This agreement shall be deemed to have been executed in the light of the Islamic Shariah-compliant financial system of investment, i.e. by the Al-Wakalah Bi Al-Istithmar/Investment Agency. The Fund Manager (SECOND PARTY) and the Principle (FIRST PARTY) acknowledge that this Agreement does not create a partnership or joint venture between them and is exclusively a contract for service. It is to be noted that the provisions of the prevailing law shall be duly applicable where applicable.
TYPE OF BUSINESS AND AMOUNT OF INVESTMENT
The Principle (FIRST PARTY) hereby agrees to make an investment amounting to BDT. _______ (Taka _________________ Only) (hereinafter referred as the ‘Investment Amount’) in agricultural project (Dry Fish) and pay the Investment Amount immediately to the Fund Manager (SECOND PARTY) through cash, cheque or online bank transfer in the designated bank account of WEGRO TECHNOLOGIES LIMITED after execution of this Agreement. The purpose of this investment is to utilize the Investment Amount for the activities, which is directly or indirectly maintained and spent by the Fund Manager (SECOND PARTY) for its dry fish business till October 17, 2022.
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