INVESTMENT 07/I/18-PR

Description

Project Property Crowed Fund No. 7/XI/2017

Business Description

This cluster is located in strategically in the Cirendue, South Tangerang region. The Land Owner is a Senior Architect and West German graduate, has served as an executive board of DPP REI Jakarta for 4 years from 1986 to 1990, with many experience of middle to large scale projects in big cities across Indonesia.

The area of the land is 1775m² and located strategically on the street that connects Lebak Bulus to Cinere Raya through the premium residence, Cinere Mas. The development of this area will be 12 house units, type 130m on 100m of land with 2 floors and a modern classic design. Every house unit is planned to be sold at 1,5 – 2 Billion Rupiah. The Project Owner has signed a Sharia Agreement Contract (Joint Operation) with a representative from PT Dana Syariah that has been assigned to represent Lenders and make sure that the Funds will be used according to the agreed project proposal. Currently, the progress has reached the infrastructure development such as cut and fill land, construction of water absorption, road building and paving block installation. It will be continued with the constuction of 2 model home. From the legal and licensing aspect, the subdivision of certificate is almost complete and after the Building Permit (IMB) will be filed.

Investment repayment and profit sharing schedule

Fund Proposed	: Rp. 1.500.000.000, -
Sharia Profit Sharing	: 17% Per year
Tenor	: 24 Month
Repayment Schedule
Principal	: 4 times every 6 months (@ 350M)
Monthly Profit sharing	: 1 time every month for 24 months
Final Profit Sharing	: 1 time at the end of contract period

Buy Price

Sale Price (agreed and signed)

Profit Sharing (net Sale)

Tenor (month)

% Profit sharing margin

% profit sharing/ year

Profit Sharing/ month

(24 times)

Final profit Sharing (Rp)

1,500,000,000

2,010,000,000

510,000,000

34%

17%

17,000,000

102,000,000

*) Investor may withdraw fund at any time and Dana Syariah will guarantee repayment fund will be transfer into investor bank account within 3 (three) working day(s) regardless availability of new investor. Investor who withdraw their fund will give up his/her right of current monthly profit sharing onward and 20% undisbursed previous monthly profit sharing.

Profit Sharing Simulation of Rp. 10 Million (Profit Sharing disbursement is 1 time for every month for the period of tenor/contract and onetime payment at the end of contract period Note: First profit sharing payment is 35 (thirty-five) days upon crowd funding end period and fund has been allocated to project owner)

Month	Principal	Profit Sharing			Payment
		(10jtx17%)*80%¹⁾	(10jtx17%)*20%²⁾		Disburse	Disburse at the end contract period
1	0	113,333	28,333		113,333	28,333
:	:	:	:		:	:
24	0	113,333	28,333		113,333	680,000
25	10,000,000	680,000		³⁾	10,680,000		⁴⁾
Total	10,000,000	3,400,000		⁵⁾	13,400,000		⁶⁾

Note:

¹⁾ Monthly profit payment disbursed is 80 % of monthly profit payment ²⁾ 20% of monthly payment will be disburse at the end of contract period. ³⁾20% Undisbursed monthly profit payment. ⁴⁾Payment at the end period contract = principal fund + undisbursed monthly profit payment (see note no ³). ⁵⁾Total repayment received by investor (principal fund + monthly payment)