the modaraba-style company because the real owner of the business is the money-laundering individuals. Mozarib is the only one of the money-laundering people who are responsible for the payment of the money to the money-laundering people to properly fulfill the obligations that he and his organization have to pay. However, it is noted that the Directors can take any legal settlement and take the payment in accordance with the agreement, but it is noted that if any additional money or product is provided by the company after the contract-based requirements are met by the manufacturers, the Mozarib will be able to take advantage of the benefits. The beneficiaries will not be entitled to this additional benefit.
2)The responsibility and benefits of the investor population
To meet the needs of the customers through the Modaraba system of Polli Bazar Limited, the Director of the Company will consult with the manufacturer or supplier of various products to determine the amount of products that are sought per month, the purchase price, the sale price, the net profit amount, the time limit of payment, and the amount of monthly installments of the customer. As a result, the customer will continue to pay the amount of the payment till the contract period is fixed for each month, The maximum 30 customers will be provided with the product per month through a neutral selection from all customers participating in the project who will be able to deposit 20% of the market value of the product in accordance with the agreement. It should also be noted that if a customer is in financial trouble while his account is running and before he is selected for the product, the customer can be paid as full interest free loan for up to double the maximum amount of his deposit amount for a maximum of 1000 days. Also, the actual price of the product is charged within the stipulated period after the delivery of the goods to the selected customers through the lottery. Unless selected for the purchase of any customer product in the Modaraba system, the company will be able to share 50% of the net profit from the sale of the products that the company will provide to the selected members each month, the net profit of the company's management, and the remaining 50% of the combined customers. As a result, the money-laundering public can avail more than the deposit of the bank in interest every month in a 100% lawful way.
Some more steps to help poor low income customers
***Short Term Interest Free Loan Facility
Since Polli Bazar Limited is an organization run by religious disciplines, it has launched an interest-free micro-loan assistance project to help poor, non-transparent families live in a society that is free of interest. The interest-free micro-loan project of Polli Bazar Limited is open to all adults and working people. Any customer who opens the account for deposits in this institution can avail interest-free loans at any risk of the maximum five to ten times the amount of his deposit. The customer is entitled to pay the loan on a daily, weekly, or monthly installment at his convenience. Interest-free repayment period from 100 days to 300 days.
***Medium term interest free loan facility.
This method is not public, meaning only for customers who will participate in the collection of products in the Modaraba method. If any customer is in financial trouble before the product is collected, the customer will receive double the amount of the loan amount he has received as interest free loan assistance which will be paid for the maximum 1000 days. Also, the customer will not break the deal for his collection of goods as a result of interest free loans.
The difference between the modaraba method of Polli Bazar Limited and the loans made by the traditional banks is mentioned below.
The traditional bank rules require a total of Tk. 28,00,000 to pay off the loan of Tk. 100,000 for a period of 180 months. As a result, the monthly installment of the customer will be Tk. 15,555.56
However, in the Modaraba system of Polli bazar Limited, the same amount of money will be paid to the customer for payment at the same time, with service charges of Tk. 1200000, so the monthly installment of the customer will be Tk. 6666.67
The number of subscribers for the project is also a good one, such as providing 30 customers with their products per month and providing interest-free loan assistance to 30 other customers. A total of 10800 subscribers are required for a total of 180 months to maintain this continuity.
Creating open employment
The organization sets the salary of the project workers based on the fixed income. Therefore, the pay is determined for each member based on the market price of the products the group customers are demanding and the duration of the project. According to him, the total monthly salary for the marketing group of products worth Tk. 1000,000 is Tk. 2000,000. 10800 subscribers of the 180-month project.
So any customer in this organization will be able to fill in the number of non-members and create new jobs as part-time jobs to make themselves self-reliant by earning extra money despite being employed in another profession.
Thank you
The Managing director
Polli Bazar Limited
